Pat Ryan of Ucore Rare Metals on the importance of securing a domestic rare earths supply chain

In this InvestorIntel interview, host Jack Lifton talks to Ucore Rare Metals Inc.‘s (TSXV: UCU | OTCQX: UURAF) Chairman and CEO Pat Ryan about the importance of securing a domestic rare earths supply chain and how Ucore is moving forward with their unique technology to commission a demonstration rare earth oxides processing plant by the end of the year.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Pat talks about his previous experience founding a Tier 1 automotive company and how important a stable and reliable supply chain is to the industry. “There are six times more critical metals in an electric vehicle than are in an internal combustion engine,” Pat tells Jack.  “The supply chain to support it – the metallic supply chains – are needed. It’s right back to the days of Henry Ford when we had to invest in rubber plants and invest in steel mills and things that were required to make sure he could build his Model T vehicles back then, and the same thing applies today.”

Pat goes on to tell Jack about how Ucore is building that domestic rare earths supply chain to reduce reliance on China: “So building the supply chains you need best-in-kind tech to get the job done. We bought a company – Innovation Metals Corp. – a couple years ago, and we’ve taken that technology and are getting it ready for commercial prime time. Now we’re developing a demonstration plant in Kingston, Ontario, working with Kingston Process Metallurgy, that will be commissioned in Q4 of this year, 2022. It’ll be processing tens of tons of rare earth concentrate from several feedstocks and producing rare earth oxides.”

Pat sums up his attitude towards establishing a domestic rare earths supply chain: “Let’s get the job done – that’s where my career has been and that’s kind of my excitement about being the Chairman of Ucore as well.”

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About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore has an effective 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this includes disrupting the People’s Republic of China’s control of the US REE supply chain through the near-term development of heavy and light rare-earth processing facilities – including the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore’s heavy-rare-earth-element mineral-resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

To learn more about Ucore Rare Metals Inc., click here

Disclaimer: Ucore Rare Metals Inc. is an advertorial member of InvestorIntel Corp.

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5 responses

  1. joe o Avatar
    joe o

    how these guys gonna get funded?? AIDEA is dormant for 8 yrs re: ucore

    1. Rare Earths Investor Avatar
      Rare Earths Investor

      “Pat sums up his attitude towards establishing a domestic rare earths supply chain: “Let’s get the job done…”

      Yes, my question for all the CAD RE feedstock and/or processors. Please start telling potential investors where the money to finance these individual projects is coming from. Are you talking to any prospective buyers? If so, from which category/sector and how many? For example, we just had a CAD german autos meeting in which there were 5 CAD entities invited (2 presented) and 1 CAD entity held direct talks with 1 auto (based on an entity release). Was Ucore, Search, Commerce, Appia, etc involved? If so, wouldn’t you say (if not I guess no comment). Investors need to see ‘concrete’ actionable events which suggest a RE entity is of interest to others (strategic, public or private) who are prepared to pay money for such products.
      GLTA – REI

  2. Joe o Avatar
    Joe o

    Let be honest. Ucore has been talking about AIDEA for 8 yrs. The mantra has been we have aidea backing us. But that only works in Alaska. So it’s either an OEM is gonna pre fund /offtake SMC in the states, the feds are gonna step up with cash ( they havent yet but May be itching to) or ucore is gonna dilute themselves enough to have basically no upside as an investment.
    Ucore been playing the shell game re: financing for anything the last decade. They live off PP from orca holdings, there main investor. Slowly give the company away to them to the chagrin of the small investor. Caveat emptor

  3. Joe o Avatar
    Joe o

    Chinese bot invades investor intel?

  4. Tracy Weslosky Avatar
    Tracy Weslosky

    There are no Bots invading us today Joe O. but thanks for the smile. As a point of reference, both #robots and equipment required to deploy #bots for any geographical source, requires #rareearths….

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