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Showing posts with label Mineral Exploration and Extraction. Show all posts
Showing posts with label Mineral Exploration and Extraction. Show all posts

Tuesday, September 25, 2012

Ucore Rare Earths welcomes Alaska State Initiative to Support Bokan Metallurgical Research


HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 25, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to report that the Mineral Industry Research Laboratory of the University of Alaska Fairbanks ("UAF" or "the University") has been awarded $297,000 by the Alaska Department of Commerce, Community and Economic Development.
UAF will be conducting research with respect to the processing and extracting of rare earth element-bearing minerals from ore material sourced from Ucore's Bokan Mountain deposit. The University will also conduct research on the procedure for the handling of waste rock. These specific process refinements will further enhance metallurgical testing carried out by Ucore. The announcement of this funding highlights the active role of the State of Alaska in the development of its enormous rare earth mineral potential.

"We're extremely pleased to have the University of Alaska Fairbanks team involved with the Bokan Mountain project," said Jim McKenzie, President and CEO of Ucore. "We welcome the opportunity to work with a very skilled and mining-experienced research staff at UAF, accessing the advanced human and technical resources available at that facility.

"UAF is the home of the College of Engineering and Mines," continued McKenzie. "That institution has provided immeasurable support to mine design projects throughout the state, expediting and improving both ore extraction and processing methodologies. UAF research involvement should also be indispensable as we advance into pilot scale testing in 2013. We'd additionally like to take this opportunity to thank Governor Parnell's office for its involvement in this initiative and for the ongoing support of the Bokan Mountain Heavy Rare Earth Project by the State of Alaska."

About Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements Dysprosium, Terbium and Yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earths elements, as disclosed in the Company's NI 43-101 compliant resource estimate, released in March of 2011.

Jim McKenzie, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Jim McKenzie
Ucore Rare Metals Inc.
President and Chief Executive Officer
(902) 482-5214
www.ucore.com
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Monday, August 13, 2012

Scientist and inventor joins Ucore Rare Metals

HALIFAX, NOVA SCOTIA--(Marketwire - Aug. 13, 2012) -Ucore Rare Metals Inc (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce that Dr. Richard Hammen has been appointed to Ucore's Advisory Board.

Dr. Hammen is the inventor of Solid Phase Extraction ("SPE") technologies for the chemical separation of various materials. SPE is an innovative American technology, developed by Dr. Hammen in cooperation with the EPA and National Science Foundation. Dr. Hammen has been granted multiple US patents for these inventions and most recently has been focusing his research on the development of SPE products for the mining industry as President of IntelliMet LLC, of Missoula Montana.

Dr. Hammen has over 40 years of experience in the field of analytical chemistry. He is a former director of the Analytical Chemistry Laboratory at NASA / Caltech Jet Propulsion Laboratory. He was a founding employee of Vestar Inc., a biotech company started by Cal Tech faculty and affiliates, and former CEO of ChromatoChem Inc and ChelaTech Inc.

Dr. Hammen received a B.S. degree in Chemistry from Stanford University and subsequently a Ph.D. in Organic Chemistry from the University of Wisconsin. Dr. Hammen was a postdoctoral scholar at UCLA, and competed in World Championships on the US National Cycling Team.

"We're honored that a scientist of Dr. Hammen's caliber has agreed to join Ucore on an ongoing basis," said Jim McKenzie, President & CEO of Ucore, "His development of SPE as a uniquely American technology has the potential to significantly improve on traditional rare earth separation processes, and leap frog the United States as a competitive source of HREE's in the international arena. We welcome his addition to the Ucore team."

Background
Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements Dysprosium, Terbium and Yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earths elements, as disclosed in the Company's NI43-101 compliant resource estimate, released in March of 2011.

FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Jim McKenzie
Ucore Rare Metals Inc.
President and Chief Executive Officer
(902) 482-5214
www.ucore.com
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Monday, April 11, 2011

International Lithium Corp IPO - AIP buying into new company spinning out of TNR Gold Corp.

Initial Public Offering:
International Lithium Corporation [TSX: ILC]


(Right: International Lithiums Marianna lithium brine project in Argentina)

Alternative Investment Partners (“AIP”) has secured an allocation for International Lithium Corporation’s (“ILC”) upcoming Initial Public Offering (IPO) (via a spin-off through a ‘Plan of Arrangement’ from TSXV-listed TNR Gold Corp.) with an issue price of 25 cents. Cornerstone investors will also receive free 1-for-1 warrants (options).

