Ucore Rare Metals Inc. V.UCU

Pat Ryan on Ucore’s Engineering Advantage

[Betteryear2]

127 Views Mar 15, 2024 #RareEarths #CriticalMinerals #Ucore

At PDAC Toronto 2024, Critical Minerals Institute (CMI) Co-Chairman Jack Lifton interviewed Pat Ryan, the Chairman and CEO of Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF), discussing Ucore's advancements in the rare earths’ permanent magnet supply chain. Ryan highlighted the company's focus on mid-market separation technologies, particularly their RapidSX technology, which significantly improves throughput rates for extracting rare earths essential for high-temperature applications like electric vehicles. With a commercial demo plant in Kingston, Ucore is engineering a full-scale system capable of producing heavy rare earths, including dysprosium, at purities above 99%. Ryan emphasized the strategic importance of heavy rare earths, noting, "The one critical thing we're really focused on is that heavy rare earth element...the permanent magnets really only work because the heavy rare earth allows it to operate at very high temperature."
Pat Ryan on Ucore’s Engineering Advantage in Production of Heavy Rare Earths for Permanent Magnets (youtube.com)

[VeritasBob]

Ryan still claims* 2025 for LA. Says 900 tons heavies, though not clear at what phase - seems hard to believe. CDF will produce kg of Dy - at current price of $255/kg, won't be much dough. Lifton talks about LA like its a done deal, doesn't mention Ucore hasn't shown how it will pay for it. Ryan said Ucore getting heavies from the far east, but not from China.. Perhaps from Vietnam?

[VeritasBob]

Ryan said CDF will produce kilograms of Dy.

[Dragonsmyth7]

Dear Bob,  No, Bob.  Pat said that the Demo plant is producing Dy, not will. Dragon

[VeritasBob]

Ryan: "by the time we're done processing it out, we'll have kilograms of Dysprosium to be used for our customers." Not clear any Dy yet separated to high purity oxide. Hence I wrote "will". It "is" producing Dy in the sense that Ucore's in the process of doingi it. Until it's done, I'd say it's speculative whether ti will succeed.

[PipinoCuevas]

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