Ucore is advancing Molecular Recognition Technology (MRT) to separate heavy rare earths which are found at their 100% owned Bokan Mountain Property in Southeast Alaska. MRT has been used in mining processing since the 1980's and now Ucore is adapting the technology which produces ligands to attract the critically scarce heavy rare earths from waste. They have ligands for all the rare earths and scandium. Ucore management has seen MRT in use on the commercial level at a major copper mine. Ucore management is adopting this technology for rare earths and has bought the rights to market these products to other strategic metal/rare earth developers. MRT could be a much safer and cleaner alternative than the dirty traditional solvent extraction. MRT has much better recoveries than solvent extraction. Ucore plans to produce a rare earth MRT mini-plant where they can take concentrate samples and run it through the process. Recently Ucore published an updated and increased 43-101 compliant resource estimate on Bokan with an additional 1+ million tonnes of new inferred resource. In addition, more than 98% of the previous resource has been updated to the fully indicated category. This is important for the Bankable Feasibility Study that the company is currently working on. Ucore should continue to outperform as they prove to the investment community the advantages of MRT and as investors realize the growth potential of the high grade heavy rare earth mineralization.
Disclosure: I own shares and warrants in Ucore. They were a website sponsor in the past.