Ucore purchase of IBC erupts in legal row

North of 60 Mining News – February 22, 2019

 

Last updated 9/25/2020 at 2:06pm

Ucore acquisition of IBC Advanced Technologies lawsuit

Ucore Rare Metals Inc.

Ucore Rare Metals and IBC Advanced Technologies worked together to apply the use of molecular recognition technology to create nearly pure rare earth elements from a solution derived from Ucore's Bokan Mountain, an undeveloped REE mine project in Southeast Alaska.

A row that has erupted between IBC Advanced Technologies Inc. and Ucore Rare Metals Inc. threatens to delay, or even derail, the proposed Strategic Metals Complex, a rare earth element separation facility that Ucore is planning to develop near Ketchikan, Alaska.

The conflict has arisen since Ucore announced its plans to buy IBC, the Utah-based company that developed the molecular recognition te...



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