Monday, April 4, 2011

One of worlds largest lithium deposits confirmed in economic assessment!

Rodinia Lithium Inc. Rodinia Lithium Inc.

TSX VENTURE: RM
OTCQX: RDNAF

Apr 04, 2011 07:00 ET

Rodinia Lithium Announces Commencement of Preliminary Economic Assessment for the Salar De Diablillos

-- Recoverable inferred resource of 2,800,000 tonnes lithium carbonate equivalent marks major milestone for the company

-- Represents one of the largest recoverable lithium brine resources in the world 

Tuesday, March 29, 2011

SanGold to increase production in 2011.

One ounce gold bar.Image via Wikipedia
FOR IMMEDIATE RELEASE March 28, 2011


2011 Outlook:


- Gold production of 80,000 oz (2,488 kg), starting at 15,000 oz in Q1 and increasing to 25,000 oz in Q4


- Increase in production to an average of 1,200 tons per day, exiting the year at 1,400 tons per day and cash cost approaching $650 per ounce.


- Exploration expenditures in excess of $20 MM near surface along Shoreline Basalt and at depth along projections of existing zones.


- Significant Capital Development planned to access new faces at 007, 007 East, Cohiba, L10, and L13 zones

 
The Company recognized revenue of $58.0 MM for the year

Wednesday, October 6, 2010

TALISON LITHIUM REPORTS STRONG YEAR-END PRODUCTION RESULTS


(Notes: Talison Lithium (“TSX: TLH”) is up 37% in first week of public trading.)

Talison also Announces Greenbushes Phase I Plant Expansion and Reserve Expansion Drilling Underway

NEWS RELEASE
Vancouver, British Columbia, October 5, 2010

Talison Lithium Limited (“Talison” or the “Company”) (“TSX: TLH”)
is pleased to provide the following year-end unaudited production results for its Greenbushes lithium mine (the “Greenbushes Lithium Operations”) in Western Australia.
Greenbushes Lithium Operations - Year End Production Results
The following production highlights are for the Greenbushes Lithium Operations for the financial year ended June 30, 2010:

Lithium concentrate production of 276,906 tonnes (41,000 tonnes lithium carbonate equivalent (“LCE”)), representing a 33% increase over 2009; and Lithium concentrate sales of 256,767 tonnes (38,000 tonnes LCE), representing a 19% increase over 2009.

The Greenbushes Lithium Operations finished fiscal 2010 with record lithium concentrate production. In addition, the demand for both technical and chemical grade lithium concentrate increased during 2010 as markets showed significant signs of recovery after the global financial crisis in 2009.

Greenbushes Lithium Operations - Stage 1 Expansion
The Stage 1 expansion of chemical grade lithium concentrate production capacity at the Greenbushes Lithium Operations is currently underway with completion anticipated early in calendar 2011. This expansion is designed to add 50,000 tonnes per annum of lithium concentrate production capacity (8,000 tonnes LCE) to satisfy current customer demand.

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Reserve & Resource Expansion Drilling Program
In September 2010 Talison initiated a drill program at the Greenbushes Lithium Operations with the aim of significantly increasing its lithium reserves and resources. An updated reserve and resources statement is currently planned to be completed during the second calendar quarter of 2011.
Talison’s current proven and probable mineral reserves total 9.6Mt at a grade of 3.9% Li2O. The measured and indicated mineral resource (inclusive of the mineral reserves) totals 22.0Mt at a grade of 3.7% Li2O. Talison’s current mineral resources and mineral reserves at the Greenbushes Lithium Operations are set out in its entirety in the tables below.

Greenbushes Lithium Mineral Resources at March 31, 2010 Category Tonnage (Mt) Li2O Grade (%)
Measured Mineral Resource
0.10
3.9
Indicated Mineral Resource
21.9
3.7
Total Measured and Indicated Mineral Resource
22.0
3.7
Inferred Mineral Resource
2.7
3.5

Notes: Mineral Resources include Technical Grade ore type at a 4% Li2O block cut-off (and Fe2O3<0.1%) and Chemical Grade ore type at a 3.2% Li2O block cut-off; Mineral Resources estimated by Ordinary Kriging into 20mNx20mEx5mRL parent blocks; stockpiles included as Measured Mineral Resources; some rounding errors in totals; Lithium domains are drawn at a 2.8% Li2O grade boundary.

