- Ucore Rare Metals (UCU) has released an update for the RapidSXTM rare earth element separation technology
- Ucore subsidiary Innovation Metals Corp. (IMC) is ready to begin construction on a RapidSX demonstration plant in Q1 2022
- The technology will be used in Ucore’s Alaska Strategic Metals Complex (SMC) engineering development program
- IMC has also been working with researchers at the University of Toronto to reduce yttrium in feedstocks before they are separated using RapidSX
- Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability
- Shares in Ucore Rare Metals Inc. (UCU) are down 5.06 per cent, trading at $0.75 per share
Ucore Rare Metals (UCU) has released an update for the RapidSXTM rare earth element separation technology.
After extensive testing and design work this year, Ucore subsidiary Innovation Metals Corp. (IMC) is ready to begin construction on a RapidSX demonstration plant in Q1 2022.
Ucore and IMC anticipate that the RapidSX technology will be ready for commercial adoption and implementation by the second quarter of 2022.
“Dr. Gareth Hatch and the entire IMC team have put forth a tremendous effort in recent months towards the commercial realization of the RapidSX rare earth separation technology,” said Ucore CEO Pat Ryan.
The technology will be used in Ucore’s Alaska Strategic Metals Complex (SMC) engineering development program.
“Our belief is led by our actions,” added Mr. Ryan, “and we have supported and funded IMC’s efforts for the development of RapidSX and the coordinated plan for its subsequent deployment into the first modern rare-earth separation plant in North America, the Alaska SMC.”
RapidSX has undergone extraction rate testing, hardware design, and mathematical process modelling as part of preparing for commercialization.
In addition to the ongoing RapidSX development work, IMC has also been working with researchers at the University of Toronto to develop a method of reducing the quantity of yttrium in heavy-REE-rich feedstocks before they are separated using RapidSX.
Yttrium is a lower-value REE, and reducing the quantity of yttrium in heavy-REE feedstocks before separation has the potential to reduce operating costs and required plant size.
The advancements made by IMC are just one of many steps in the development of Ucore’s ALASKA2023 Plan.
Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability.
Shares in Ucore Rare Metals Inc. (UCU) are down 5.06 per cent, trading at $0.75 per share as of 9:38 am EST.
