Ucore/IBC Commission Engineering of Pre/Post MRT Production Circuits - Seite 2

Phase One refinery is being scoped for a combination of 99.95% rhodium, 99.98% palladium and 99.98% platinum sponge metal and specialty salts. The MRT section of the PGM processing facility is being designed to be fully automated. The MRT circuit will additionally be adjustable to varying PGM concentration levels contained in the smelted metal alloy from varying feedstock locations.

Phase Two REE Processing

Phase Two of development will focus on the extraction of Rare Earth Elements (REE) prospectively from the magnet manufacturing refuse, swarf, and end-of-life electronics sectors. REE such as neodymium, terbium, and praseodymium are used extensively in the US military, transportation and high technology sectors. Engineering of the Phase Two REE refining operation is planned for commencement after completion of Phase One design work. The Company is currently considering multiple alternative sources of REE supply, primarily with domestic points of origin. While the REE facility will be built on a modular design platform, allowing for the processing of disparate supply sources over time, the Company expects that the REE separation circuit will be initially tailored to a select primary source.

The Phase Two REE facility will be a direct beneficiary of the successful SuperLig®-One pilot plant engineering and production effort completed earlier this year. This effort resulted in the successful separation of REE based from Pregnant Leach Solution (PLS) from derived from Ucore's Bokan-Dotson Ridge project (see Ucore Press Releases dated June 7, July 5, Aug. 15 and Sept. 26 2016).

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 the Bokan project. 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").

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Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
[phone]
http://www.ucore.com