Greenbushes Lithium Mineral Reserves at March 31, 2010 Category Tonnage (Mt) Li2O Grade (%)
Total Proven Mineral Reserve
0.10
3.9
Total Probable Mineral Reserve
9.5
3.9
Total Proven and Probable Mineral Reserve
9.6
3.9

Notes: Proven Mineral Reserves comprise exclusively ROM stockpiles; some rounding errors in totals; Mineral Reserves at June 30, 2009 depleted by production of 431,000t to March 31, 2010; further depletion of the Mineral Reserves of 212,190t has occurred during the production period from April 1, 2010 to June 30, 2010 but the Mineral Reserves have not been updated from March 31, 2010.

About Talison
Talison is an international mining company that is listed on the Toronto Stock Exchange. Talison is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia which has been in production for in excess of 25 years. During this time the operation has continually expanded as market demand warrants and based on current reserves and production plans boasts a mine life of in excess of 12 years. Talison is the primary supplier to the Chinese Lithium chemical producers, who in turn are the major suppliers to the Chinese battery market. In addition, Talison explores for lithium in Chile at the Salares 7 lithium project made up of seven salars (brine lakes that are prospective for sub-surface lithium and potassium) and the surrounding concessions in Region III, Chile. Talison also has an extensive, well established global customer network and a leading position in the growing Chinese market.

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For further information please contact:
Talison Lithium Limited
Todd Hilditch
Investor Relations Director
Talison Lithium Limited
Tel: 604 443 3831
Email: Todd.Hilditch@talisonlithium.com
www.talisonlithium.com
Cautionary Notes

Forward-Looking Statements

Certain information contained or incorporated by reference in this press release, including any information as to Talison’s strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, constitutes “forward-looking statements” within the meaning of Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements can often, but not always, be identified by the use of words such as “plans”, “expects”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “predicts”, “potential”, “continue” or “believes”, or variations (including negative variations) of such words; or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might”, “potential to”, or “will” be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts.

The purpose of forward-looking statements is to provide the reader with information about management’s expectations and plans for 2011 and subsequent years. Actual results may vary.

Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to, lithium market and lithium concentrate prices; sales risks related to China; currency risks; dependence on limited mining properties; uncertainty in the estimation of mineral reserves and mineral resources; uncertainty relating to inferred mineral resources; production and operating risk; uncertainty relating to production estimates; total cash cost of lithium concentrate production; environmental risks and hazards; licenses and permits; uncertainty relating to remediation costs; proposed Australian mineral resource rent tax; government regulation; lithium exploration and exploitation in Chile; uncertainty relating to land over-staking; availability of water rights; human resources availability and retention; native title; aboriginal heritage; no assurance of titles or boundaries; exploration and mining tenements forfeiture; exploration risk; counterparty risk; concentrated customer base; risks to the Greenbushes Lithium Operations as a result of Talison’s recent reorganization; insurance and uninsured risks; impairment of asset carrying values; general economic condition, business environment and other risks; financing requirements; control risk; dividend policy; director and officer conflicts of interests; difficulty enforcing judgements and effective service of process; volatile market for ordinary shares; and future sales of ordinary shares by Talison’s founding shareholders. These risks and uncertainties are fully described in detail in Appendix “D”, Information Concerning Talison Lithium Limited, to the Management Information Circular of Salares Lithium Inc. (“Salares”) dated August 20, 2010, which can be found on Salares’ SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Readers are cautioned that forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries, including costs, production and returns, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These factors are fully discussed in Appendix “D”, Information Concerning Talison Lithium Limited, to the Management Information Circular of Salares dated August 20, 2010, which can be found on Salares’ SEDAR profile at www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.

Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking information contained herein are made as of the date of this document based on the opinions and estimates of management on the date statements containing such forward looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information.

Technical Information
Certain technical information in this press release has been summarized or extracted from the technical report in respect of the Greenbushes Lithium Operations titled “Greenbushes Lithium Operations in Western Australia – Australia” dated July 26, 2010 (the “Technical Report”) prepared by Peter D. Ingham, Adrian J. Brett, and Ian R. White of Behre Dolbear Australia Pty Limited, and Scott Jackson of Quantitative Group Pty Limited, each of whom is an independent “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Scientific and technical information contained in this press release has been prepared under the supervision of Andrew Purvis, BSc (Hons), MSc, MAusIMM, Group Geologist of Talison whom is a “Qualified Person” as defined in National Instrument 43-101. Readers are cautioned not to rely solely on the summary of information contained in this release, but should read the Technical Report which is posted on Talison’s website at www.talisonlithium.com and filed under Talison’s SEDAR profile at www.sedar.com and any future amendments to such report. Readers are also directed to the cautionary notices and disclaimers contained therein

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