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, 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.”

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

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.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

Disclaimer: The author of this Investor.News post, which is published by InvestorNews Inc., may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content on Investor.News, and InvestorNews Inc. does not accept opt-in payments from advertisers. While InvestorNews Inc. provides digital media services like video interviews and podcasts to advertisers, not all are paid promotions. Any sponsored video interview will be clearly marked in the summary. The author of this piece is not a licensed investment advisor and makes no recommendations to buy, sell, or hold any securities. If the author holds an investment advisor license, this will be stated in their biography. Conduct your own due diligence by reviewing public documents of any company. For our full legal notices and disclaimers, click here click here.

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….

Leave a Reply

Your email address will not be published. Required fields are marked *