Recently, Mitt Romney wrote an open letter to Alaskans emphasizing that their state is in the vanguard of America reclaiming rare earth independence. He specifically supported Ucore’s (UCU.V) Bokan Mountain which is the most advanced heavy rare earth asset on U.S. soil.
In this letter written on 3-3-12, Romney stated:
Rare earth minerals found in Alaska can help free our country from monopolies abroad…in a Romney Administration, you will find permitting reform that will help Alaska unlock its potential, statewide. The federal government should be an ally in the effort to develop more of our nation’s resources, not an obstacle.
This statement by Mitt Romney came days before Ucore’s hiring of an experienced permitting expert to get Bokan into production in a timely manner. Ucore’s Jim McKenzie states,
Few people would have the broad skill set and Alaska-specific knowledge that Randy brings to Ucore. He’ll be working in close cooperation with the State of Alaska, the US Forest Service, and associated regulators to bring Bokan into production without delay. Randy represents the first of a comprehensive team of mine development specialists being assembled by Ucore COO Ken Collison, and we welcome him to the Ucore team.
Read the full press release by clicking here…
It must be remembered that Ken Collison who is assembling this team and taking on the responsibility of advancing this mine closer to production, was the Chief Operating Officer of Thompson Creek from 2005-2009.
During Ken’stenure at Thompson Creek the stock went from $.50 to $24.
He has over 40 years of experience in the mining industry and extensive experience in operations as well as permitting and preparation of feasibility studies. He is a man of little words, but a lot of action. To put it simply, Ken knows how to run successful and profitable mining operations.
Ken Collison took time out of his busy schedule working on the upcoming PEA to explain why he has taken on the responsibility of building a mine at Bokan after more than four decades of mining and a lot of success.
We ask Ken a question, “Why did you come to Ucore at this stage of your career?” Ken’s answer…three reasons…grade, grade and grade.We discuss howthe x ray technology plays a significant role from a mining engineering perspective.
Disclosure: Ucore is a featured company and we are long UURAF. Please do your own due diligence before investing in any stock.
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