E-Tech Resources Inc. is pleased to announce assay results for the first step-out diamond drill holes completed at the Eureka REE Project located in central Namibia. Highlights of the seven drill holes which intersected mineralization include: Drill Hole ED001: 2.1 % TREO over 2.0 meters from 219.0 meters Drill Hole ED002: 1.6 % TREO over 2.2 meters from 140.7 meters Drill Hole ED003: 2.6 % TREO over 1.0 meters from ...

E-Tech Resources Inc. (TSXV: REE) ("E-Tech" or the "Company") is pleased to announce assay results for the first step-out diamond drill holes completed at the Eureka REE Project ("Eureka" or the "Project"), located in central Namibia.

Highlights of the seven drill holes which intersected mineralization include:

  • Drill Hole ED001: 2.1 % TREO over 2.0 meters from 219.0 meters
  • Drill Hole ED002: 1.6 % TREO over 2.2 meters from 140.7 meters
  • Drill Hole ED003: 2.6 % TREO over 1.0 meters from 146.0 meters
  • Drill Hole ED004: 6.5 % TREO over 3.8 meters, including 11.2 % TREO over 2.2 meters, from 129.9 meters
  • Drill Hole ED006: 1.4 % TREO over 1.5 meters, including 3.5 % TREO over 0.6 meters, from 288.8 meters
  • Drill Hole ED007: 2.5 % TREO over 1 meter, from 94.2 m

A summary of the assay results received from the seven (7) diamond drill holes completed at Eureka is provided in Table 1.

Elbert Loois, CEO of E-Tech Resources Inc., commented, "The assay results received to date reveal an extension of the mineralization outside of the current resource estimate in several monazite bearing carbonatitic dykes. These results confirm the presence of these dykes to 160 meters vertical depth, while remaining open at depth and along strike. We plan to continue drilling as soon as possible. I congratulate the team with hitting the targets of the first 7 holes of this diamond drilling campaign, and we await assay results from the remaining 13 holes that have been drilled so far."

The drill holes are part of the Phase 1 resource expansion program across Zones 1, 2 and 3 which was completed in late September 2021 totaling 5,761 meters of diamond drilling (DD) in 20 holes. The assays reported are from seven of the twenty holes drilled. Figure 1 below indicates assays to date in colored dots and assays awaited are shown in white dots.

The Company also completed a Reverse Circulation (RC) drilling campaign in February 2021 totally 3306 meters in 23 holes with a total of an additional 1465 samples. The positioning of the Phase 1 diamond drilling together with the additional RC drilling is displayed in Table 2 below.

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FIGURE 1: Plan view of drilling at Eureka, Namibia and assays received status to date. The red dots and purple areas represent the current 2021 Mineral Resource Estimate (MRE). Hollow white dots and diamonds are assays pending. Blue diamonds are assays received.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6102/102790_fcc51689d4b38b1e_001full.jpg

A summary of the assay results received from the seven (7) diamond drill holes completed at Eureka is provided in Table 1.

2021 EXPLORATION DIAMOND DRILLING EARLY ASSAY RETURN
Hole From To Width (m) Grade TREO % X Y Location
ED001 194.0 195.0 1.0 1.0 526312 7562434 Zone 1
ED001 219.0 221.0 2.0 2.1
ED002 140.7 142.8 2.1 1.6 526457 7562605 Zone 1
ED002 230.5 231.6 1.1 0.7
ED002 271.9 273.2 1.3 2.2
ED003 146.0 147.0 1.0 2.6 526413 7562637 Zone 1
ED003 153.6 155.0 1.4 1.4
ED003 198.5 199.1 0.6 1.1
ED003 219.0 219.2 0.2 1.5
ED003 237.7 237.9 0.2 3.1
ED004 97.7 99.0 1.3 3.5 526499 7562575 Zone 1
ED004 107.2 111.0 3.8 1.1
Incl. 107.2 108.0 0.8 3.3
ED004 129.3 133.1 3.8 6.5
Incl. 129.9 132.1 2.2 11.2
ED004 180.7 183.7 3.0 1.2
Incl. 181.6 182.8 1.2 2.8
ED004 226.3 226.5 0.2 3.0
ED004 282.1 282.3 0.2 2.8
ED004 293.7 296.1 2.4 1.6
ED005 64.2 66.3 2.1 0.3 526262 7562457 Zone 1
ED006 288.8 290.3 1.5 1.4 526538 7562544 Zone 1
ED007 88.8 91.2 2.4 1.8 526168 7562712 Zone 2
ED007 94.2 95.2 1.0 2.5
ED007 98.3 100.0 1.7 1.0
ED007 163.1 164.6 1.5 1.6
ED007 214.2 214.7 0.5 1.7

