Yet another Magic Pudding? Innovation Metals Corp. Announces Resignation of Senior Management Team
Innovation Metals Corp. (“IMC” or the “Company”) announces that the Company’s senior executive-management team, including, IMC Co-founder, Chairman and Chief Executive Officer, Dr. Gareth Hatch; President and Executive Director, Tyler Dinwoodie; Chief Operating Officer and Vice President, Metallurgy, Dr. Kurt Forrester; and, Senior Consulting Metallurgist, David Johnson, formally submitted resignation notices to IMC on February 14, 2022.
Dr. Hatch and Mr. Dinwoodie are both Officers and Executive Directors of IMC. Dr. Forrester serves as an Officer of IMC. The resignations were the result of ongoing operational challenges that involved IMC’s parent corporation, Ucore Rare Metals Inc. (“Ucore”). Ucore’s CEO and IMC board member Pat Ryan remains with IMC.
Could this perhaps be in any way related to the viability of the RapidSX® process?
If so, then Ucore’s process attempts do not seem to be blessed with good fortune: First there was Intellimet’s Solid Phase Extraction, then there was IBC’s SuperLig® and now it would be IMC’s RapidSX® turn.
Do the roots of the process originate in China?
Source: Innovation Metals website on March 12, 2012 https://www.innovationmetals.com/rare-earth-separation-facilities/
Site Selection Magazine wrote in 2012 “Magnetic Attraction”:
IMC's business model is not confined to North America. Nor is it necessarily aligned against the Chinese business model. In fact, the company initiated research with a Chinese research institute in order to prove viable its concept that "multiple rare-earth concentrates, produced from various REE-bearing mineral sources, can be processed together effectively, resulting in attractive recovery rates."
We did find a rapid solvent extraction process () in China dating around 2011, but that primarily refers to a sample preparation technique for lab-testing, while supposedly also usable for a wide range of other applications.
The details of RapidSX® remain shrouded in mystery, because there is no patent to protect the process. We were advised by the company to wait 18 months for the publication of the patent filing. Just a few more months to go.
Full expose: https://treo.substack.com/p/china-at-re-limits-minmetals-jianghua?utm_source=url