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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Post by My19sixyNineZon Jul 08, 2019 3:37am
121 Views
Post# 29894306

Add Dr. Hammond to lawsuit --- ( 1 )

Add Dr. Hammond to lawsuit --- ( 1 )Following are comments from Dr. Hammond Declaration to State of Utah for IBC. Stated purpose of involvement in bullet point #3: " to provide an independent evaluation of the Bokan Mountain Rare Earth Element project owned by Ucore Rare Metals Inc., located on Prince of Wales Island in Southeast Alaska". --------- Stated in bullet point #5: " I relied upon both publicly available and confidential information in my analysis of the valuation, enterprise value, and feasibility of Ucore developing the Bokan Mine,". ------- Bullet point #6: " iii. Production of rare earth oxide products in the PEA is based on solid phase extraction (SPE), a different and unproven rare earth separation process that Ucore has completely abandoned in favor of IBCs MRT. MRT is not even mentioned in the PEA".------ of work, rotation of workers and perhaps shorter time periods of exposure, hence further increasing operation costs for any potential mining operation". --------- Dr. Hammond continues to state: ( ix ) " As a result of previous uranium mining operations between 1957 and 1971, contaminated soils, mine workings and waste rock remain at the location, which is now designated as a Superfund Site by the United States environmental Protection Agency. A preliminary assessment and site inspection conducted in 2004 pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) revealed that hazardous substances in concentrations exceeding normal background levels for arsenic, lead, and uranium exist in the waste rock and soil, and radiation emissions in levels exceeding background are occurring. Although not currently on the National Priority List, cleanup and other remediation costs are unknown and offer potentially enormous financial liability to any owner or Potentially Responsible Party". Bullet point ( 6 ) iv: " employing a contemporary and commercially proved solvent extraction for the production of REE oxides,".-------- Bullet point ( 6 ) viii: " The Bokan Mountain property is a historical uranium mine The Bokan Mountain property is a historical uranium mine. To date no radiation surveys have been conducted, and ventilation alone may not be enough to mitigate the dangers to the workers. Although not currently on the National Priority List, cleanup and other remediation costs are unknown and offer potentially enormous financial liability to any owner or Potentially Responsible Party (PRP)".
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