Ucore Rare Metals Inc. V.UCU

Vital Separation Project Bankruptcy

[Obsantiquedoc]

Does it not make sense that Vital would put the brakes on spending many millions of dollars in producing/creating a plant when Ucore already has a commercial demonstration plant up and running that does the same thing?  The outcome would be oxides which Ucore will also be producing.  They probably realized how much work and how hard it is to get the plant up and running and decided to bail and get their mine going instead.  Ucore did the opposite and chose to bail on Bokan and instead focus on the separation technology which is what is really needed in North America. They are at a much more advanced stage than Vital was is my understanding. 

I was at the Rick Rule Investment conference in July in Florida and saw the Meteoric Resources presenation (from Australia). Given the grade of the deposit and the sheer size, I quickly realized that Bokan will never get built as ionic clays have rare earths that are much easier to separate using ammonium sulfate (fertilizer) to concentrate (rather than hard rock mining to get them to a concentrate) as the costs will always be much cheaper. I asked if they were in discussions with Ucore for separation of the concentrate as it seems to be the perfect fit.  He just said that he could not answer due to NDA but he was very aware of Ucore.

Sounded promising but I am very tired of the drop in Ucore price. Let's see a valid news release with offtakes, financing, or something that finally unlocks the value for long term shareholders.  We deserve to be rewarded for our long term support of this company.  Come on Mark and Ryan, let the shareholders know what is going on, or do we finally capitulate and give up?

[VeritasBob]

Meteoric Resources' Caldeira Project in Brazril has TREO of about 0.3%. Dy and Tb total about 1% of that. Total rare earhs of 300 or 400 metric tons is a joke. Not a serious project, regardless of separation cost.

[Obsantiquedoc]

Not sure where you got your information from.  Below is from their website. 

[Obsantiquedoc]

The Caldeira Project comprises 51 licences (23 Mining Licences and 21 Mining Licence Applications) and has previously had significant exploration conducted including 1,311 shallow auger drill holes for 13,037m. Drilling across six licences returned ultra-high-grade Total Rare Earth Oxide (TREO) intersections all of which are reported from surface. Meteoric will commence a 100,000m air core and

[VeritasBob]

Tables 1 and 2 and "Meteoric has reported its Maiden JORC Mineral Resource Estimate (MRE) for Caldeira which stands at 409Mt @ 2,626 ppm TREO at a 1000ppm cut off. At a 2,000ppm TREO cut-off, the MRE is 271Mt @ 3,146ppm TREO, applying a higher-grade cut-off allows for evaluation of high-grade zones forming priority targets for future drilling." I.e., the parts of the page above and

[VeritasBob]

Meant to also include: "At a 2,000ppm TREO cut-off, the MRE is 271Mt @ 3,146ppm TREO, applying a higher-grade cut-off allows for evaluation of high-grade zones forming priority targets for future drilling."

[PipinoCuevas]

This post has been removed in accordance with Community Policy

[PipinoCuevas]

This post has been removed in accordance with Community Policy