Ucore Rare Metal Begins Work on Operational Plan for Bokan-Dotson Ridge Rare Earth Project

Ucore Rare Metals Inc. (TSXV:UCU, OTCQX:UURAF) announced that work has begun to develop the Initial Plan of Operations  for the Bokan-Dotson Ridge Rare Earth Project in Southeast Alaska.

As quoted in the press release:

Third party engineering firms have been contracted to advance the preliminary designs of the engineered facilities as set out in the Company’s recently-issued Preliminary Economic Assessment( PEA; January 15, 2013). The results of these engineering studies will be used to finalize the Plan of Ops, which will include a proposed footprint of the Project site. The successful completion of the Plan of Ops will trigger the permitting process, an important milestone in mine development.

Ucore’s President and CEO, Jim McKenzie, said:

The development of the Plan of Operations is a significant step forward for the Project and submitting the document to the USFS to initiate the NEPA review will be an important milestone for the Company. We’re looking forward to the completion of the NEPA review process, and obtaining the Record of Decision, in order to initiate construction of the Project.

To view the whole press release, click here.