Ucore Enters into Strategic Partnership with Metallium Limited - Seite 2

Collaboration Scope

Under the agreement, Metallium and Ucore will:

• Collaborate on integrating Metallium's FJH-based chloride upgrading technology with Ucore's RapidSX™ separation platform across a wide range of feedstocks. The collaboration will explore opportunities to bypass conventional acid-leach circuits by converting REE-bearing feedstocks into enriched mixed rare earth chlorides ("MRECℓ or "EMRECs").
• The parties will also investigate the recovery of the highly strategic heavy REE terbium (Tb) and other high-value elements from lighting waste and phosphor powders and separately undertake joint R&D on recovering non-REE metal chlorides such as Au, Sb, Sn and Cu from e-waste brines.

Next Steps

• The collaboration will advance through a staged program of test work and pilot operations. In the first stage, bench-scale testing will focus on processing Ucore-supplied rare earth concentrate through Metallium's FJH system to produce mixed REE chlorides; the conversion of magnet scrap into chlorides containing neodymium, praseodymium, dysprosium and terbium; and the extraction of terbium from lighting waste.
• In the second stage, pilot-scale production will involve pilot campaigns to produce mixed REE chlorides (MRECℓ) for processing at Ucore's Commercial Demonstration Plant in Kingston, Ontario, Canada.
  • This second stage will include the processing of mixed metal chlorides derived from e-waste processed using FJH.

Figure 1: Ucore Chief Operating Officer Michael Schrider & Flash Metals USA (FMU) President Steve Ragiel at FMU's lab in Texas

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Metallium Managing Director & CEO, Michael Walshe, commented: "Ucore is constructing one of the most advanced REE downstream separation facilities in North America, and this strategic agreement positions us a key participant in that supply chain. Our FJH platform can help unlock feedstocks that are currently stranded or heavily discounted, especially those rich in heavy REEs."

Ucore Chairman & CEO, Pat Ryan, commented: "We are excited to explore the integration of Metallium's metal recovery platform with our RapidSX™ This collaboration directly supports the U.S. Government's strategic objective of developing Western-aligned separation capabilities that are scalable, flexible, and feedstock-agnostic. Our goal is to deliver consistent, high-purity rare earth outputs suitable for critical defense and commercial applications."