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Second Place: "McEwen Mining (MUX): Why so quiet about your news, Rob?". Like the guy who plied his living playing three-card Find The Lady on Saturday mornings, just next to the fruit and veg market of my teenage years.
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"Otto Rock? Otto Wrong!" Rants on mining and stuff
AMERICAN FORK, Utah, Nov. 16, 2018 /CNW/ -- IBC Advanced Technologies, Inc. ("IBC") provides the following clarification concerning its role in the Strategic Metals Complex ("SMC") which was referred to in a press release dated May 7, 2018 (the "Press Release") from Ucore Rare Metals, Inc. ("Ucore.") In that Press Release, Ucore announced that it had "engaged …IBC to commence advanced engineering and design procedures for the U.S. Specialty Metals Complex (SMC) to be constructed in Ketchikan, Alaska."
To correct the record, IBC has not been engaged by Ucore to commence, and in fact has not commenced or performed, any such advanced engineering and design procedures for the SMC.
"Having IBC commence E&D activities is a significant milestone for the Alaska SMC” said Mike Schrider, COO of Ucore. “Completion of IBC’s initial test work and engineering tasks will allow us to engage other engineering specialists regarding the non-MRT [Molecular Recognition Technology] portions of the Plant such as the product dissolution and acid/wastewater recycling sections. Once those systems are designed, we will then be in a position to commence discussions with local Alaskan engineers regarding our facility requirements to house the REE separation plant based on the specific site we select in Ketchikan.”
“The Ucore-IBC alliance in the REE sector builds on IBC’s proven capabilities to develop, scale-up and commercialize selective separation systems for a number of diverse and complex applications” stated Jim McKenzie, President and CEO of Ucore. “By extrapolating the knowledge gained from the SuperLig® One rare earth pilot plant, we have a clear plan of execution for the Alaska SMC. When completed, we will have established a significant domestic source of saleable rare earth oxides, which will go a long way towards establishing technology metals independence for the US in an environmentally sustainable and safety conscious manner.”
An excerpt from its NR this morning:
Government & Community Relations
The Company continues to work with the government at all levels, from municipal to regional and central as part of its ongoing efforts to advance both projects. Recent elections in country have presented the opportunity for the Company to meet with newly elected and re-elected officials to discuss its development plans in the project area with continued support.The government of Peru continues to work on a legal framework for the transport and export of uranium to support the future potential production from the Macusani U project. In August 2018, President Vizcarra publicly announced that the government is working towards a legal framework within 6 months. It is clear both Plateau’s Macusani Uranium and Falchani Lithium projects play an important role in the country’s participation in the shifting environment of low carbon emission energy sources and mass market vehicle electrification.
Host communities in the project area continue to benefit from the Company’s involvement in the project area in the form of employment, program support and sponsorship. Having worked continuously in the region for over 10 years, a strong foundation has been built enabling the Company to work with its hosts in advancing through development stages.
We are crapping ourselves about Walter Aduviri.
Certainly looking forward to that one.
Wins: Beaty
Loses: Everybody else
The man who ruined a company to such and extent that at the end, he sold it for U$3.40 a share to real miners.
For context, back in 2015 TAHO paid $1.12Bn for Rio Alto. Three and a half years later PAAS Pays the same for Rio Alto, Lake Shore Gold and Escobal.
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