Ucore declares:
- Completion of its third and remaining stage of Business Demonstration Plant (“Demo Plant”) commissioning procedures
- Graduation of the US Division of Protection (“US-DoD”) demonstration program
Ucore Uncommon Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Firm”) declares the completion of its deliberate commissioning procedures for the Firm’s RapidSX™ Business Demonstration Plant (“Demo Plant”) for the separation of heavy and light-weight uncommon earth components (“HREEs”, “LREEs”, or “REEs”). The Demo Plant is situated inside Ucore’s 5,000 sq. foot RapidSX™ Commercialization and Demonstration Facility (“CDF”) in Kingston, Ontario.
“Since early this 12 months, the Firm has been testing, adjusting, and optimizing its 52-Stage Demo Plant to satisfy its RapidSX™ commercialization and demonstration deployment aims in Louisiana[i],” said Mike Schrider, P.E., Ucore Vice President & Chief Working Officer. “Ucore could be very happy to announce the completion of commissioning procedures with its third and remaining combined REE chemical focus[ii] and the graduation of its US-DoD demonstration program. The aims of this program are to determine a direct techno-economic comparability between standard solvent extraction [CSX] and RapidSX™ for separating heavy and light-weight uncommon earth components and to determine RapidSX™ know-how for industrial deployment in North America.”
The CDF facility is operated by Ucore’s commercialization companion, Kingston Course of Metallurgy Inc. (“KPM“).
“KPM has been aiding within the growth of RapidSX™ since proper after Ucore acquired the know-how in Could of 2020,” said Boyd Davis, Ph.D., Co-Principal of KPM. “We’re more than happy to see the profitable transition from the ultimate LREE commissioning feed to the HREE demonstration feed with no operational upsets. The automated front-end leach facility has been commissioned, is operating on spec, and matches the RapidSX™ throughput. In the course of the remaining commissioning part, we processed over one tonne of combined uncommon earth feed in lower than one week of run-time whereas hitting our product specification targets – it’s rewarding when a know-how matches and even exceeds expectations.“
KPM’s Challenge Chief, Jonathan Leung, M.Eng., added, “It’s an thrilling time for the group in Kingston. We’re operating 24/7 till the vacations and again on the identical tempo within the first week of January. All 52 phases of the Demo Plant are operational, and the mechanical and management methods have been absolutely examined and enhanced throughout commissioning. We are actually specializing in the loading/scrubbing steadiness of the primary heavy uncommon earth demonstration run, identical to in any solvent extraction plant.”
Determine 1 – 52-Stage RapidSX™ Demo Plant
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Determine 2 – 52-Stage CSX Pilot Plant
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Determine 3 – RapidSX™ Automated Leaching Feeder
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Determine 4 – RapidSX™ Human-Machine-Interface (“HMI”) Management Station
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The Firm expects to realize numerous milestones in Q1-2024 and appears ahead to offering updates concerning enhanced RapidSX™ outcomes and efficiency metrics, its US DoD and Authorities of Canada demonstration applications, and to additional element the funding and technical growth pathway from its Kingston, Ontario, CDF to the LA-SMC in Alexandria, Louisiana.
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About Ucore Uncommon Metals Inc.
Ucore is concentrated on rare- and critical-metal assets, extraction, beneficiation, and separation applied sciences with the potential for manufacturing, progress, and scalability. Ucore’s imaginative and prescient and plan is to grow to be a number one superior know-how firm, offering best-in-class steel separation services and products to the mining and mineral extraction trade.
Via strategic partnerships, this plan consists of disrupting the Individuals’s Republic of China’s management of the North American REE provide chain by way of the near-term institution of a heavy and light-weight rare-earth processing facility within the U.S. State of Louisiana, subsequent Strategic Steel Complexes in Canada and Alaska and the longer-term growth of Ucore’s 100% managed Bokan-Dotson Ridge Uncommon Heavy REE Challenge on Prince of Wales Island in Southeast Alaska, USA.
Ucore is listed on the TSXV below the buying and selling image “UCU” and in the USA on the OTC Markets’ OTCQX® Finest Market below the ticker image “UURAF.”
For additional info, please go to www.ucore.com.
Ahead-Trying Statements
This press launch consists of sure statements that could be deemed “forward-looking statements.” All statements on this launch (aside from statements of historic information) that deal with future enterprise growth, technological growth and/or acquisition actions (together with any associated required financings), timelines, occasions, or developments that the Firm is pursuing are forward-looking statements. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements will not be ensures of future efficiency or outcomes, and precise outcomes or developments could differ materially from these in forward-looking statements.
Concerning any disclosure within the press launch above in regards to the US Division of Protection or the Authorities of Canada Packages and the anticipated profitable progress and ensuing milestone funds from these Packages, the Firm has assumed that the Packages (together with every of their milestones) might be accomplished satisfactorily. For added dangers and uncertainties concerning the Firm, the CDF, the Demo Plant and ongoing Packages (usually), see the chance disclosure within the Firm’s MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.SEDAR.com) in addition to the dangers described beneath.
Concerning the disclosure above within the “About Ucore Uncommon Metals Inc.” part, the Firm has assumed that it will likely be in a position to procure or retain further companions and/or suppliers, along with Innovation Metals Corp. (“IMC”), as suppliers for Ucore’s anticipated future Strategic Metals Complexes (“SMCs”). Ucore has additionally assumed that adequate exterior funding might be discovered to finish the Demo Plant demonstration schedule and likewise later put together a brand new Nationwide Instrument 43-101 (“NI 43-101”) technical report that demonstrates that the Bokan Mountain Uncommon Earth Ingredient mission (“Bokan”) is possible and economically viable for the manufacturing of each REE and co-product metals and the then prevailing market costs based mostly upon assumed buyer offtake agreements. Ucore has additionally assumed that adequate exterior funding might be secured to proceed the event of the precise engineering plans for the SMCs and their development. Elements that would trigger precise outcomes to vary materially from these in forward-looking statements embrace, with out limitation: IMC failing to guard its mental property rights in RapidSX™; RapidSX™ failing to show industrial viability in massive commercial-scale purposes; Ucore not with the ability to procure further key companions or suppliers for the SMCs; Ucore not with the ability to increase adequate funds to fund the precise design and development of the SMCs and/or the continued growth of RapidSX™; opposed capital-market situations; surprising due-diligence findings; the emergence of different superior metallurgy and metal-separation applied sciences; the lack of Ucore and/or IMC to retain its key workers members; a change within the laws in Louisiana or Alaska and/or within the help expressed by the Alaska Industrial Growth and Export Authority (“AIDEA”) concerning the event of Bokan; the provision and procurement of any required interim and/or long-term financing that could be required; and normal financial, market or enterprise situations.
Neither the TSXV nor its Regulation Providers Supplier (as that time period is outlined by the TSXV) settle for accountability for the adequacy or accuracy of this launch.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Working Officer, is liable for the content material of this information launch and could also be contacted at 1.902.482.5214.
For added info, please contact:
Mark MacDonald
Vice President, Investor Relations
Ucore Uncommon Metals Inc.
1.902.482.5214
mark@ucore.com
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