Ucore Rare Metals Inc.

Description

Ucore Rare Metals Inc. is a natural resource metal and mining company. Ucore Rare Metals was incorporated on October 5, 2006, in Alberta.

Ucore Rare Metals Inc. is listed publicly on the Toronto Venture Stock Exchange Market, with its shares trading under the symbol UCU. Additionally, the mineral exploration and development firm trades its stock on the OTCQX market under the symbol UURAF.

The Halifax, Nova Scotia-based mineral resource mining company, develops advanced mining technology for the exploration, extraction, beneficiation, separation, and production of rare earth elements. The company aims to build and develop rare earth elements and critical mineral resources with near term production potential.

Ucore Rare Metals owns RapidSXTM -- a separation technology for rare earth elements and other critical metal elements. Innovation Metals Corp., a 100 per cent owned subsidiary company of Ucore, developed this accelerated solvent extraction driven separation technology.

The RapidSX technology is utilized for commercial separation and purification of:

• Heavy and light rare earth elements for transformation into rare earth element oxides.

• Critical metals like lithium, cobalt, and nickel for the production of lithium-ion battery materials.

Additionally, Ucore owns a 100 per cent stake in the Bokan-Dotson Ridge Rare Earth Element Project southwest of Ketchikan, Alaska. The Bokan Mountain Property comprises 512 unpatented lode claims spread over an area of 38.12 square kilometers.

Ucore is focused on developing the Alaska Strategic Metals Complex, a heavy rare earth element processing facility in southeast Alaska, to develop rare earth element resources for the long term. Ucore Rare Metals Inc. enjoys support from Alaska and the US Federal Government. The company also enters various strategic partnerships with AIDEA, Materion, SGS, Solvay, Mech-chem Associates, Inc., Kentucky River Properties LLC, and J.A. Green & Company to develop the REE projects.