Epstein-Research Blog | Interview: Ucore Rare Metals; REE Separation Pilot Plant Within 60 Days | Talkmarkets
Founder, Chairman, CEO, President, Treasurer, Analyst at Mockingjay, Inc.
Contributor's Links: Epstein Research

In 2011 Peter Epstein, CFA, left a $3 billion hedge fund where he was a senior natural resources analyst to help increase awareness of a number of natural resource companies in which he's invested in. 


Interview: Ucore Rare Metals; REE Separation Pilot Plant Within 60 Days

Date: Monday, February 1, 2016 11:40 AM EDT

The following interview of Ucore Rare Metals {TSX-V: UCU/ {OTC: UURAF} Chief Operating Officer Ken Collison was conducted in the week ended January 29, 2016. In this wide-ranging discussion, Mr. Collison expresses his view, shared by senior management, that the Company is just 2-3 months from demonstrating, at pilot scale, an exciting Rare Earth Element(s), “REE” selective separation technology. This is very important as an essential part of the Ucore investment proposition centers on  this advanced separation process, Molecular Recognition Technology, “MRT.” However, not everyone agrees that a revolutionary technology is at hand, nor that the purported breakthrough can live up to its lofty expectations. 

Readers can decide for themselves by reviewing this interview, and supplementing it by clicking on useful links at the bottom of the page. 

Screen Shot 2016-01-28 at 10.35.15 PM

Can we get an update on the status of the Bokan Dotson-Ridge project

Ken Collison: Sure. In May we upgraded & increased the resource estimate, an additional 1 million metric tonnes of Inferred mineralization was included. Importantly, 98% of the previously reported resource was upgraded to the NI 43-101 compliant Indicated category. We were happy to confirm that our skew of about 40% (by weight) to Heavy Rare Earth Element(s), “HREE” remains consistent across the entire deposit.

We continue to make progress at Bokan on a timeline and budget we feel prudent. We are collecting the baseline environmental data required for permitting. It helps considerably that both Randy MacGillivray, (VP Project Development) and I have extensive experience working in Alaska. Based on ongoing interactions with constituent groups, we think support for the project is strong. We believe that the Alaskan legislature’s unanimous vote to extend a low-cost loan to Ucore for up to US$ 145 million is further evidence of support. [NOTEThe Alaska Industrial Development & Export Agency would need to complete due diligence before the proposed loan is finalized]

Perhaps most important, we’re using Bokan feedstock for proof of concept of our Molecular Recognition Technology,“MRT.” MRT is a proven technology that’s been used in mining for decades. Only now is it being brought into the REE space. If MRT proves effective at separating REE’s from Bokan material at pilot scale, it will be ready for deployment on feedstock from around the globe.

Bokan has a 40% skew towards Heavy Rare Earth Elements, “HREE,” how does that compare to peers?

1 2 3 4
View single page >> |
Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.


Leave a comment to automatically be entered into our contest to win a free Echo Show.