Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan–Dotson Ridge Rare Earth Element (REE) project (“Bokan REE Project”) in Alaska. The Bokan REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.
Rare Earths include the unique elemental suite known as the (REEs) and a select group of specialty metals produced primarily for technology applications. At Ucore, its focus is on Heavy REEs (a class of REEs known for their high value relative to other REEs) and collateral metals often found in concert with REE deposits. Collectively, this group represents a resource sub-sector experiencing unprecedented growth in global demand, combined with critical issues of near term supply and a correspondingly high potential for return on investment.
Bokan REE Project, Alaska
Ucore's flagship Bokan REE project is located at Bokan Mountain on the southern most part of the Alaskan panhandle, on the southern end of Prince of Wales Island. It is approximately 60 km southwest of Ketchikan and 130 km northwest of Prince Rupert. The Bokan Mountain project covers 30 sq. km (19 sq. miles).
The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements Dysprosium, Terbium and Yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earths elements, as disclosed in the Company's NI 43-101 compliant resource estimate, released in March of 2011.
Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies with near term potential for production, growth and scalability. On March 3, 2015, Ucore announced the right to acquire a controlling ownership interest in the exclusive rights to IBC SuperLig® technology for rare earths and multi-metallic tailings processing applications in North America and associated world markets. The Company has a 100% ownership stake in Bokan-Dotson Ridge (“Bokan”), the highest grade heavy rare earth project within the United States based on NI 43-101 standards. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency (“AIDEA”).
Top 10 Advantages
Near Term Drivers
Ucore's hub and spoke growth model services multiple specialty metals sectors across the clean tech spectrum and beyond. The Company has over 60 SuperLig® products in its industrial catalogue, targeting such high demand metals as lithium, cobalt, rare earth metals, and many more.
With the demand for technology metals rapidly expanding across world markets, the growth opportunity for SuperLig® applications is truly global in nature. The Company is entering production phase development, with a modular REE & PGM production plant under development. Site selection procedures are well underway and Ucore released an update on February 8, 2017 outlining the completion of Phase One engineering for the U.S. Strategic Metals Complex (SMC). Intermediate-term plans include deploying and marketing the entire SuperLig® industrial and specialty metals catalogue over a three-year growth horizon.
Management and Directors
James (Jim) McKenzie, B.Comm., President and Chief Executive Officer
Mr. McKenzie is an entrepreneur with over 25 years' experience managing, owning and operating companies within the Canadian private and public equity sectors. He has been active in the resource sector and associated capital markets since 2007, raising in excess of $50 Million in investment capital. From 2002-2006, he was President of Worldmax Inc.
Peter Manuel, CA, B.Comm., Vice President, Chief Financial Officer and Corporate Secretary
Mr. Manuel has more than 17 years experience providing consulting services to companies in a range of sectors, with a focus on the financial services and resource sectors.
Mark MacDonald, B.Comm., Vice President of Business Development
Mr. MacDonald has over 25 years experience implementing award winning business development and marketing programs at a regional and national level.
Randy MacGillivray, P.Geo., B.Sc., Vice President of Project Development
Mr. MacGillivray has over 25 years experience in the mining industry, specializes in project planning and development studies, consultation, permitting, compliance, and water quality treatment strategies.
Michael Schrider, P.E., Vice President of Operations
Since 1989, Mr. Schrider has been involved in manufacturing, engineering and managing complex structural and mechanical systems projects. He was the founder and president of Schrider & Associates, Inc. (SAi) and Alton Bay Design, LLC (ABD).
Brendon Ferguson, CA, BBA, Controller
Mr. Ferguson has extensive experience in both Canadian and US accounting standards, mergers and acquisitions, and internal control environments.
Pat Ryan, B.Eng., Chairman of the Board of Directors
Mr. Ryan is the Founder of Neocon International. He was V.P. Operations of Plastics Maritime Ltd. and Design Engineer for T.S.Simms and Company.
Dr. Jaroslav Dostal, P.Geo., Director
Steven Meister, Director
Geoff Clarke, Director
Dr. Reed M. Izatt, Advisory Board Member
Dr. Jean-Marie Lehn, Advisory Board Member
Steven R. Izatt, Advisory Board Member
Randy Johnson, Advisory Board Member
Frank Högel, Advisory Board Member
Jos De Smedt, Advisory Board Member
Please refer to Ucore's website www.ucore.com for complete biographies
On May 25, 2017, Ucore Rare Metals Inc. has commented on recent initiatives by the U.S. government to assist in the development of strategic metals mining and separation in the United States. The Consolidated Appropriations Act, 2017, which has been signed into law in May, includes a significant authorization of funds for the processing and acquisition of strategic metals from tailings on U.S. soil, and directly addresses the Bokan project in southeast Alaska.
The U.S. government's dedication of over $20-million (U.S.) in fiscal 2017 to projects which are directly aligned with Ucore's Strategic Metals Complex (SMC) facilities and our strategy of tailings processing/monetization is well timed,” said Jim McKenzie, president and chief executive officer of Ucore.