Ucore Rare Metals Provides an Update Regarding Its Non-Brokered Private Placement
Halifax, Nova Scotia--(Newsfile Corp. - February 2, 2021) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that, further to its announcement dated January 28, 2021, the Company's non-brokered private placement has been oversubscribed and the Company is no longer accepting subscription agreements. The target closing date for the transaction is Monday, February 8, 2021. # # # About Ucore Rare Metals Inc. Ucore is focused on rare and critical...
2021-02-02 2:18 PM EST
Ucore Provides Update on RapidSX(TM) Technology for Near-Term Commercial Rare-Earth Elements Separation in USA
Halifax, Nova Scotia--(Newsfile Corp. - January 29, 2021) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following update regarding the Company's wholly owned subsidiary, Innovation Metals Corp. ("IMC"), and its ongoing commercialization development program for its RapidSX™ separation technology which is principally occurring at the RapidSX Commercialization and Development Facility ("CDF") in Kingston, Ontario
2021-01-29 8:47 AM EST
Ucore Rare Metals Announces Non-Brokered Private Placement of Units
Halifax, Nova Scotia--(Newsfile Corp. - January 28, 2021) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has received commitments from lead orders for an expected C$5 million private placement of units (the "Units") on a non-brokered basis at a price of C$1.00 per Unit (the "Private Placement"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each...
2021-01-28 4:30 PM EST
AIDEA Board Approves First Step Toward Ucore's Alaska SMC Development; Corresponds with Significant Rise in REO Prices over 2020
Halifax, Nova Scotia--(Newsfile Corp. - January 21, 2021) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that the Board of Directors (the "Board") of the Alaska Industrial Development and Export Authority ("AIDEA") unanimously passed a resolution authorizing the formalization of the preliminary due-diligence process that Ucore has been conducting with AIDEA staff since October of 2020. Ucore had then approached AIDEA regarding a...
2021-01-21 12:57 PM EST
Ucore Rare Metals Completes Share Consolidation
Halifax, Nova Scotia--(Newsfile Corp. - December 11, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that the Company's 1-for-10 share consolidation, as previously described in the Company's press releases dated October 20, 2020 and December 3, 2020, is now effective (the "Share Consolidation"). Trading of the Company's shares on a post-consolidated basis commenced at market open on Friday, December 11, 2020. The Share Consolidation...
2020-12-11 8:05 AM EST
Ucore Reports: US National Defense Authorization Act Mandates REE Mined and Refined Outside of China
Halifax, Nova Scotia--(Newsfile Corp. - December 9, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to report on several developments with rare earth elements ("REE") involving the US government's National Defense Authorization Act ("NDAA" or "the bill") for Fiscal Year ("FY") 2021. The bill, which passed the U.S. House of Representatives by a vote of 335 to 78 on December 8, 2020, requires most Department of Defense systems to use REE mined and...
2020-12-09 10:08 AM EST
Ucore Rare Metals - Voting Results of Special Meeting of Shareholders
Halifax, Nova Scotia--(Newsfile Corp. - December 3, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the voting results of the Company's Special Meeting of Shareholders held on December 3, 2020 regarding the Company's proposed 1-for-10 share consolidation (the "Share Consolidation"). At total of 80,188,966 shares were voted at the meeting either in person or by proxy, with a total of 76,866,649 shares, or 96% of total votes, being in...
2020-12-03 5:40 PM EST
Ucore Rare Metals Announces a Share Consolidation
Halifax, Nova Scotia--(Newsfile Corp. - October 20, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") announces its intention to affect a consolidation of its outstanding common shares on the basis of one (1) post consolidation share for every ten (10) pre-consolidation shares outstanding. Based on the number of shares currently outstanding, the outstanding shares of the Company will be reduced from 410,499,826 to approximately 41,049,982 on a non-diluted...
2020-10-20 8:43 AM EDT
Ucore Announces Shipment of 1.5 Tonnes of Bokan Mountain, Alaska Rare Earth Feedstock for RapidSX Separation
Halifax, Nova Scotia--(Newsfile Corp. - October 14, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that the Company has shipped more than 1.5 tonnes of rare-earth elements ("REEs") feedstock material produced from Ucore's Bokan-Dotson Ridge Heavy Rare Earth Project ("Bokan") in Alaska, USA, to the Innovation Metals Corp. ("IMC") RapidSX™ Commercialization and Development Facility ("CDF") in Kingston, Ontario, Canada. The Bokan REE...
2020-10-14 10:50 AM EDT
Ucore Provides Update on Agreement Between Innovation Metals Corp. and Hexagon
Halifax, Nova Scotia--(Newsfile Corp. - October 7, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") today announces that the Investment Agreement announced on October 10, 2019 between Ucore's wholly owned subsidiary, Innovation Metals Corp. ('IMC"), and Hexagon Energy Materials Limited ("Hexagon") has been terminated. The Investment Agreement provided Hexagon with a 12-month option ("Option") to acquire 49% of American Innovation Metals LLC, a prospective...
2020-10-07 8:30 AM EDT
Ucore Chairman Provides Strategic Update to Shareholders: Taking Action Today to Secure Tomorrow
Halifax, Nova Scotia--(Newsfile Corp. - October 6, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following message from Pat Ryan, Chairman & Interim CEO of Ucore: To our Valued Shareholders, The world is changing - and at an unprecedented pace. For Ucore's long-term shareholders and new supporters alike, this acceleration of change has generated opportunities that continue to evolve in our favour. Many of these opportunities are...
