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Orca buys Ucore's REE plant

 

Last updated 3/14/2018 at 9:43am

Ucore Rare Metals Inc.

The SuperLig One pilot plant has pioneered the use of molecular recognition technology to separate the 16 tightly interlocked rare earth elements, such as those found at the Bokan Mountain project in Southeast Alaska.

Ucore Rare Metals Inc. July 31 announced that it has entered into an agreement to sell SuperLig-One to Orca Holdings LLC and then lease back the rare earth separation pilot plant from Orca, a Ketchikan, Alaska-based enterprise controlled by Ucore advisory board member Randy Johnson.

Under the terms of the agreement, Orca will pay Ucore of US$2 million for SuperLig-One and then lease the plant...



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