News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

VITAL and Ucore execute MOU for supply of rare earth carbonate

The date of: 2021-10-25
viewed: 1
source:Global Mining Review
Ucore is focused on developing rare earth processing technologies through its ALASKA2023 project, with the goal of fostering an independent American REE supply chain and aims to secure a US-allied REE feedstock source. The ALASKA2023 project focuses on developing a Strategic Metals Complex (SMC) heavy rare earth element (HREE) and light rare earth element (LREE) separation plant in Southeast Alaska, using Innovation Metal Corp.’s (IMC) proprietary RapidSX? critical metals separation technology platform. On 7 October 2021 Ucore announced the execution of a Memorandum of Agreement (MOA) with Alaska’s Southeast Conference for the funding of the Alaska Strategic Metals Complex (Alaska SMC).
Ucore’s Alaska SMC plant will have an initial 2000 tpy TREO separation and purification capacity, with a scheduled commencement date in 1H24. The Ucore Alaska SMC plant is expected to have an expanded capacity to at least 5000 tpy TREO by 2026.
Vital Metals’ Managing Director Geoff Atkins said the MOU with Ucore was an important step in Vital positioning itself as a key supplier of rare earth feedstock in the North American critical minerals supply chain.
“This agreement is an important and exciting entrance into the North American downstream rare earth supply chain. We are particularly excited that, similarly with REEtec’s position in the European market, Ucore represents the most advanced new rare earth separation company entering into the North American market. To reach this agreement to ensure Ucore’s Alaska SMC has a guaranteed supply of rare earth feedstock to service the North American market is an important milestone in delivering Vital’s business plan. This agreement, together with our binding off-take agreement with REEtec, will help position Vital as a critical supplier of rare earth feedstock into both the European and North American markets. We are continuing to grow our operations in Canada and are well-placed to supply both geographies with the complete suite of rare earths.”
“We look forward to further developing our relationship with Ucore with a view to finalising a definitive off-take agreement and the commencement of supply of feedstock for the Alaska SMC.”
Pat Ryan, P.Eng., Ucore Chairman and CEO, comments:
“Vital Metals is the first rare earth producer in Canada and Ucore is extremely pleased to be associated with a company that is on the leading edge of developing a North American rare earth element supply chain.”
“This partnership with Vital is an integral step in the development of the Alaska SMC, as Ucore continues to cultivate relationships with potential like-minded upstream and downstream partners in the evolving Western world market; with the ultimate goal of ensuring that original equipment manufacturers transforming to an electrified economy continue to have access to a comprehensive North American raw material and finished goods supply chain.”

Hot News / Related to recommend
  • 2021 - 12 - 03
    Click on the number of times: 0
    source:MINING WEEKLYaim-listed Rainbow Rare Earths says it is well-positioned to meet the anticipated future demand for rare earths, owing to its Phalaborwa project, which is in development in South A...
  • 2021 - 12 - 02
    Click on the number of times: 0
    source:NewswiseNewswise — A new technology for rare-earth elements chemical separation has been licensed to Marshallton Research Laboratories, a North Carolina-based manufacturer of organic chemicals ...
  • 2021 - 11 - 30
    Click on the number of times: 0
    source:EXAMINERA company hoping to mine rare earth elements in Tasmania has reported finding its highest grades yet.Australian Bauxite Limited said it had found its highest grade of neodymium at its D...
  • 2021 - 11 - 29
    Click on the number of times: 0
    surce:Bluebonnet NewsMany Texans go about their daily routines without giving much thought to the devices, technology and machinery that enhance and simplify their lives. Yet many high-tech goods and ...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center