Ucore Rare Metals (TSXV:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to report on its joint efforts to monetize rare earth elements and constituent metals from the Alberta oil sands. In 2016, the Company announced that it has partnered with a Major Alberta Oil Sands Producer (“MOSP”) in the undertaking, which has received funding from the National Research Council of Canada Industrial Research Assistance Program (“NRC-IRAP”) (see Ucore Press Release dated July 18, 2016).
As quoted in the press release:
“The range of metals resident in the Fort McMurray tailing management sites and the ongoing process flow are considerable,” said Jim McKenzie, President and CEO of Ucore. “Accessing this locked in non-petroleum value is a priority for the oil sands industry, and processors are looking to derive pre-existing value from the bitumen froth process. With a range of SuperLig® products already developed and cataloged, our objective is to apply this technology not just to REE and titanium, but a variety of other metals of potential value.”