For years I have been following the clean energy technology metals such as far earths, lithium and uranium. I recently conducted an exclusive interview with Ucore Rare Earths (UCU.V or UURAF) CEO Jim Mckenzie. Ucore is starting off 2016 with an explosive six month high breakout above the 200 Day Moving Average. It is up 45% on the year despite the correction in the overall S&P500. I expect the company to breakthrough 52 week highs around $.40 as they announce progress on their unique pilot plant. Ucore is on a 3 year mission to go from bench scale through pilot into production using Molecular Recognition Technology (MRT) to refine rare earth metals and other critical green technology metals such as lithium, cobalt, uranium and scandium. Ucore may soon deliver a unique, one of a kind pilot plant using a groundbreaking processing technique called MRT. This could prove at pilot scale Ucore’s ability using MRT to separate rare earths. This is important for the final leg which is getting into commercial production. What could be groundbreaking for Ucore is the ability for the Western World to use an extraction technique which could be better that the traditional solvent exchange method which is much more environmentally messy. Remember the metals we are trying to capture are the ones that are critical for green energy. However, the problem has always been the metals are not clean to produce environmentally. What Ucore is working on could be transformative to the industry as it could be a much simpler and cleaner method for extraction of these critical rare earths. Over the past two years at each PDAC Convention in March, Ucore has delivered a milestone to the market and I hope this year proves similar with this MRT SuperLig pilot plant which could surprise the entire investment community in its ability to capture critical metals economically and cleanly.
Disclosure: Jeb Handwerger owns shares, options and warrants in Ucore which means I would benefit if the share price increases. The company was a past website sponsor. Please do your own due diligence and be aware of the many risks in investing in small cap stocks.