 

1. Sample locations are provided in NAD83 UTM Zone 33S.

TABLE 1: Significant intercepts from the 2021 diamond drilling (DD) campaign. Additional results from holes ED008 to ED020 are awaited. Sample locations are provided in NAD83, UTM Zone 33S. Reported intercepts are drilled lengths while the true thickness of the mineralization is estimated to range between 60 and 80 per cent of the drilled lengths. Further drilling is necessary to establish the true thickness of the dykes.

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FIGURE 2 Coarse-grained monazite in dolomitic carbonatite at 131.5 meters in Hole ED004. Monazite crystals to 6cm and massive monazite marked as M.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6102/102790_etechenhanced.jpg

Assay results from ED004 located on Zone 1 has intercepted four monazite-bearing carbonatite dykes between drill depths 97.7 meters and 183.7 meters, with one dyke returned 4 meters @ 6.5% Total Rare Earth Oxide (TREO). These intercepts confirm expansion of Zone 1 mineralization down-dip of up to 160 meters outside the extent of the current 2021 Mineral Resource Estimate (MRE) for Eureka, and mineralization remains open towards the east. Figure 2 above shows visible coarse-grained monazite in dolomitic carbonatite.

Historical Exploration Highlights

Assay results from the 2017 reverse circulation (RC) drilling campaign are the basis of the current 2021 Mineral Resource Estimate (MRE) of 310 kt at 4.8% TREO, and highlights from that campaign are shown in Table 2 below. The current MRE is constrained to a maximum vertical depth of 60m.

2017 CURRENT RESOURCE RC DRILLING AREA 1
Hole From To Width (m) Grade TREO % X Y Location
EU001 7 8 1 1.7 526387 7562533 Zone 1
EU001 10 16 6 5.3
Incl. 12 15 3 7.0
EU001 19 24 5 1.9
EU002 8 11 3 6.4 526391 7562555 Zone 1
EU002 49 50 1 1.8
EU002 55 58 3 4.8
EU002 61 64 3 2.2
EU003 12 13 1 8.9 526414 7562513 Zone 1
EU003 22 25 3 3.4
Incl. 22 23 1 9.7
EU004 11 13 2 2.5 526448 7562491 Zone 1
EU005 16 27 11 7.0 526351 7562552 Zone 1
Incl. 17 20 3 12.8
EU008 12 17 5 2.7 526167 7562530 Zone 2
EU010 12 18 6 2.6 526144 7562520 Zone 2
EU012 31 36 5 5.2 526190 7562532 Zone 2

 

TABLE 2: Significant Intercepts from 2017 reverse circulation (RC) drilling campaign

Eureka Technical Disclosure

The Corporation produced its current Mineral Resource Estimate ("MRE") for the Eureka Project with an effective date of 2 August 2021. The MRE was prepared by SRK Consulting (Canada) Inc. ("SRK"). An Independent Technical Report titled: "Independent Technical Report: Eureka, Rare Earth Project, Namibia" was released on 15 September 2021 prepared by SRK, supporting the disclosure of the MRE, and is available on SEDAR and the Corporation's website.

