Ucore Rare Metals Inc. V.UCU

PDAC Interview with Pat Ryan

[MuttleyKnows]

So gents, Pat continues to talk things up.  His latest interview at PDAC is attached in the link below.

What he mentions is dyprosium production out of Kingston.  I believe that this material is destined for testing with potential offtake partners.  This dyprosium production was not part of the validation work done for the US Defense Department.

They didn't produce the dyprosium for the fun of it.  I think it was produced for some potential offtake partner to test.  The company puts everything in a news releases so if they announce that the dyprosium has been shipped to someone then we are one step closer to an offtake deal.

That's my take but I have been waiting for over a year now for a deal to be closed.  Take it for what it is worth ... my opinion / speculation.  Good luck longs.

Pat Ryan on Ucore’s Engineering Advantage in Production of Heavy Rare Earths for Permanent Magnets (youtube.com)

[PipinoCuevas]

Mutt reasonable scenarios 

[My19sixyNineZ]

The OTA is focused on the ultimate individual separation of the rare earth permanent magnet ("REPM") elements praseodymium (Pr), neodymium (Nd), terbium (Tb), and dysprosium (Dy) plus yttrium (Y) from US-friendly heavy MREO sources. 

[MuttleyKnows]

Yes but I am saying that they are making dysprosium in volume at this point for another reason.  At least this is what it sounds like from the way Pat framed the KGs of dyprosium being produced at Kingston.  Either I am imagining thinks (also known as wishful thinking) or the company will announce that the dyprosium is being shipped to some potential offtake partner in the coming weeks.

[VeritasBob]

"kilograms" of Dy is a demo, not "produiction" production. 4 kg of Dydprosium Oxide is woth a thousanf bucks (U.S.).

[MuttleyKnows]

Ya agreed. Not production production. But it is the commentary that suggests pat is doing something with the production that is not production production. Hahaha

[My19sixyNineZ]

Haha....ok

[PipinoCuevas]

Mutt reasoning seems fine But ucore sure needs to get going this yr. if it's 6 months ago and they are simply saying" we have achieved milestone 7", very disappointing  they need to start SMC buildout at some point.  They need a large chunk of the 50 million needed to move it along in earnest. if OEMs wait8ng on DOD and if my69z more correct than dragon , I can only see an

[PipinoCuevas]

Bob mutt saying sending a sample to OEM for testing we know it's not full production and revenues ( although after some testing it's possible to offload something for some lunch money)

[My19sixyNineZ]

Yea, i wouldn't expect "high volume" per say right now. The mixed feeds are also only a couple thousand tons. LA's 2k tpa plan is 1600 tpa Lights & 600 Heavies. But could add this reminder to your thinking..... From same release: " “This US-DoD Project will allow us to demonstrate the RapidSX™ technology platform for rare earth element separation and will