Ucore Advances Alberta Oil Sands Concentrate

Ucore Rare Metals (TSX VENTURE:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to report on the advancement of its joint venture for the recovery of high value metals from Alberta oil sands process tailings.

In 2016, Ucore announced that it has partnered with a Major Alberta Oil Sands Producer (“MOSP”). The MOSP has developed a commercial process for the production of a metals-enriched concentrate from Alberta oil sands (the “Bitumen Metals Extraction” or “BMX” process).

The BMX process produces a concentrate highly enriched in titanium, rare earth elements (“REE”), vanadium and a host of other valuable specialty metals from oil sands bitumen froth. Further in 2016, the MOSP selected Molecular Recognition Technology (“MRT”) as the preferred development platform to accept output from the BMX process, and to separate high purity metals suitable for industrial transport and sale.

In 2017, Ucore announced that it had successfully produced three classes of Pregnant Leach Solution (“PLS”) from the BMX concentrate.

The PLS production process utilizes a customized leach procedure to render Hydrochloric PLS, Nitric PLS and Sulphuric PLS (the “Bentzen Process”).

Each of the three laboratory samples generated by the Bentzen Process are now being subjected to a series of factorial designed studies to select an optimized PLS to be progressed to pilot scale testing with MRT.

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