Ucore Rare Metals (UCU.V or UURAF) has made several accomplishments during a very difficult resource market in 2013. Ucore published a Preliminary Economic Assessment (PEA) earlier this year which showed attractive economics despite lower rare earth prices. The company is confident that the strategic heavies are beginning to turn higher and demand will grow over time. The PEA showed a lower Capex and shorter timeline to get into production versus many of their peers. In addition, the Alaska State Legislature voted unanimously to move Ucore's Bokan Project ahead. The State of Alaska has the financial strength to help advance this project. Ucore is using state of the art mining technologies to improve mining efficiency and economics. Ucore has recently submitted its Plan of Operations and received permits to place a mining camp on Bokan and allow infield drilling and condemnation drilling and other mining activities. Recently, Ucore announced a significant resource update which was the result of $12 million worth of expenditures. They also added a new board member who has significant financial and legal expertise.
Disclosure: Jeb Handwerger owns UURAF and the company is a sponsor on his website.
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