Ucore Updates on Preparations for SuperLig(R)-One Pilot Plant - Seite 2

"We're excited to be in a position to demonstrate the use of the SuperLig® platform for the separation at pilot scale of such critically required military, technology and industrial metals", said Jim McKenzie, President and CEO of Ucore. "The maiden run of SuperLig®-One appears to represent the first time that strategic metals such as dysprosium, terbium and europium have been produced on US soil using American feedstock, both individually and at high purity. The use of a domestic intellectual property to produce critical domestic materials demonstrates an emerging ability to establish a stand-alone rare earth supply chain in the West, independent of increasingly unpredictable Chinese sources. The unveiling of SuperLig®-One ranks high on the list of Ucore's accomplishments to date, and we're proud to deliver this milestone to our shareholders and prospective customers."

The initial test phase of the SuperLig®-One facility has been engineered to accept REE feedstock from the US-based Bokan Project. Subject to modifications at the pre-processing stage, the pilot plant's modular design can be reconfigured to accept feedstock from alternative sources of rare earths and other metal feedstocks from potential sources around the globe.

Ken Collison, COO of Ucore, has approved the scientific and technical content of this news release and is the Qualified Person responsible for its accuracy.

Background

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. 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").