Ucore Consortium Wins USDOE Bid for Rare Earths from Coal Industry
Ucore Rare Metals (TSX VENTURE:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce that a strategic consortium organized to recover rare earth element (“REE”) products from coal mining refuse in the United States (the “Consortium”) has been selected by the US Department of Energy (“USDOE”) for the receipt of funding to produce a saleable REE …
Ucore Rare Metals (TSX VENTURE:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce that a strategic consortium organized to recover rare earth element (“REE”) products from coal mining refuse in the United States (the “Consortium”) has been selected by the US Department of Energy (“USDOE”) for the receipt of funding to produce a saleable REE oxide from US coal tailings.
The Consortium has been awarded $US 1 million to source, beneficiate, concentrate, and separate REE from US-based coal mining refuse (the “Grant”). The metal separation and purification process will utilize Molecular Recognition Technology (“MRT”), an American clean energy technology.
The Consortium is comprised of Ucore in cooperation with IBC Advanced Technologies, Inc. of American Fork, Utah (“IBC”), Equinox Chemicals, LLC of Albany, Georgia (“Equinox”) and Physical Sciences Inc. of Andover, Massachusetts (“PSI”).
Jim McKenzie, President and CEO of Ucore, commented:
“The USDOE recognizes that the demand for REE has grown significantly in recent years. That unrelenting demand, in combination with the current US dependence on China for strategic metals, has stimulated an interest in economically feasible approaches to a domestic REE supply chain.
This initiative is in keeping with our strategy of developing a US-based Strategic Metals Complex, and we’re delighted to advance this opportunity.”
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1809.91 | -0.13 | |
Silver | 19.89 | +0.03 | |
Copper | 3.61 | -0.10 | |
Palladium | 1965.07 | +9.98 | |
Platinum | 891.26 | +2.98 | |
Oil | 108.46 | +2.70 | |
Heating Oil | 3.96 | +0.13 | |
Natural Gas | 5.62 | 0.00 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.