Bokan mine development slowed as rare earth prices dip

Alaska Structures | May 18, 2016 | 4:24 pm Battery Metals Rare Earth

Image from Ucore Rare Metals.

Development of the Bokan Mountain rare earth mine is on hold as the company leading the project focuses on a new processing technology and waits for rare earth metal prices to rebound.

Nova Scotia-based Ucore Rare Metals Inc. finished infill drilling and drilled groundwater monitoring wells in 2014, leaving it at a natural stopping point before moving towards the next steps of development.

Ucore Vice President Randy MacGillivray said in an interview the company has delineated a resource of approximately 5 million tons that is 0.65 percent total rare earth metals.

Bokan, located on the southern part of Prince of Wales Island in Southeast, would be an underground mine.

Continue reading at Alaska Journal of Commerce