Quality Assurance / Quality Control

All E-Tech sample assay results have been independently monitored through a quality assurance / quality control ("QA/QC") program including the insertion of blind standards, blanks and duplicate samples. QA/QC samples make up 10% of all samples submitted. Drill core is sawn in half on site and half drill-core samples are securely transported to the Activation Laboratories Ltd. sample prep facility in Windhoek, Namibia. The core is dried, crushed to 90% passing 2 mm, riffle splitting a 250 g sub-sample and pulverizing to 95% passing 105 µm. Sample pulps are sent to Activation Laboratories Ltd. in Ontario, Canada for analysis. REE analysis is by method 8-REE. Sample ground to 95%-200 mesh to ensure complete fusion of resistate minerals; lithium metaborate/tetraborate fusion; Analysis by ICP-OES and ICP-MS; and Mass balance calculated as an additional quality control technique to ensure complete analysis.

Qualified Person

Pete Siegfried, BSc. (Hons), M.Sc., is a Consulting Geologist and director of GeoAfrica Prospecting Services CC. and has reviewed and approved the scientific and technical information in this news release. Mr. Siegfried is a member of The Australasian Institute of Mining and Metallurgy (AusIMM) membership number: 221116 (CP Geology), and a Qualified Person for the purposes of National Instrument 43-101.

About E-Tech Resources Inc.

E-Tech Resources Inc. (TSXV: REE) is a rare earth exploration and development company focused on developing its Eureka Rare Earths Project in Namibia. The Eureka Project is located approximately 250 km north-west of Namibia's capital city Windhoek and 140km east of Namibia's main industrial port Walvis Bay. The project is situated next to the national B1 highway in the Erongo Region of Namibia. The Eureka deposit lies in the Southern Central Zone of the Neoproterozoic Damara Belt within Exclusive Prospecting Licence ("EPL") number EPL 6762; which covers Eureka Farm 99 and Sukses Farm 90. Namibia is recognized as one of Africa's most politically stable jurisdictions, with an extremely well-established national infrastructure and a clear and transparent mining law. The Corporation continues to assess new project opportunities and expand its Southern African portfolio.

Further details are available on the Corporation's website at www.etech-resources.com or contact Elbert Loois, CEO of E-Tech Resources Inc., at +1 (902) 334 1949.

Cautionary Statements
This press release may contain forward-looking information, such as statements regarding the completion of the work in Namibia by E-Tech and future plans and objectives of E-Tech. This information is based on current expectations and assumptions (including assumptions in connection with the continuance of the applicable company as a going concern and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict, including risks relating to the ability to satisfy the conditions to completion of exploration programs and work in Namibia. Actual results may differ materially from results suggested in any forward-looking information. E-Tech assumes no obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings made by E-Tech with Canadian securities regulators, copies of which are available at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102790

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USFS Issues Authorization for Ucore's Bokan-Dotson Ridge Sampling Program

  • Ucore conducted Bokan field mapping work in September 2021
  • Ucore to conduct the Bokan channel and bulk sampling program during the Summer 2022 field season
  • All required state and federal permits are now in hand for the Summer 2022 field season

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that on November 10, 2021, the United States Department of Agriculture's Forest Service (the "USFS") issued a 1-year authorization for Ucore to commence with the Dotson Ridge 2021 Surface Exploration Project Plan of Operations (the "Project"). The Company has elected to conduct the sampling work during next summer's field season and now has all required state and federal Project permits for this work.

On May 12, 2021, Ucore announced the Project to upgrade its Bokan-Dotson Ridge heavy rare earth element ("HREE") mineral resource, disclosed in accordance with National Instrument 43-101 ("NI 43-101"), with a budget of approximately $400,000. The Project is expected to result in converting approximately 17-20% of the mineral resource to a new Measured mineral resource category; with over 90% of the new Measured material being drawn from currently Indicated mineral resource material and 10% from currently Inferred mineral resource material. This will be accomplished through the execution of approximately 50 additional channel samplings along the ≈2 km of exposed vein outcroppings of the Dotson Ridge Zone. Secondly, the Company will conduct bulk sampling activities to obtain ≈50 tonnes of additional mineralized material to facilitate prospective pilot-scale testing of its metallurgical recovery methods currently under laboratory-scale finalization at SGS Canada's Lakefield facility.

