The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Seeking to alleviate the United States' heavy reliance on China for its supply of the rare earth elements needed for a broad range of high-tech applications, Ucore Rare Metals Inc. has rolled out a strategy to begin producing REEs in Alaska in three years. Dubbed Alaska2023, this business plan aims to build the Alaska Strategic Metals Complex, a commercial-scale RapidSX rare earths separation and purification plant in Southeast Alaska, by 2023. This processing facility is the...
Innovation Metals Corp. said it is on pace to have a pilot plant ready to demonstrate RapidSX rare earth element separation technology by mid-2021. RapidSX, a proprietary technology developed by Innovation Metals is being commercialized for the cost-effective bulk separation and purification of rare earths, as well as the critical battery metals lithium, nickel, and cobalt. Rare earths are a group of 17 elements – 15 lanthanide elements that occupy their own row near the b...
Ucore Rare Metals Inc. has cut a deal to acquire full ownership of Innovation Metals Corp. – a private Canada-based company that has developed RapidSX technology for the separation and purification of rare earth elements and other critical metals – in exchange for C$5.8 million of Ucore shares. Ucore and Innovation Metals entered into a service agreement earlier this year to carry out bench-scale testing of RapidSX on the separation of rare earths from concentrates pro...
Ucore Rare Metals Inc. is now considering a quicker and more efficient method of solvent extraction (SX) as the rare earth separation technology of choice for the Strategic Metals Complex (SMC) it is planning to develop in Southeast Alaska. This proprietary new technique for separating the tightly interlocked rare earth elements, aptly named RapidSX, was developed by Innovation Metals Corp., a private Canada-based company established to develop cost-effective processing...
Hexagon Energy Materials Ltd., an Australian company that is investing US$6 million into furthering the development of RapidSX rare earth elements separation technology, Feb. 18 said it is pleased to see Ucore Rare Metals Inc. join the effort to advance this vital technology. "Ucore's interest in and commitment to evaluating RapidSX is significant; they are a REE industry stalwart in the USA with an advanced project with US$145 million in designated financing from the Alaska...
Ucore Rare Metals Inc. wants to provide the Pentagon with an American source of rare earth elements, vital ingredients to a wide array of U.S. military hardware, from helmet mounted radios to laser guided missiles. While essential to national defense, the U.S. currently depends on foreign countries for 100 percent of its supply of rare earths. And more than 80 percent of these critical metals are imported from China, either directly or via secondary countries. As part of a...
American mines produced roughly 26,000 tons of rare earth during 2019, a 44 percent increase over 2018, yet the United States is 100 percent reliant on foreign countries for its supply of these 17 elements vital to our modern high-tech society. This apparent paradox speaks to the complexities of these enigmatic metals. The irony of rare earth elements (REEs) begins with their name, which is at the same time a misnomer and accurate descriptor. "All the REEs except promethium...
Ucore Rare Metals Inc. says the COVID-19 pandemic shines a spotlight on the need for a domestic supply of rare earth elements and other critical minerals and the company continues to make headway toward helping to fill that supply with its mine-to-metal-to-market "M3" strategy. "The current crisis underscores the extremely vulnerable nature of critical materials supply chains in the U.S. globalization and single-source foreign dependencies are not mitigating this risk – t...
