The ALASKA2023 plan is our definitive yet always evolving and improving three-year plan consisting of very explicit and interrelated goals that drive Ucore’s day-to-day decisions based on the following salient objectives:

1. Continue to work with AIDEA towards Alaska SMC and Bokan funding.
2. Continue to work with the Alaska Congressional Delegation in pursuit of US government support.
3. Continue to strengthen our relationships with the communities of SE Alaska.
4. Continue to support IMC for the commercial development and licensing of its RapidSX technology.
5. Continue business and engineering development efforts towards the construction of the Alaska SMC by 2023.
6. Continue to pursue downstream REE metal, alloy and magnet maker strategic relationships.
7. Continue with exploration, engineering and business development work for the Bokan Project in preparation for a planned feasibility study.
8. Continue with the exploration of Ucore’s other REE mineral property in Alaska, the Ray Mountains Project.
9. Continue the coordination of cross-company efforts with IMC and Ucore’s evolving strategic development partners towards a complementary LREE SMC in the Continental US.

Comprised of three primary initiatives:

Feed

Securing a US-allied REE feedstock source and in parallel, continuing to advance the prospective HREE mine at the Bokan Project toward a feasibility study and permitting;

Technology

Developing the Alaska SMC HREE & LREE separation plant in Southeast Alaska through the wholly owned subsidiary Alaska SMC, LLC, utilizing IMC’s patent-pending and proprietary RapidSX critical metals separation technology platform;

Market

North American market development and cultivation of the tiered supplier and customer base for REE products in the Western World, disrupting China’s dominance.