Welcome!

News Feed Item

Ucore Welcomes University of Kentucky to US Rare Earths Consortium

HALIFAX, NOVA SCOTIA -- (Marketwired) -- 06/19/17 -- Ucore Rare Metals Inc. (TSX VENTURE: UCU)(OTCQX: UURAF) ("Ucore" or the "Company") is pleased to welcome the University of Kentucky to its recently announced US Rare Earths Consortium (the "Consortium"). The Center for Applied Energy Research at the University of Kentucky ("UK CAER" or the "University") joins Ucore and its partners in completing the recently awarded US Department of Energy ("USDOE") US$1M work program (the "Award"). Under the terms of the Award, the Consortium has been tasked with sourcing and concentrating feedstock from US domestic coal tailings, and utilizing Molecular Recognition Technology ("MRT") to produce a saleable oxide of Critical Rare Earth Elements ("CREE") to the US market (see Ucore press release dated June 12, 2017).

UK CAER is an international leader in research pertaining to coal production, coal combustion, and coal combustion products. The UK CAER team is led by colleagues Dr. Jim Hower and Dr. Jack Groppo.

Dr. Hower, a Principal Research Scientist at UK CAER and a Research Professor in UK's Earth & Environmental Sciences Department, will lead the coal fine refuse feedstock identification, selection, and characterization portions of the project. Dr. Hower has been publishing studies about the high concentration of rare earth elements in coal seams in southern and eastern Kentucky since the late 1990s, and is a global expert in coal geochemistry, petrology, coal mining operations and coal products, including coal fine refuse.

Dr. Groppo, a Principal Research Engineer and a faculty member in UK's Mining Engineering Department, will provide his extensive knowledge in physical separation processing and plant design to the project. Dr. Groppo will be utilizing mineral processing techniques to the pilot-scale plant design.

"UK CAER is a tremendous Consortium partner," said Jim McKenzie, President and CEO of Ucore. "The Center has a collective knowledge base of mineral-enriched coal fields that is recognized at a world level. In turn, Dr's Hower and Groppo lead a team of researchers specializing in the maximization of economic utility from US coal production. This specialized knowledge, combined with the collective experience of the other members of the Consortium, makes for a formidable lineup of participants tackling this remarkable opportunity."

"This mission builds upon UK CAER's well-established and growing knowledge in CREE processing," said Dr. Jim Hower. "We look forward to bringing this knowledge to bear, and the potential for creating new jobs and economic opportunities not just in Kentucky, but as part of an emerging rare earth supply chain in the US."

"Our rare earth recovery work is a natural extension of the Center's efforts in creating high-value products from coal and coal combustion byproducts," said Dr. Groppo. "We are building upon a proud UK CAER history of success, and we are excited about the technical and economic prospects of this important project."

The Award builds on UK CAER's capabilities and knowledge in the emerging field of CREE research. Participation in the Consortium continues a long tradition of UK CAER work in byproduct utilization. Such work commenced more than two decades ago, when UK CAER researchers commercialized a new and unique way of utilizing coal fines in coal combustion at the Powell Mountain Coal Company's Mayflower Preparation Plant in Virginia.

Since that time, UK CAER has established itself as a global leader in coal and coal combustion byproduct utilization. The Center's Materials Technologies Group has invented several unique methods for utilizing fly ash to develop stronger, faster-setting cementitious products. One of that group's patented products - Tekcrete - is available commercially through UK CAER's corporate partner, Minova.

UK CAER's Biofuels and Environmental Catalysis team has also developed technology to capture and utilize CO2 from coal-fired power plants. CO2 is consumed via an algal capture system created at UK CAER, and utilized to create biofuels, bio-chemicals and bio-plastics. UK CAER is partnering with Lianhenghui Investment Company to construct a 5-acre algae production facility in Zhengzhou, China to demonstrate this technology.