2020-10-06 9:02 AM EDT
Ucore & Innovation Metals Corp. Applaud White House Executive Order to Establish a U.S. Critical-Minerals Supply Chain
Halifax, Nova Scotia--(Newsfile Corp. - October 1, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") and its wholly owned subsidiary, Innovation Metals Corp. ("IMC"), applaud the new Executive Order from the United States Federal Government directing the enhancement of North American supply chains for critical minerals. The September 30, 2020 U.S. Presidential Executive Order, entitled, 'Executive Order on Addressing the Threat to the Domestic Supply Chain...
2020-10-01 2:23 PM EDT
Ucore Provides Update on RapidSX(TM) Commercialization Development for Near-Term Commercial Heavy and Light Rare-Earth Elements Separation in USA
Halifax, Nova Scotia--(Newsfile Corp. - October 1, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following update on the Company's wholly owned subsidiary, Innovation Metals Corp. ("IMC") and the commercialization development program for IMC's RapidSX™ technology, at the RapidSX Commercialization and Development Facility ("CDF") in Kingston, Ontario, Canada. IMC's proprietary RapidSX technology is being commercialized for the...
2020-10-01 9:29 AM EDT
Ucore Updates on Nova Scotia Court Decisions, Adds IBC Shareholders to Complaint
Halifax, Nova Scotia--(Newsfile Corp. - September 4, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") provides an update on the complaint it filed on December 11, 2018, against IBC Advanced Technologies, Inc. and Steven R. Izatt (collectively "IBC") in the Supreme Court of Nova Scotia (the "NSSC" or the "Court"). Background On December 18, 2019, the NSSC issued an interlocutory injunction order (the "Injunction Order") preserving an agreement between the...
2020-09-04 10:52 AM EDT
Ucore Reports USD $7M Fund in Support of Renewed Bokan Ross Adams Mine Site
Halifax, Nova Scotia--(Newsfile Corp. - August 18, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that the United States Forest Service ("USFS") has reached an agreement (the "Agreement") with Newmont USA Limited and Dawn Mining Company to finance the environmental renewal of the former Ross Adams uranium mine site at Bokan Mountain, Alaska (the "Ross Adams Site"). The on-site environmental reclamation project (the "Project") will...
2020-08-18 10:04 AM EDT
Utah Court Denies IBC's Attempt to Void the Option to Purchase Agreement with Ucore
Halifax, Nova Scotia--(Newsfile Corp. - August 6, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide an update on the lawsuit that was initiated on February 19, 2019, (the "Second Utah Complaint") by IBC Advanced Technologies, Inc. and Steven R. Izatt (collectively the "Plaintiffs" or "IBC") against Ucore and certain executives of the Company. Under the Second Utah Complaint, on March 6, 2020, IBC filed a Motion for Partial Summary...
2020-08-06 12:21 PM EDT
Ucore Announces RapidSX(TM) Commercialization and Development Facility; Kingston Process Metallurgy Awarded Contract as RapidSX(TM) Laboratory Partner
Halifax, Nova Scotia--(Newsfile Corp. - June 23, 2020) - Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce that further to the Company's June 18, 2020 announcement titled 'Strategic Update About Ucore, Innovation Metals and the RapidSX™ Technology', Ucore's wholly owned subsidiary, Innovation Metals Corp. ("IMC"), has executed a binding agreement with Kingston Process Metallurgy Inc. ("KPM") to serve as IMC's long-term laboratory partner for the...
2020-06-23 10:47 AM EDT
Strategic Update About Ucore, Innovation Metals and the RapidSX(TM) Technology
Halifax, Nova Scotia--(Newsfile Corp. - June 18, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following corporate update regarding the Company, its wholly owned subsidiary, Innovation Metals Corp. ("IMC") and its proprietary RapidSX™ technology for the separation and purification of rare-earth elements ("REEs") and critical metals - including both heavy REE ("HREEs") and light REEs ("LREEs"), lithium ("Li"), nickel ("Ni"), and...
2020-06-18 2:50 PM EDT
Ucore Bolsters Management Team; Sets the Stage to Initiate U.S. Rare Earths Independence
Halifax, Nova Scotia--(Newsfile Corp. - June 17, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following information with respect to senior management appointments, in addition to the implementation of its MINE to METAL to MARKET plan of strategic actions (the "M³ Plan"). Management Team Appointments With the recent integration of the Company's acquisition of Innovation Metals Corp. ("IMC") and its proprietary RapidSX™...
2020-06-17 10:35 AM EDT
McKenzie Transitions to Key Strategic Advisor for Ucore
Halifax, Nova Scotia--(Newsfile Corp. - June 15, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that Jim McKenzie has transitioned from his role as President, CEO, and a Director of Ucore to a Strategic Advisor position to Ucore's Chairman, Pat Ryan. While Mr. McKenzie will pursue other business commitments and interests, he plans to remain with Ucore for the long term as a key strategist to Mr. Ryan, and a proud Ucore shareholder....
2020-06-15 10:12 AM EDT