The Journey Toward an
Advanced Technology Separation Company
©Copyright 2021. Ucore Rare Metals Inc. All Rights Reserved. Forward Looking Information & Qualified Person
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.
Principal Businesses and Technology
Corporate parent to existing subsidiaries and prospective joint ventures