In September 2021, Ucore's COO, Mike Schrider, and Aurora Geosciences' General Manager, Alaska, Jim Robinson, P.Geo., conducted field mapping work to physically identify the two bulk sample areas and to coordinate next summer's field activities. Both of these activities are to ready the Company to conduct a Pre-Feasibility Study ("PFS") and/or a Feasibility Study ("FS") in the near future as the REO market continues to indicate a steady increase in response to the advent of the global adoption of electric vehicles ("EVs").

The Bokan Mountain Complex has approximately nine different historical REE mineralization zones[i] but only one of these, the Bokan-Dotson Ridge Zone, has been the focus of Ucore's rare earth mineral resource development. The Bokan-Dotson Ridge mineral resource remains open down-dip and along strike. After the Summer 2022 fieldwork is completed, the Company intends to conduct any additional exploration activities concurrently with prospective mine development activities.

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Figure 1- Bulk Sampling Marking of REE Vein Outcroppings at Bokan-Dotson Ridge, September 22, 2021

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1119/103904_d3bee94b542a380e_001full.jpg

"The long-term development of Bokan is a fundamental tenet of our Alaska 2023 Plan, and Ucore is committed to the establishment of a heavy rare earth element mineral reserve and eventual mine at the Bokan-Dotson Ridge project," said Ucore VP & COO, Mike Schrider, P.E. "While we have the long-term development of the Bokan Mountain Complex in our sights, we are also committed to the near-term development of a comprehensive US-centric rare earth element supply chain. In our view, this starts with the development of the environmentally sound and technologically efficient Alaska Strategic Metals Complex ["SMC"] rare earth processing facility based on RapidSX™ separation technology. And the concurrent development of the accompanying infrastructure required to support the upstream and downstream elements of this emerging supply chain through the association of key industry suppliers, partners, and customers."

The advancements at Bokan are just one of many steps in the development of the ALASKA2023 Plan that Ucore is currently progressing, including:

  • Through its wholly owned subsidiary Innovation Metals Corp. ("IMC"), commercial demonstration and deployment of the RapidSX™ separation technology platform
  • Securing third-party allied-sourced feedstock for the Alaska SMC (see Ucore's October 19, 2021, news release regarding the MOU with Vital Metals)
  • Engineering planning for the Alaska SMC REE separation & purification plant founded on modern RapidSX™ technology
  • Securing offtake agreements for the sale of rare earth oxides
  • Forming strategic alliances for the production of rare earth metals and oxides
  • Working with prospective partners for various sources of project funding:
  • Engineering and testing for the Bokan-Dotson Ridge Zone mill flowsheet
  • Community and stakeholder engagement to ensure prudent environmental, social and corporate governance ("ESG") activities

###

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, Ucore's vision includes disrupting the People's Republic of China's ("PRC") control of the US REE supply chain through the development of a heavy rare-earth processing facility - the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore's heavy rare earth element mineral resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF".

For further information, please visit www.ucore.com.

