Ucore Rare Metals (TSXV:UCO) Featured in MoneyinMetals Report by Mark Weaver - Video Summary Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, November 9, 2011 - Ucore Rare Metals (TSXV:UCO) is
featured in the latest MoneyinMetals report by Mark Weaver.
InvestmentPitch.com has produced a "video news alert" based on the MoneyinMetals
report. If this link is not enabled, please visit www.InvestmentPitch.com and
enter "Ucore" in the search box.
Ucore is an exploration company with significant exploration holdings across
North America. The company's Alaska-based flagship property at Bokan Mountain is
the site of a former high grade producing uranium mine, which according to U.S.
Geological Survey data, has an estimated untapped resource of more than 11
million lbs of U3O8, and a Rare Earth Elements resource that is estimated to be
the largest combined heavy and light rare earth elements deposit within the
United States. We caution readers than this information is not NI 43-101
compliant.
The company recently announced testing of an X-Ray detection process to improve
its potential rare earth recoveries. Unlike base or precious metal mining,
companies intent on selling rare earth elements have to understand exactly how
they will extract the material they want from the their host material, and in
Ucore's case, neutralize the radioactivity since this material is associated
with uranium. Furthermore, they must beneficiate the material to the level
required by the supply chain, recycle the reagents, maintain storage for the
radiated waste, and provide for tailings with additional considerations given
for co-products and by-products.
Jim McKenzie, President & CEO of Ucore stated, "This is a remarkable development
for Ucore, using a unique and innovative model for rare earth ore processing.
The ability to capture 97% of the rare earth elements while eliminating 54% of
the original ore mass prior to processing is a significant competitive advantage
for us."
Although Ucore's XRT test work is confidential and proprietary in nature, there
is an apparent elegance and simplicity to this process. XRT scans the throughput
according to its atomic density. The valuable mineral bearing rock is then
selectively extracted using a precise pulse of pressurized air from the high
performance nozzle system, and the waste is discarded before milling. The
overall energy, material and labour costs are expected to be reduced, which
should result in lower capital requirements and operating expenditures.
Money in Metals believes "The net effect of employing XRT places Ucore's Bokan
project among the highest point-of-origin heavy rare earth grades in the world.
Given its current price, which is more than 60% off its March highs, Ucore
offers investors a speculative opportunity to profit from the potential
extraction of resources demanded by the leading economies of the 21st Century."
Ucore currently trades at $0.59, and with approximately 149 million shares
outstanding is capitalized at $88 million.
For a more information on Ucore Rare Metals, please visit their website at
www.ucore.com,, phone Jim McKenzie at 902-482-5214 or email info(at)ucore.com.
For a copy of Mark Weaver's MoneyinMetals report, please visit
www.MoneyinMetals.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating, hosting, and distributing financial video content across multiple
platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing short three minute videos based on news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 09.11.2011 - 16:31 Uhr
Sprache: Deutsch
News-ID 86040
Anzahl Zeichen: 4538
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Kategorie:
Business News
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