Ucore, one of the first companies involved in the extraction of rare metals, has announced that it has been awarded the purchase of approximately 4.613 hectares in the Ray Mountains, in the heart of Alaska, an area with very high mining potential . The company has already been active for some time in Bokan Mountain, another area of Alaska, one of the richest in the world in REEs (Rare Earth Elements).
The President and CEO of Ucore Rare Metals Inc., Jim McKenzie, in a statement explained how important the significant support received from the State has been and how in the past this has allowed the development of fundamental mining facilities in Bokan Mountain and Prince of Wales Island. "With these successes behind us, we have decided to continue investing in REE in Alaska, the Ray Mountains together with the Bokan are in perspective the two most important remaining sites for the extraction of rare earths".
Curt Freeman, geologist and owner of Avalon Development Corp.'s Fairbanks, Alaska, mineral exploration base, said this latest acquisition is a sign that the industry is responding positively to state aid and raising awareness. federally about how critical these metals are today.
Alaska Dispatch
