Ucore Rare Metals Inc.
Climate Impact & Sustainability Data (2012, 2023, 2024)
Reporting Period: 2012
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Social Achievements
- Community consultation has been initiated and will continue throughout the permitting and operating period.
Climate Goals & Targets
Environmental Challenges
- Remote location with limited infrastructure.
- Complex permitting process within Tongass National Forest.
- Potential for environmental impacts on fish habitat and other sensitive ecosystems.
- Need for comprehensive reclamation plan.
Mitigation Strategies
- Environmental review completed.
- Baseline studies initiated to support environmental assessment.
- Community consultation initiated.
- Development and approval of a comprehensive reclamation plan will be required before key construction permits are issued.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- National Security
- Supply Chain Resilience
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Deploying Next-Generation RapidSX™ Critical Metals Separation Technology
- Establishing North America’s First Modern LREE & HREE Commercial Separation Facility in Louisiana (Only a 6X Technology Scale-Up)
- Engaging other Jurisdictions for Multiple LREE & HREE Commercial Separation Facilities Over the Next 2-5 years
Short-term Goals:
- Kingston Demonstration Plant –OEM Qualified Products
- Additional Canadian & US Government Support
- Secure Supply Agreements
- Finalized Offtake Agreements
- Louisiana EPC Contractor & Production Engineering Updates
Environmental Challenges
- IMC failing to protect its intellectual property rights associated with the RapidSX™ technology; the RapidSX™ technology failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued commercial rollout of RapidSX™ technology; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (“AIDEA”) regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- National Security
- Supply Chain Resilience
- Sustainable Technology
Environmental Achievements
- Developing RapidSX technology, which utilizes up to 70% less floor space and significantly reduces CAPEX & Physical/Environmental Footprint compared to conventional SX.
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Become a major supplier of rare earth elements to the North American market.
Medium-term Goals:
- Commission the Louisiana SMC.
- Establish additional SMCs in other jurisdictions.
Short-term Goals:
- Complete the 80 tpa Commercialization and Demonstration Facility (CDF) in Kingston, Ontario.
- Secure definitive feedstock arrangements for the Louisiana SMC.
Environmental Challenges
- Lack of midstream refining and processing capacity in the West.
- Primary extraction often remotely located, and domestic mining permits can take a decade.
- Heavy rare earth sources are controlled by China.
- Lack of qualified people for downstream processing.
- Nascent recycling ecosystems and low domestic feed quantities.
Mitigation Strategies
- Developing and deploying the RapidSX technology to address separation challenges.
- Securing feedstock partnerships with US-friendly sources.
- Seeking government support and incentives.
- Building Strategic Metals Complexes (SMCs) to increase processing capacity.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Discussions and negotiations with 25+ US-friendly feedstock sources
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- RapidSX technology
Awards & Recognition
- Not disclosed