Introducing the

About the Consortium

Dec 23, 2019. Ucore Rare Metals Inc. (TSX.V: UCU), in cooperation with Materion Corp. (NYSE: MTRN), announce the establishment of the Rare Earth Consortium (“REC”). The REC mission includes a response to a recent open U.S. Government solicitation for a strategic assessment of the domestic heavy rare earth element (“Heavy REE” or “HREE”) market, in conjunction with an engineering evaluation of the viability of HREE separation capabilities at various sites within the United States.

REC is comprised of a number of industry leading enterprises and government agencies active in the Strategic Metals Sector, including SGS Canada, Solvay, Mech-Chem and the Alaska Industrial Development & Export Authority (“AIDEA”). For more information, please see Dec 23 Press Release

Ucore Rare Metals is an enterprise focused on rare and critical metals resources, extraction and beneficiation technologies with near term potential for production, growth, and scalability. The Company has a 100% ownership stake in the Bokan Rare Earth Project (“Bokan”), the highest-grade NI 43-101 compliant Heavy REE resource on US soil. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for Senate Bill 99 (2014), which authorized the AIDEA to issue up to USD $145 million in bonds for the infrastructure and construction costs of the Bokan project. Ucore’s mission is to become a leading advanced technology company providing mineral separation products and services to the mining and mineral extraction industry.

Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies advanced materials to global markets. Our unique product portfolio includes high performance alloys, beryllium products, clad metal strip, composite metals, ceramics, inorganic chemicals, microelectronics packaging materials, precision optics, thin film coatings and thin film deposition materials.

SGS of Lakefield, Ontario, is one of the world’s most advanced engineering, testing, inspection, verification, and certification companies. SGS has invested significantly in SX design and testing facilities, with an industry-leading SX pilot plant available at its Lakefield location (the “SX Pilot”). The SX Pilot is capable of demonstrating the validity of North American rare earth separations, such as those HREE resources controlled by Ucore.

Mech-Chem of Norfolk, MA, is a full-service engineering and design firm with extensive experience in chemical processing systems. Mech-Chem brings capabilities relevant to the SX Plant design, engineering fabrication, and construction. Their areas of specialization include manufacturing facilities; operating processes; acid, chemical, and waste recovery systems; as well as environmental control systems.

Solvay is a global leader in advanced materials and specialty chemicals. Our tailor-made range of products and constantly evolving market solutions offer everyday sustainable solutions for next-generation transportation, resource efficiency, consumer goods, healthcare, and industrial production to easily accommodate every single one of the ever-changing demands.

Innovation is our driver. At Solvay, we have been connecting people and scientific minds for 156 years. It is part of our DNA. We are a science company with a remarkable past, aiming to re-invent the future with our technologies.

The Legislature created AIDEA to provide financing for Alaskan businesses to expand the economy of the state and provide jobs for Alaska.

AIDEA is about financing businesses, helping to diversify the economy of Alaska and creating jobs for Alaskans. AIDEA accomplishes its mission by providing various means of financing and by facilitating the financing of businesses in Alaska. AIDEA also has the ability to own and operate facilities that advance this goal.