SPECIAL REPORT:
Ucore Rare Metals, Inc. (OTCMKTS:UURAF) (TSX-V:UCU) (FSE:U9U)
We are very excited to bring you a special report this morning on UURAF, a well-funded Canadian company focused on Rare Earth Elements (“REE’s”, or simply, “rare earths”). One of the primary reasons we are so interested in this company stems from the Trump Administration’s recent tough talk on China, vis a vis what some are calling an impending Trade War. While that could have multitudinous repercussions, one of those is a heightened sense of purpose for REE miners like UURAF.
The US is currently dependent upon China for rare earths for, among other things, integral military applications and other high technology, which require an abundance of REE’s. That brings us to UURAF‘s primary project, the 100% owned, Bokan – Dotson Ridge REE property in Alaska, located 60 km southwest of Ketchikan. Though the company holds multiple assets across North America, Bokan – Dotson is the one with the largest potential.
In the Bokan property, UURAF believes it may hold the key to America’s Rare Earth Independence from China, a proposition whose importance cannot be overstated. Bokan Mountain currently boasts the highest-grade deposits of heavy REE’s on US soil.
The promise is so high, in fact, that the Alaskan government pledged a $145M funding package to UURAF to develop the property, including $30M for a brand new REE facility in Ketchican. The company has fast tracked development, with a 2-year plan to reach a capacity of 1000 TPY(tonnes per year) of REE Concentrate, effectively becoming the only facility in the US producing vital elements such as Dysprosium, Terbium and Europium.
The company has successfully utilized Molecular Recognition Technology (MRT) to produce a separation of heavy rare earth concentrates (99+% REE’s) from a PLS (“pregnant leach solution”). MRT is a remarkable improvement over the costlier, slower and environmentally unfriendly methods traditionally used in REE concentration and separation. Ucore is also the very first company to bring MRT into the rare earth space.
In addition to the new facility in Alaska, UURAF also recently announced the acquisition of an REE facility here in the lower 48, by way of its most recent press releases:
HALIFAX, Nova Scotia, April 09, 2018 (GLOBE NEWSWIRE) — Ucore Rare Metals, Inc. (TSXV:UCU) (OTCQX:UURAF) is pleased to announce that its pending joint venture (“JV” or “Joint Venture”) partner, Kentucky River Properties LLC of Hazard, Kentucky, (“KRP”), has purchased an industrial facility in Eastern Kentucky for the purposes of accessing and processing rare earth elements (“REE”) and strategic metals from the Appalachian Coal Basin (“ACB”) (>>View Full PR)
HALIFAX, Nova Scotia, May 07, 2018 (GLOBE NEWSWIRE) — Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) is pleased to announce it has engaged IBC Advanced Technologies, Inc. (IBC) of American Fork, Utah, to commence advanced engineering and design procedures for the U.S. Specialty Metals Complex (SMC) to be constructed in Ketchikan, Alaska (>>View Full PR)
UURAF CHART:
In addition to the exciting happening at the company which we briefly highlighted above, we also want to draw attention to the current setup of the UURAF chart. The RSI and the MACD, two indicators we commonly rely upon when assessing stocks from a technical standpoint, are presently signaling a potentially bullish scenario.
Since coming off of its lows earlier this year, the stock has maintained higher levels of support. With the 50DMA rising toward the 200DMA, a Golden Cross appears imminent.
For More Information on UURAF, visit:
www.ucore.com
