Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company focused on rare earth element (“REE”) resource development and precious metal commercialization, recently provided an update on the commissioning process for its RapidSX(TM) Demonstration Plant for the separation of heavy and light REEs. “Ucore’s vision includes becoming a leading advanced technology company that provides the best-in-class metal separation products and services to the mining and mineral extraction industry. The company also plans to aid in developing the North American REE supply chain controlled by the U.S. and its allies through strategic partnerships,” a recent article reads. “Innovation Metals Corp., which was acquired by Ucore in 2020, developed the RapidSX(TM) technology – with early-stage assistance from the United States Department of Defense. This has resulted in the production of commercial-grade, separated REE at the pilot scale. Utilizing chemistry similar to traditional solvent-extraction (‘SX’) technology, RapidSX(TM) is not ‘new’ technology but rather a significant improvement on well-established, well-understood and proven conventional separation technology preferred by leading REE producers.”

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About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth and scalability. Ucore has an effective 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People’s Republic of China’s control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the U.S. state of Louisiana, subsequent SMCs in Alaska and Canada and the longer-term development of Ucore’s heavy-rare-earth-element mineral-resource property at Bokan Mountain on Prince of Wales Island, Alaska. Ucore is listed on the TSXV under the trading symbol UCU and in the United States on the OTC Markets’ OTCQX(R) Best Market under the ticker symbol UURAF. For further information, please visit https://ucore.com/corporateupdate.

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