- The PDAC convention has grown since 1932, becoming the choice event for the world’s mineral industry, hosting more than 1,100 exhibitors and 2,500 investors
- Ucore’s presentation will focus on its RapidSX(TM) technology which provides a North American opportunity in the REE industry, removing dependency from China’s current industry domination
- Ucore is currently working on near-term and long-term processing facilities in Canada, Alaska, and Louisiana
Registration for the world’s premier mineral exploration and mining convention, PDAC 2023, is currently open for attendees. The convention is known for attracting up to 30,000 attendees from over 130 countries, providing educational programming, network events, outstanding business opportunities, and fun.
Since 1932, the PDAC convention has grown in size, stature, and influence, becoming the choice event for the world’s mineral industry, now hosting more than 1,100 exhibitors and 2,500 investors. This year’s convention will take place in Toronto, Canada, from March 5th through March 8th at the Metro Toronto Convention Centre (“MTCC”). To register for the PDAC 2023 Convention, visit the PDAC site (https://ibn.fm/MLMzo).
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the U.S., will be providing PDAC 2023 attendees with a brief presentation on its RapidSX(TM) technology and building a North American source for processed REEs. Ucore’s RapidSX(TM) technology provides additional industry options for overcoming the dominance of China in processing REEs through its development of near-term and long-term processing facilities in North America.
- Date: 3/6/2023
- Room: 801B
- Session start time: 2:00 PM
- Company presentation time: 3:38 PM
- Required time at session room: 1:40 PM latest
- Session Name: Electric materials / REE
- Speaker Name: Pat Ryan
- Company: Ucore Rare Metals Inc.
REEs are crucial to high-technology industries, including applications for mobile phones, rechargeable batteries, and military assets. Still, the current tensions between the U.S. and China have brought to light the urgency for North America to have its own REE processing alternatives. Ucore is disrupting China’s dominance with its near-term processing facility in Louisiana, subsequent Strategic Metals Complexes (“SMCs”) in Alaska and Canada, and the longer-term development of Boken Mountain on Prince of Wales Island, Alaska.
According to Grand View Research, the global REE market was valued at $2.8 billion in 2018, with a forecast of $5.6 billion by 2025, growing at a CAGR of 10.4% (https://ibn.fm/zXJBe). The growth of the market is attributed to the rising demand for electric vehicles to reduce carbon emissions and the use of permanent magnets in these vehicles. With many countries on board to reach net-zero carbon emissions, Ucore is positioned to lead the charge in North America, supplying REE separation on a commercial scale and removing the dependency on China for REE production.
The processing facilities will incorporate Ucore’s RapidSX(TM) technology, which combines the time-proven chemistry of conventional solvent extraction (“SX”) with a new column-based platform that significantly reduces time to completion and plant footprint, as well as potentially lowering capital and operating costs. SX is currently the international REE industry’s standard commercial separation technology for bulk separation of heavy and light REE.
The commissioning process of Ucore’s RapidSX(TM) Demonstration Plant is underway in Kingston, Ontario. Once it is commissioned, the plant is designed to demonstrate the commercial capabilities of the RapidSX(TM) technology platform. The demo plant will show the following:
- The techno-economic advantages of the RapidSX(TM) technology platform
- The processing of tens of tons of heavy and light mixed REE concentrates in a simulated production environment
- The platform’s ability to operate for thousands of semi-continuous run-time hours
- Production of high-purity NdPr, praseodymium, neodymium, terbium, and dysprosium REEs for early OEM product qualification trials
The demo plant is located within the company’s 5,000-square-foot RapidSX(TM) Commercialization and Demonstration Facility, which is run by its laboratory partner, Kingston Process Metallurgy Inc. (“KPM”).
For more information, visit the company’s website at www.Ucore.com.
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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