Ucore Closes Fully-Subscribed Private Placement of Convertible Debentures
Halifax, Nova Scotia--(Newsfile Corp. - May 29, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that further to its previous announcements, the Company has closed the second and final tranche (the "Second Tranche") of its non-brokered private placement (the "Financing") of unsecured convertible debentures ("Convertible Debentures"). Pursuant to the Second Tranche, Ucore issued 1,520 Convertible Debentures at a price of $1,000 per...
2020-05-29 5:33 PM EDT
Ucore Closes First Tranche of Convertible Debenture Financing
Halifax, Nova Scotia--(Newsfile Corp. - May 22, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has closed the first tranche of its $2.8 million non-brokered private placement (the "Financing") of unsecured convertible debentures ("Convertible Debentures"), as previously announced on April 27, 2020. The Company currently intends to close the remainder of the Financing on May 29, 2020. Pursuant to the closing of the first...
2020-05-22 8:58 AM EDT
Ucore Grants Incentive Stock Options
Halifax, Nova Scotia--(Newsfile Corp. - May 15, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") advises that an aggregate of 2,650,000 options were granted to certain directors, officers, employees and consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of C$0.165 per share and expire five years from May 15, 2020, the date of grant. One third of the options will vest after four months,...
2020-05-15 6:48 PM EDT
Ucore Rare Metals Completes Acquisition of Innovation Metals Corp. and RapidSX(TM) Separation Technology
Halifax, Nova Scotia--(Newsfile Corp. - May 11, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it received the approval of the TSX Venture Exchange ("TSXV") and completed the closing of the Company's acquisition of Innovation Metals Corp. ("IMC"). On April 27, 2020, the Company announced that it had executed a Share Purchase Agreement (the "Purchase Agreement") with IMC and its shareholders. Pursuant to the terms of the...
2020-05-11 8:31 AM EDT
Ucore to Acquire Innovation Metals and RapidSX(TM) REE Separation Technology
Halifax, Nova Scotia--(Newsfile Corp. - April 27, 2020) -
2020-04-27 9:55 AM EDT
Supreme Court of Canada Decides in Favour of Ucore
Halifax, Nova Scotia--(Newsfile Corp. - April 16, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide an update on the legal proceedings in Nova Scotia commenced on December 11, 2018, (the "Action") involving the prospective acquisition of IBC Advanced Technologies, Inc. and specifically, the enforceability of the Option to Purchase Agreement ("OTP") and allegedly defamatory public comments made by IBC Advanced Technologies, Inc. and...
2020-04-16 10:06 AM EDT
Important Updates for Ucore Shareholders
Halifax, Nova Scotia--(Newsfile Corp. - March 31, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide updates on matters of significance to its shareholders, specifically: (1) commentary regarding the novel coronavirus (or "COVID-19") and the world's need for diversified supply chains; and (2) updated information concerning the Company's legal proceedings pertaining to its prospective acquisition and integration of IBC Advanced...
2020-03-31 12:07 PM EDT
Ucore Announces Technical Services Agreement with Innovation Metals Corp. for RapidSX(TM) Rare Earth Element Separation Technology Testing
Halifax, Nova Scotia--(Newsfile Corp. - February 14, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following progress update with respect to the roll-out of its MINE to METAL to MARKET plan of strategic actions (the "M³ Plan") for its Bokan-Dotson Ridge Rare Earth Project (the "Bokan Project" or "Bokan"); further to the Company's press release of September 10, 2019. Alaska SMC Separation Technology Testing with RapidSX™ Pursuant...
2020-02-14 8:57 AM EST
Ucore Teams with Materion on American Heavy REE Production Bid
Halifax, Nova Scotia--(Newsfile Corp. - December 23, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has partnered with Materion Corporation of Ohio (NYSE: MTRN) ("Materion") to respond to an open U.S. Government solicitation for a strategic assessment of the domestic heavy rare earth element ("Heavy REE" or "HREE") market, in conjunction with an engineering evaluation of the viability of HREE separation capabilities at...
2019-12-23 9:00 AM EST
Ucore Comments on Recent Trading Activity at the Request of IIROC
Halifax, Nova Scotia--(Newsfile Corp. - December 11, 2019) - At the request of the Investment Industry Regulatory Organization of Canada ("IIROC"), Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") confirms that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. About Ucore Ucore Rare Metals is a company focused on rare and critical metals resources, extraction and...
2019-12-11 6:38 PM EST
Ucore Granted Interlocutory Injunction to Preserve the Right to Acquire IBC
Halifax, Nova Scotia--(Newsfile Corp. - December 5, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that on December 4, 2019, the Supreme Court of Nova Scotia (the "Court") orally granted the interlocutory injunction (the "Injunction") requested by Ucore against IBC Advanced Technologies, Inc. and Steven R. Izatt (collectively "IBC"). The Injunction shall remain in place until the conclusion of the trial regarding the December 11,...
