Ucore to buy critical metals separation technology

The Canadian company is acquiring the developer of the RapidSX technology for the separation and purification of critical metals including rare earth elements, lithium , nickel and cobalt.
Ucore to buy critical metals separation technology Ucore to buy critical metals separation technology Ucore to buy critical metals separation technology Ucore to buy critical metals separation technology Ucore to buy critical metals separation technology

Bokan Mountain, Alaska, where Ucore is developing a rare earth project

Ucore Rare Metals Inc is taking over Innovation Metals Corp (IMC), a privately held Canadian company that has developed RapidSX, a proprietary technology for the separation and purification of critical metals including rare earth elements, lithium, nickel and cobalt.

RapidSX is an accelerated solvent-extraction-based separation technology, successfully piloted by IMC.

Ucore said the process has been highly effective at the pilot scale in separating both heavy REE and light REE feedstocks to commercial-grade rare-earth oxides, with expected significant technical and economic efficiencies relative to existing technologies.

RapidSX combines the chemistry of solvent extraction, the REE industry's current standard bulk commercial separation technology, with a new column-based platform, which significantly accelerates separation performance, resulting in smaller process-plant size and lower expected capital and operating costs, the company added.

IMC is also looking at utilizing RapidSX with other feedstocks, including nickel and cobalt from Ni-Co concentrates and lithium from brines.

Ucore chairman Pat Ryan said: We firmly believe that RapidSX holds considerable merit for Ucore's own prospective Alaska Strategic Metals Complex ... as well as industry-wide commercialisation in particular due to the scalable and modular nature of RapidSX."