Universal Core

Ucore Chairman & CEO Provides Strategic Update to Shareholders: Taking Action Today to Secure Tomorrow

Wednesday, May 12, 2021 - 2:42pm

On May 4, 2021, Ucore announced a TTA between IMC and a leading US-allied-sourced REE producer.

Key Points: 
  • On May 4, 2021, Ucore announced a TTA between IMC and a leading US-allied-sourced REE producer.
  • Now a second TTA with a leading US-allied-sourced, advanced-stage REE development company has also been executed.
  • This very deliberate plan is underpinned by our Alaska-centric infrastructure and the RapidSX technology platform.
  • We are confident of the value, advantages and timelines associated with our three-year business plan.

Ucore Subsidiary, Innovation Metals Corp., Commences RapidSX Separation Testing with Rare-Earth Producer

Tuesday, May 4, 2021 - 2:23pm

The purpose of the TTA is to generate empirical data for joint evaluation by IMC and the REE Producer regarding IMC\'s proprietary RapidSX\xe2\x84\xa2 separation technology for the separation of the REE Producer\'s MREC.

Key Points: 
  • The purpose of the TTA is to generate empirical data for joint evaluation by IMC and the REE Producer regarding IMC\'s proprietary RapidSX\xe2\x84\xa2 separation technology for the separation of the REE Producer\'s MREC.
  • The goal is focused on producing high-purity rare-earth element oxides ("REOs") required for the global rare-earth element ("REE") permanent-magnet industry.
  • The data generated will be used to help optimize flowsheets for the separation and purification of this specific MREC, utilizing the RapidSX technology, as a means of producing commercial-grade REOs.
  • Ucore has also assumed that sufficient external funding will be secured to develop the specific engineering plans for the Alaska SMC and its construction.