Qualified Person

Ronald James (Jim) Robinson, B.Sc., P.Geo., an independent geologist and General Manager of Aurora Geosciences (Alaska) Ltd. of Juneau, Alaska, has prepared the technical data provided in this news release and is the qualified person responsible for its accuracy.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements" regarding, among other things, the Company's ALASKA2023 Business Plan as well as the upcoming prospective financing activities involving the Company and AIDEA. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events, or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results and actual results or developments may differ materially from those in forward-looking statements. In regard to the disclosure in the "About Ucore Rare Metals Inc." section above, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to IMC, as suppliers for Ucore's expected future Alaska Strategic Metals Complex ("Alaska SMC"). Ucore has also assumed that sufficient external funding will be found to prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Elements project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be secured to develop the specific engineering plans for the Alaska SMC and its construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: Innovation Metals Corp. ("IMC") failing to protect its intellectual property rights in RapidSX™; RapidSX failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC and/or the continued development of RapidSX; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT

Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
902.482.5214
mark@ucore.com

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E-Tech Resources Inc. Grants Incentive Options

E-Tech Resources Inc. Grants Incentive Options

E-Tech Resources Inc. (TSXV: REE) ("E-Tech" or "Company") is pleased to announce that it has granted 3,175,000 incentive stock options under the Company's Stock Option Plan ("Plan") to officers, directors and consultants, of which, 2,450,000 of the total options granted were granted to officers and directors. The Plan permits issuance of an aggregate of 8,297,153 common shares.

Each option is exercisable into one common share at a price of $0.55 per share and will vest at the rate of 25% of the total on each of the six, twelve, eighteen and twenty-four month anniversary of the grant date. The options will expire five years from the date of grant. All other terms and conditions of the options are in accordance with the terms of the Plan.

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E-Tech Resources Inc. Announces Trading on the TSX-V and Presents Technical Disclosure on Rare Earth Element Project in Namibia

E-Tech Resources Inc. Announces Trading on the TSX-V and Presents Technical Disclosure on Rare Earth Element Project in Namibia

E-Tech Resources Inc. (TSXV: REE) (formerly Battery Road Capital Corp.) ("E-TECH" or the "Corporation") is pleased to announce its listing on the TSX-V. At this time the Corporation is pleased to present a technical disclosure of its Eureka rare earth element project in Namibia, as addressed in its Management Circular Information release as of  September 17, 2021.

The Corporation produced its current Mineral Resource Estimate ("MRE") for the Eureka Project with an effective date of  August 2, 2021. The MRE was prepared by SRK Consulting (Canada) Inc. ("SRK"). An Independent Technical Report titled: "Independent Technical Report: Eureka, Rare Earth Project, Namibia" was released on  September 15, 2021 prepared by SRK, supporting the disclosure of the MRE, and is available on SEDAR and the Corporation's website.

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IIROC Trading Resumption - UCU

Trading resumes in:

Company: Ucore Rare Metals Inc.

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Ucore and Vital Metals Execute Feedstock Supply MOU for the Alaska SMC

Highlights

  • Ucore is developing the Alaska SMC for the processing of rare earth elements in Southeast Alaska
  • Vital Metals is producing rare earth concentrate from its Nechalacho rare earth project in NWT, Canada
  • Vital Metals is constructing a Rare Earth Extraction Plant to produce a mixed rare earth chemical concentrate in Saskatoon, Saskatchewan from the Nechalacho deposit
  • The Alaska SMC is planned to commence production of up to 2000 tonnes per annum (tpa) of individual rare earth oxides from US-allied feedstock by H1-2024
  • Vital Metals is expected to commence the supply of a minimum of 500 tpa of a cerium depleted concentrate to Ucore in 2024; expandable to over 2,500 tpa by 2026

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the execution of a Memorandum Of Understanding ("MOU") setting forth certain nonbinding understandings and binding agreements between Ucore and Vital Metals Limited (ASX: VML) ("Vital Metals" or "Vital") (collectively the "Parties"). The MOU is the first step towards the establishment of a long-term supply agreement for the delivery of mixed rare earth chemical concentrate ("MREC") from Vital Metals' Nechalacho project to Ucore's planned Alaska Strategic Metals Complex ("Alasks SMC") in Ketchikan, Alaska. The MREC will be shipped from Vital's Saskatoon, Saskatchewan, Rare Earth Extraction Plant which is expected to enter into production in 2022.

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The following issues have been halted by IIROC:

Company: Ucore Rare Metals Inc.

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