Ucore: State of Alaska reports support for Expedited Permitting & Production

Ucore Uranium reports the Alaska State House of Representatives has unanimously passed a House Resolution in favor of expedited permitting and production of heavy rare earth resources at Ucore’s Bokan Mountain project, southeast Alaska.

The Resolution, sponsored by Representative Craig Johnson, Co-Chair of the Alaska State House Resources Committee, acknowledges the United States’ reliance on China for the supply of rare earth elements, the technological importance of these elements, in particular heavy rare earth elements (“HREE’s”) such as terbium and dysprosium, and the relative skew of mineralization found at Bokan towards these scarce and highly sought after metals. In addition, the resolution demonstrates the House’s support of the recently tabled RESTART Act, which has been introduced to the United States Congress by Congressman Mike Coffman, R-Colorado. The RESTART Act proposes support for the development of a rare earth element supply chain within the U.S. Full text of Resolution 16 can be found at the following link:

https://www.legis.state.ak.us/PDF/26/Bills/HR0016A.PDF

Jim McKenzie, President and CEO of Ucore says:

“We’re very pleased to see such direct political support for the advancement of the Bokan project.”  “The recent GAO Report on Rare Earth Metals in the Defense Supply Chain has highlighted the near term need for a sustainable supply chain of heavy rare earths in the U.S., both for critical American national defense and industrial applications. In turn, the unanimous support of the Alaska State House of Representatives will be invaluable to expediting prospective near term production of HREE’s at Bokan to meet that near term need. The Bokan project is one of very few heavy rare earth enriched deposits in the U.S., and is considered by many to be the nearest such deposit to production on U.S. soil, outside of HREE byproduct from Molycorp’s primarily light rare earth enriched deposit at Mountain Pass. We look forward to working with the State of Alaska to bring Bokan into production with as little delay as possible.”

For complete news release, click here.

For Ucore’s company profile, click here.