Epstein-Research Blog | Processing #REE Outside Of China, Will Ucore Rare Metals Have An Answer? | Talkmarkets
Founder, Chairman, CEO, President, Treasurer, Analyst at Mockingjay, Inc.
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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. 


Processing #REE Outside Of China, Will Ucore Rare Metals Have An Answer?

Date: Tuesday, April 26, 2016 4:14 PM EDT

Processing #REE Outside of China, Will Ucore Rare Metals Have an Answer?

by  Peter Epstein, CFA, MBA of   EpsteinResearch   epstein.peter4@gmail.com  @peterepstein2 

Ucore Rare Metals [TSX-V: UCU] / [OTC: UURAF) continues to make meaningful strides in the potential commercialization of its Molecular Recognition Technology (“MRT”) platform. The most important updates on the SuperLig®-One REE separation pilot plant (“pilot plant”) were the completion of construction, on time and on budget, and subsequent commissioning

As promised, Pregnant Leach Solution (PLS) from Ucore’s Bokan Mountain (H)REE project in Alaska will be the first to be processed. With the pilot plant commissioned and undergoing testing, Ucore is now pursuing a large number of leads across a range of potential applications. Management assures me that there are far more inquiries pouring in, than sales calls going out.

Screen Shot 2016-04-25 at 1.37.16 PM

That’s due to Ucore’s 60%/40% JV with privately held technology partner IBC Advanced Technologies, Inc., allowing for exclusive use of MRT both inside and out of the REE realm. Diverse applications include inserting MRT directly into currently operating facilities, recycling and tailings remediation and the separating other metals such as lithium. Ucore is also evaluating a number of opportunities beyond these potential end uses. [Photos of completed Pilot Plant]

Ucore CEO, Jim McKenzie, has commented that,

“Our SuperLig technology has a broader scope of applications than most investors can appreciate right now. Yes, we’ve invented a better mousetrap for the separation of rare earths, which is an outstanding accomplishment in isolation. But the MRT platform is effective for the vast majority of technology metals, including lithium, tungsten, cobalt and PGM’s. So, our growth pathways across multiple resource industries are wide and deep.”

Are the tides turning for natural resource industries?

The timing of the pilot plant could prove to be fortuitous, as many natural resource industries are showing signs of improvement. For instance, oil prices have bounced 60%, from a brief stop at $27/bbl (WTI Crude), and the benchmark iron ore price is up about 75% from its December low. But lithium is the metal that’s captured the world’s attention, the price of which is reported to have more than tripled in the past 6 months.

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