Post MRT Production Circuits

HALIFAX, NOVA SCOTIA--(Marketwired - Dec. 7, 2016) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to update on development work regarding the Company's recently announced US Strategic Metals Complex (the "SMC" or the "Plant") joint venture with IBC Advanced Technologies of American Fork, Utah ("IBC") (see Ucore Press Release dated Nov. 15, 2016).

IBC has retained a European engineering firm ("EEF") to assist in the detailed engineering of the non-MRT circuits of the SMC. The EEF will be designing several components of the pre-MRT dissolution and post-MRT salt making portions of the facility, utilizing advanced complimentary technology. While site selection of the SMC progresses, the European Engineering Firm has been furnished with design parameters for an approximate 25,000 square foot facility near transportation corridors. The SMC facility design proposes to include a zero-waste discharge beneficiating plant and high purity metals refinery.

"The EEF brings a significant expertise in the refining and metallurgy of precious metals, and a highly-specialized background in Platinum Group Metals ("PGM's")," said Jim McKenzie, President and CEO of Ucore. "The MRT components of the plant are critical to isolating high value PGM's, more selectively, rapidly and economically than traditional technologies. The engineering contractor will be designing the complementary non-MRT circuits to accommodate the input and output of the SuperLig® process, deriving PGM sponge materials and salts of high demand in the US. We welcome their expertise to this important design function."

Ucore is examining a number of competing supply channels for the SMC, with highest priority on domestic sources of feedstock rich in clean energy metals of high demand in US markets.

Phase One PGM Processing

Phase One of the SMC development will focus on the extraction of high purity PGM's from supply sources within the recycling sector. PGM's are used extensively in OEM component manufacturing. The EEF has been retained primarily to assist in the design of the Phase One PGM processing facility, addressing processes for the early stage dissolution of smelted PGM-bearing feedstock, and late stage preparation of PGM salts customized for use by manufacturers.