Ucore and Alaska’s Southeast Conference Execute MOA for the Funding of Strategic Metals Complex

Highlights
  • Ucore is developing the Alaska SMC for the processing of rare earth elements in Southeast Alaska
  • Vital Metals is producing rare earth concentrate from its Nechalacho rare earth project in NWT, Canada
  • Vital Metals is constructing a Rare Earth Extraction Plant to produce a mixed rare earth chemical concentrate in Saskatoon, Saskatchewan from the Nechalacho deposit
  • The Alaska SMC is planned to commence production of up to 2000 tonnes per annum (tpa) of individual rare earth oxides from US-allied feedstock by H1-2024
  • Vital Metals is expected to commence the supply of a minimum of 500 tpa of a cerium depleted concentrate to Ucore in 2024; expandable to over 2,500 tpa by 2026
HALIFAX, NOVA SCOTIA — October 19, 2021 —Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF) is pleased to announce the execution of a Memorandum Of Understanding (“MOU”) setting forth certain nonbinding understandings and binding agreements between Ucore and Vital Metals Limited (ASX:VML) (“Vital Metals” or “Vital”) (collectively the “Parties”). The MOU is the first step towards the establishment of a long-term supply agreement for the delivery of mixed rare earth chemical concentrate (“MREC”) from Vital Metals’ Nechalacho project to Ucore’s planned Alaska Strategic Metals Complex (“Alasks SMC”) in Ketchikan, Alaska. The MREC will be shipped from Vital’s Saskatoon, Saskatchewan, Rare Earth Extraction Plant which is expected to enter into production in 2022.

Continue reading

Satellite Vu raise £15m to help launch Space satellites within two hours

  • The fundraising is Satellite Vu’s second successful raise in the last six months, raising a total of £19 million (US$26m) over the period
  • The new funding will allow the Company to launch seven British made satellites into space to monitor the thermal footprint of any building on the planet every 1-2 hours
  • Satellite Vu’s latest funding round of £15 million ($20.7mn) was led by the Seraphim Space Investment Trust Plc, the world’s first listed Space Tech Fund. Also investing in the round include Draper Esprit; A/O PropTech, Europe’s largest proptech VC and Ridgeline Ventures.

 

London 20, October 2021: British satellite scale-up Satellite Vu, founded in 2016, has successfully raised £15 million ($20.7 million), as it looks to ramp up its plans to launch seven thermal and infrared imaging satellites into space that will be able to provide real-time data on how green every building on the planet is.

Continue reading

Boeing Global Services CEO Ted Colbert Named Black Engineer of the Year

Boeing Global Services CEO Ted Colbert, has been named Black Engineer of the Year (BEYA) for 2022 by U.S. Black Engineer & Information Technology magazine. The award, the highest honor in the long-running program, recognizes a public or private sector leader who has navigated business challenges and expanded opportunities for African-Americans in science, technology, engineering and mathematics.

Continue reading

Boeing Forecasts 20-year Middle East Commercial Jet and Services Market Valued at more than $1.4 Trillion

Commercial fleet expected to more than double to serve passenger and cargo demand

Projected widebody deliveries will be the highest proportion of any region at 44%

Aftermarket commercial services such as maintenance and repair worth $740 billion

DUBAI, United Arab Emirates, Oct. 20, 2021 – Boeing [NYSE: BA] said today that airlines in the Middle East will require 3,000 new airplanes valued at $700 billion and aftermarket services such as maintenance and repair worth $740 billion, with the region positioned to capitalize on the recovery of regional and international travel and cargo demand. Boeing provided the estimate in its 2021 Commercial Market Outlook (CMO), a forecast of 20-year demand for commercial airplanes and services.

Continue reading

Pinpoint: UK startup Naurt unveils first-of-its-kind location hyper-precise tracking software that improves GPS (GNSS)

Pinpoint: UK startup Naurt unveils first-of-its-kind location hyper-precise tracking software that improves GPS (GNSS)

 

  • Location? Naurt!: With up to sub-meter precision 45 times greater than GNSS, Naurt’s hyper precise technology to radically transform business and industry.
  • Technology: Naurt offers a plug and play software toolkit for high-precision tracking up to submeter accuracy.
  • Opportunity: Naurt already working with companies around the world. It will initially target micro-mobility and last mile delivery services which present a £270m ARR opportunity alone.

 

19th October 2021, London: Geo-location startup, Naurt, has today announced full public access to a game-changing software set to unlock the future of hyper-precise location tracking. Following a year of beta testing with a pilot group of high-profile local and international businesses and governments, Naurt has now made their first-of-its-kind software accessible to any and all businesses around the globe. The startup’s plug-and-play toolkit currently has no direct competitors and promises to deliver 45 times more accurate location data when used indoors or outdoors and across borders.

Continue reading