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Ucore Rare Metals Secures Rights to REE Separation Technology
Mar. 04, 2015 04:33AM PST
Critical MetalsMining Weekly reported that Ucore Rare Metals Inc. (TSXV:UCU) has secured the rights to new minerals separation technology that has immense potential for all future rare earths projects.
Mining Weekly reported that Ucore Rare Metals Inc. (TSXV:UCU) has secured the rights to new minerals separation technology that has immense potential for all future rare earths projects.
As quoted in the market news:
The company also announced that it had secured the rights to a new minerals separation technology that had far-reaching potential for all future rare earths projects, in that it was able to separate the entire lanthanide suite, from lanthanum to lutetium, including yttrium and scandium.
Under the terms of the licence agreement, Ucore had agreed to pay a one-time licensing fee of $2.9-million to IBC, subject to IBC delivering a fully operational rare earths SuperLig pilot plant and Ucore due diligence. The pilot plant would be constructed at IBC subsidiary SepraMet, in Houston, Texas.
Ucore’s president and CEO, Jim McKenzie, stated:
This is an important step for Ucore in obtaining the capabilities of an integrated provider of rare-earth products from mine to metal. MRT is a remarkable technology, already used extensively around the world in non-REE mining applications, where advanced SuperLig circuits are currently used to liberate high-purity [platinum-group metals] and specialty metals.