The CEO of Ucore (UCU.V or UURAF), Jim Mckenzie, recently released significant news of the progress on Bokan Mountain as Ucore moves ahead in its development as the sole United States heavy rare earth provider. Alaskan Governor Parnell has placed Ucore on the proposed budget for 2013. He proposes to allocate $8.1 million into expediting Ucore’s development as a viable corporate entity. This is meat and potatoes stuff.
The state government of Alaska is sponsoring explicit support for Ucore’s Bokan Mountain which contains the strategically important heavy rare earth metals of dysprosium and terbium. These metals have been highlighted by the U.S. Department of Energy as being at risk of a supply shortfall in the near term.
Jim McKenzie, President and CEO of Ucore states, "The State of Alaska continues to take an active role in the development of its enormous rare earth and critical minerals potential...The allocation of substantial funding specifically targeting rare earth and strategic resource development at Bokan Mountain and across the state is a tremendous advantage for a very young industry with immense upside potential for employing Alaskans and adding to the state's export revenue. We applaud Governor Parnell's initiatives and look forward to working with the state to advance its critical metals revenue base."
Listen to my recent video blog post with CEO Jim Mckenzie discussing the support from the State of Alaska to establish this nascent rare earth industry right here on U.S. soil.
Disclaimer: Long UURAF
Don't forget to view previous interviews discussing the upcoming PEA and the recent announcement of an experienced mine engineer coming on board the Ucore Team.