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A Closer Look At Ucore's Switch To Molecular Recognition Technology
- The Rare Earth Space stinks, plain and simple.
- It won't forever as these metals are crucial for innumerable modern technologies.
- Having the right REEs and being able to separate the individual REEs economically and environmentally will be the deciding factor for a given company's success.
- Ucore's employment of molecular recognition technology looks extremely promising, although it is not without risks.
- Successful REE separation using MRT will set Ucore apart from the pack as the clear winner in the space, and a speculative position looks extremely interesting right now..
- Ucore reported a small loss for the third quarter relating to expenses incurred in developing the Bokan Project.
- This is in line with my expectations.
- The company has sufficient capital to get through the end of the year, but expect additional financing as management develops its separation techniques as it works towards its BFS.
Update: Ucore To Generate A 99%+ HREE Concentrate Using Molecular Recognition Technology
- Ucore recently announced that it is using molecular recognition technology in order to produce a high grade HREE concentrate from Bokan ore.
- This fits my thesis that Ucore is derisking the Bokan Project by developing an economic processing technique for exploiting the HREEs within.
- While this is a significant development, keep in mind that the company still needs to separate out the individual REE oxides before the Bokan Project can be deemed economical.
- Ucore just publicly released an RFP as it looks for an engineering firm to carry out its banking feasibility study (BFS).
- Investors will recall that I noted that a BFS is the company's next major milestone.
- While issuing such a request publicly is unusual, it is not bearish, and the increased scope of the search could save shareholders' money.
Ucore Is Moving Forward In A Tough Environment: My Conversation With Management
- Ucore's CEO Jim McKenzie, COO Ken Collison, and VP of Business Development Mark MacDonald answer questions on the state of the REE industry and on Ucore.
- The company is one of the few that has survived the recent REE bear market, which isn't over, but which is closer to the end than to the beginning.
- Management addresses the investor community's concerns regarding complex issues regarding metallurgy and processing.
- Ucore remains a compelling speculation stock, but like every company in the industry it is not without significant risk.
Update: Ucore Provides A Status Update On Its Recovery Process Study Taking Place At University Of Alaska Fairbanks
- Ucore provided an update on the research being done to maximize recoveries of HREEs at its Bokan Project in Alaska.
- While this sounds positive, I think investors should note that it implies a delay of the company's PFS, which I anticipated would come out in the fourth quarter.
- The potential for increased recoveries and increased efficiencies is clearly a positive, although we have yet to see the final results of the study.
- The stock is trading around the "buy" level that I have emphasized at around $0.20-$0.25/share, and Ucore shares remain a compelling speculative "buy" with multi-bagger potential.
- Ucore announced a loss of $1.5 million in Q2 related primarily to expenses incurred developing and permitting its Bokan HREE Project In Alaska.
- The company has sufficient capital to move the project forward in the coming months.
- HREE pricing is an issue, as REE prices are down by a third since I wrote about the company--Bokan's economic feasibility is now questionable.
- As I suggested in my July article prices will almost certainly rise, and Ucore is uniquely positioned as the only company in the space with the potential for financial backing.
- This is a long-term, high risk/high reward investment that I remain constructive on, but be careful and accumulate on weakness.
Update: Ucore Announces The USGS' Continued Research And Interest In The Bokan Project
- The United States Geological Survey is moving forward with a research program intended to improve its understanding of rare earth element deposits.
- This further evidences my past claim that Ucore is unique in the rare earth space given the U.S. Government's involvement.
- Investors should take this as a positive sign, but falling rare earth element prices in recent weeks are troubling: proceed with caution at current prices.
Ucore Rare Metals: Clear Path To Production And Definitive Financing Source Make This A 'Strong Buy'
- Ucore Rare Metals is an advanced stage exploration company in the rare earth space that is moving its Bokan Project towards production in 2017.
- Unlike its peers the company has financial backing lined up that gives it a heightened probability of going into production.
- With debt-based financing much of the company's initial capex can be discounted into the future, adding enormous value to the Bokan Project's NPV.
- Give these last two points Ucore is not only an undervalued REE leverage story, but it is also a near-term cash-flow story.
- This last point sets the company apart from its peers, and makes the stock a compelling "buy" on weakness.
An Interview With Ucore Rare Metals' CEO Jim McKenzie
- Ucore Rare Metals' management team led by Jim McKenzie answer questions about rare earth elements and about the company.
- Mr. McKenzie believes that rare earth elements remain in a long term bull market, and that the company's Bokan Project is extremely well positioned to profit from this.
- Support from the US Department of Defense and from the Alaska Industrial Development & Export Authority (AIDEA) should bolster investor confidence in the Bokan Project.
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Ucore Rare Metals Inc. is a development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore?s primary focus is the 100% owned Bokan ? Dotson Ridge REE property in Alaska. The Bokan ? Dotson... More
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