2019-12-05 10:57 AM EST
Ucore Renegotiates Long-Term Debt
Halifax, Nova Scotia--(Newsfile Corp. - November 27, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that it has renegotiated the terms of its long-term debt owing to Orca Holdings, LLC ("Orca") and that Orca has agreed to a reduction in the interest rate and an extension of the maturity date of the loan (the "Loan"), as well as an immediate repayment of a portion of the debt. As described in the Company's press release dated April...
2019-11-27 8:37 AM EST
Ucore Grants Incentive Stock Options
Halifax, Nova Scotia--(Newsfile Corp. - November 15, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") advises that an aggregate of 4,300,000 options have been granted to directors, officers, employees and consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of $0.12 per share and expire five years from November 15, 2019, the date of grant. One third of the options will vest after six months,...
2019-11-15 4:20 PM EST
Concept Capital Management Ltd. Acquires Common Shares of Ucore Rare Metals Inc.
Toronto, Ontario--(Newsfile Corp. - November 6, 2019) - On October 25, 2019, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (the "Issuer" or "Ucore") closed its previously announced rights offering which expired on October 23, 2019 ("Rights Offering"). At closing, Ucore issued 80,986,555 common shares of the Issuer ("Shares") at a price of CAD$0.10 per Share for total gross proceeds of CAD$8,098,655.50. Following the closing of the Rights Offering, Ucore has 365,116,414 Shares issued and...
2019-11-06 12:14 PM EST
Ucore Advances Nova Scotia Case Involving Acquisition of IBC
Halifax, Nova Scotia--(Newsfile Corp. - October 31, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") announces the following updates regarding legal actions stemming from the proposed acquisition of IBC Advanced Technologies, Inc. and specifically, the enforceability of the Option to Purchase Agreement ("OTP") and allegedly defamatory public comments made by IBC Advanced Technologies, Inc. and Steven R. Izatt (collectively, "IBC"). Ucore vs. IBC commenced...
2019-10-31 2:37 PM EDT
Ucore Closes $8.1 Million Rights Offering
Halifax, Nova Scotia--(Newsfile Corp. - October 30, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that it has closed its previously announced rights offering which expired on October 23, 2019 ("Rights Offering"). At closing, Ucore issued 80,986,555 common shares of the Company ("Shares") at a price of CAD$0.10 per Share for total gross proceeds of $8,098,655.50. Following the closing of the Rights Offering, Ucore has 365,116,414...
2019-10-30 10:59 AM EDT
Ucore Completes $8.1 Million Shareholder Rights Offering
Halifax, Nova Scotia--(Newsfile Corp. - October 25, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the completion of its rights offering (the "Rights Offering" or "RO"), which expired at 5:00 pm EDT on October 23, 2019. The Rights Offering will result in the expected issuance of approximately 80,986,555 common shares of Ucore ("Common Shares") at a price of $0.10 CAD per share for gross proceeds of approximately $8,098,656 CAD....
2019-10-25 11:15 AM EDT
Ucore Announces Team for Heavy REE SX Plant Design & U.S. Federal Funding
Halifax, Nova Scotia--(Newsfile Corp. - October 22, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce developments related to its comprehensive M3 Plan of Action (METAL Component). The Company has finalized a project-specific advisory team for the purpose of designing its heavy rare earth element ("HREE") solvent extraction plant and processing capabilities in Southeast Alaska (the "SX Plant"), and with respect to its forthcoming...
2019-10-22 10:08 AM EDT
Supreme Court of Canada Rules in Favour of Ucore
Halifax, Nova Scotia--(Newsfile Corp. - October 21, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide an update on the legal proceedings in Nova Scotia commenced on December 11, 2018, (the "Action") involving the prospective acquisition of IBC Advanced Technologies, Inc. and specifically, the enforceability of the Option to Purchase Agreement ("OTP") and allegedly defamatory public comments made by IBC Advanced Technologies, Inc. and...
2019-10-21 8:33 AM EDT
Ucore Updates on M(3) Plan of Action& RO Funding Participation
Halifax, Nova Scotia--(Newsfile Corp. - October 17, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following progress updates with respect to the roll-out of its MINE to METAL to MARKET plan of strategic actions ( the "M3 Plan" or "M3") for its Bokan-Dotson Ridge Rare Earth Project ("Bokan" or the "Project"); further to the Company's press release of September 10, 2019. "Ucore is advancing its flagship U.S. mineral resource at...
2019-10-17 11:31 AM EDT