Ucore Rare Metals Inc. is pleased to provide an update on the commercialization activities of its RapidSX technology for rare earth separation and purification at IMC's Commercialization and Development Facility in Kingston, Ontario, Canada., as well as the activities of its wholly-owned subsidiary, Innovation Metals Corp.

Many toys contain rare-earth magnets, and doctors warn that accidentally swallowing rare-earth magnets can cause serious injury. Rare earth magnets are magnets with powerful magnetic forces that can be fatal if swallowed. The U.S. Consumer Product Safety Commission limited the size of magnets back in 2012. However, a federal court ruling in 2016 reversed that decision.

Vancouver-based Stuhini Exploration Ltd. has decided to renew its Ruby Creek molybdenum project agreement on the second anniversary of its option with Global Drilling Solutions Inc., based on positive geological results from its 2021 exploration work and the continuous increase in molybdenum prices over the past 17 months.

China is the world's largest producer of rare earths, controlling over 80% of the world's rare earth production from lithium to silicon metal, and statistically, the world's largest economies from the US to the EU rely heavily on Chinese production to keep their electric vehicles running.