logo-loader
viewUcore Rare Metals Inc.

Ucore reports initial 60.3m lb rare earths resource at Bokan Mountain

rareearthsore350.jpg

Ucore Rare Metals (CVE:UCU)(OTCQX:UURAF) announced today the maiden NI 43-101 compliant resource estimate for its Bokan Mountain rare earths element project in Alaska.

At a cut-off grade of 0.5% total rare earth oxide (TREO), the project is estimated to host an inferred mineral resource of 3.7 million tonnes grading 0.75% TREO, with 39% of the TREO comprising the higher value heavy rare earth oxides.  That equates to 60.3 million pounds of contained TREO.

"Ucore is now positioned as the 100% owner of America's only primarily heavy rare earth enriched deposit with an NI 43-101 compliant resource," said CEO Jim McKenzie.

Heavy rare earths such as dysprosium and terbium are critical materials that the U.S. requires to effectively compete, especially in the defense, high technology and clean energy arenas.

The Bokan resource begins at surface and is open both at depth and to the east, Ucore said.

The company also noted that mineralogical and metallurgical research is underway to add to an upcoming scoping study of the deposit.

Quick facts: Ucore Rare Metals Inc.

Price: 0.15 CAD

TSX-V:UCU
Market: TSX-V
Market Cap: $61.57 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

ioneer Ltd's Bernard Rowe hails new boric acid distribution and sales agreements

ioneer Ltd's (ASX:INR) Bernard Rowe speaks to Proactive's Andrew Scott after securing two distribution and sales agreements for the supply of boric acid from its Rhyolite Ridge Lithium-Boron Project in Nevada, USA. The three-year boric acid distribution and sales agreements were signed with...

5 hours, 2 minutes ago

2 min read