The Journey Toward an
Advanced Technology Separation Company

Corporate Overview

Founded: 2006

  • A proven and resilient leader in the REE sector

Mergers & Acquisitions

  • 2007 – TSXV:LML (Landmark Minerals, Inc.)
  • 2020 – Innovation Metals Corp. (a private Canadian company)

Current Focus on Revenue

  • Reinforce IMC’s commercial deployment of the RapidSX™ separation technology platform for REE, i.e. licensing to independent customers
  • Development of the Bokan Project’s first component –
    • The Alaska SMC separation and purification plant for the production of REO
  • Support IMC’s development of RapidSX™ separation technology for EV battery and other technology metals, such as Li, Co, Ni, et al.
  • Through strategic alliances and a consortium business model, develop additional REO production opportunities with potential downstream alloy and metal making
  • Continue to advance the Bokan Project towards resource extraction

Bokan Drill Core

Historical Actions

Bokan-Dotson Ridge REE Project:

  • 100% ownership rights
  • US $145M AIDEA bond financing authorization by the AK legislature (SB 99, 2014)
  • C $35M invested to:
    • explore, validate & establish an NI 43-101 inferred & indicated mineral resource of 1.05M tonnes @ 0.603% TREO and 4.79M tonnes @ 0.602%TREO, respectively
    • develop the PEA1, published in 2013
  • Drove the need to establish an efficient & environmentally friendly technology for REE separation to lower the economic feasibility threshold for Bokan and other REE project opportunities to compete head-to-head with PRC producers

REE Separation Technology IP Development & Acquisition

  • C $15.7M to date on internal R&D and acquisition of best-in-class technology for REE separation towards the development of the Alaska SMC and IMC’s independent business pursuits

Market Cultivation & Development:

  • Upstream feedstock identification and analysis (US allied nations)
  • Other potential plant sites in the United States
  • Downstream utilization & deployment (metals, alloys, magnets & components)

1A PEA is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

Permanent magnets are found in more than 90% of electric vehicle (EV) motors, and rely on the critical Magnet REOs – Nd, Pr, Dy and Tb

The global EV market is projected to grow to an excess of 30 million vehicles by the end of the decade.

Principal Businesses and Technology

Corporate parent to existing subsidiaries and prospective joint ventures

Latest News

September 15, 2022

Ucore’s Rare Earth Separation Commercial Demonstration Plant On-Track for Q4-2022 Commissioning

Corporate Deck

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