About Consortium

The Consortium is comprised of a number of participants which compliment UK CAER's extensive expertise in materials processing technologies, including IBC Advanced Technologies, Inc. of American Fork, Utah ("IBC"), Equinox Chemicals, LLC of Albany, Georgia ("Equinox") and Physical Sciences Inc. of Andover, Massachusetts ("PSI").

About IBC

IBC Advanced Technologies, Inc. is an award-winning, green chemistry selective separations company based on innovative MRT products. IBC is headquartered in American Fork, Utah, with manufacturing facilities in Utah and Houston, Texas. IBC has supplied industrial, governmental and academic customers worldwide with environmentally friendly products, processes and services for over 29 years. IBC specializes in MRT, utilizing green chemistry to achieve highly selective separations of individual metal ions in complex matrices. Based on Nobel Prize-winning technology (1987), IBC's proprietary products and processes are used worldwide by premier metals refining and mining companies such as Tanaka Kikinzoku K.K. (Japan), Asarco Grupo Mexico (USA), Impala Platinum Ltd. (South Africa), and Sino Platinum (China). In 2014, the Japanese Government (Mitsubishi Research, Inc.) awarded to IBC a highly competitive subsidy grant, "Demonstration Project for Seawater Purification Technologies", concerning the selective separation of the radionuclides strontium and cesium from contaminated seawater at Fukushima, Japan.

IBC's expertise is illustrated by its extensive development and commercialization of separations systems for platinum group metals ("PGM's") at a world level. PGM's are analogous to REE, in that they are considered difficult to selectively separate due to their constituent chemical similarities. The Ucore-IBC alliance builds on IBC's proven capabilities to develop, scale-up and commercialize selective separations systems for a number of diverse and complex applications. See www.ibcmrt.com for additional information.

About Equinox

Equinox is a chemical products research, commercialization, and manufacturing company with two chemical manufacturing plants located in Albany, Georgia. Equinox has a proven track record of successful in-process design, scale-up, and commercialization. Since its founding in 2003, Equinox has focused on chemical process intensifying novel equipment and process design coupled with commercialization contributing to the lower cost, increased safety and environmental profiles impacting over 600 products on the market today. Many of these products would not be on the market today if the producers had to rely on traditional manufacturing processes. Specifically, Equinox has experience in process design, scale-up, and operations of heterogeneous chemical extraction processes, including coal fines and coal ash extractions. See www.echemsource.com for additional information.

About PSI

PSI is a technology R&D company developing a range of technologies in energy, materials and processing, environmental, aerospace, and medical instrumentation fields. They have been working on process development for REE recovery from coal ash under company-sponsored IR&D, and government-funded (EPA, OSD/ONR, DOE) research programs, making significant advancements in high-yield, high-concentration REE recovery methods. PSI currently holds two patents on the REE recovery process. The PSI work is being led by Dr. Prakash B. Joshi, who will serve as Principal Investigator and Program Coordinator on the proposed DOE/NETL program. PSI will lead the overall development of the chemical separation process including the demonstration of REE extraction in a continuous process. See www.psicorp.com for additional information.

About Ucore

Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies with near term potential for production, growth and scalability. On March 3, 2015, Ucore announced the development of a joint venture with IBC for the deployment of SuperLig® Molecular Recognition Technology for REE and multi-metallic tailings processing applications in North America and associated world markets. The Company has a 100% ownership stake in the Bokan project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency ("AIDEA").

Cautionary Notes

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities, research and development timelines, and events or developments that the Company expects, are forward-looking statements. Forward-looking statements in this press release include that we may enter into a long-term supply partnership and offtake relationship and the possibility of an independent North American REE supply chain. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes or setbacks, research and develop successes or setbacks, continued availability of financing, that we may not be able to reach agreements, that the product may not be suitable for intended uses, and general economic, market or business conditions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Ucore Rare Metals Inc.
Mr. Jim McKenzie
Chief Executive Officer
+1 (902) 482-5214
www.ucore.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...