Utah Court Dismisses IBC Complaint Against Ucore
Halifax, Nova Scotia--(Newsfile Corp. - May 29, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide an update on the legal proceedings in Utah commenced by IBC Advanced Technologies, Inc. ("IBC") and Steven R. Izatt against Ucore and some of its executives. During a hearing on May 23, 2019, the Third District Court, Salt Lake Division, Salt Lake County, State of Utah (the "Court") granted a motion submitted by Ucore to dismiss the January...
2019-05-29 8:17 AM EDT
Ucore Updates on Acquisition of IBC Legal Process
Halifax, Nova Scotia--(Newsfile Corp. - April 29, 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 involving the prospective acquisition of IBC Advanced Technologies, Inc. ("IBC"). During a hearing on April 23, 2019, the Supreme Court of Nova Scotia (the "Court") dismissed a motion submitted by IBC and Steven R. Izatt asking the Court to dismiss or...
2019-04-29 8:54 AM EDT
Ucore Updates on Acquisition of IBC Legal Process
Halifax, Nova Scotia--(Newsfile Corp. - April 8, 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. On March 25, 2019, the Nova Scotia Supreme Court confirmed amendments to Ucore's pleadings. The amendments expressly seek injunctive relief against IBC Advanced Technologies, Inc. ("IBC"), as well as explicitly seeking redress for IBC's alleged breach of the...
2019-04-08 9:52 AM EDT
Ucore Closes $3.6 M Non-Dilutive Financing
Halifax, Nova Scotia--(Newsfile Corp. - April 2, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that the Company has entered into a secured loan agreement (the "Loan") with Orca Holdings, LLC ("Orca") in the amount of CAD $3.6 million (USD $2.7 million). The proceeds from the Loan will be used for general working capital purposes, and to dismiss any short term amounts owing to Orca over the next six months (the "Short Term...
2019-04-02 8:30 AM EDT
Ucore Granted Interim Injunction to Preserve the Right to Acquire IBC
Halifax, Nova Scotia--(Newsfile Corp. - February 28, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") announces that on Monday February 25, 2019 it filed a Request for Emergency Motion for Interim Injunction to the Supreme Court of Nova Scotia (the "Court") in response to IBC Advanced Technologies, Inc.'s ("IBC") February 19, 2019, Notice of Termination of the Option Agreement. The Court agreed to hear this request yesterday, February 27, 2019. The Company...
2019-02-28 8:42 AM EST
Ucore Updates and Reiterates Position on Acquisition of IBC
Halifax, Nova Scotia--(Newsfile Corp. - February 21, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") announces its acknowledgement of a press release issued by IBC Advanced Technologies, Inc. ("IBC") on February 20, 2019, at 9:00 AM EST. This press release purports to announce IBC's decision to terminate the letter agreement, dated March 14, 2015, between Ucore and IBC, entitled "Option to Purchase IBC", as amended and extended (the "Option Agreement")....
2019-02-21 2:20 PM EST
Ucore Initiates Acquisition of IBC
Halifax, Nova Scotia--(Newsfile Corp. - February 14, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that earlier this morning the Company issued the Notice of Commencement ("NOC") to purchase IBC Advanced Technologies, Inc. ("IBC") as prescribed by the terms previously agreed to by Ucore, IBC, and the majority shareholders of IBC, and as embodied in the Option to Purchase Agreement dated March 14, 2015, as amended (the "OTP...
2019-02-14 9:00 AM EST
Ucore Completes Shares-for-Debt Transaction
Halifax, Nova Scotia--(Newsfile Corp. - January 2, 2019) - Ucore Rare Metals, Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has completed the shares for debt transaction originally announced on December 27, 2018 (the "Shares-for-Debt Transaction"), after receiving the requisite approval of the TSX Venture Exchange to settle certain consulting fees payable to Orca Holdings, LLC. Pursuant to this settlement arrangement, the company has issued to Orca...
2019-01-02 10:40 AM EST
Ucore Updates on Intent to Exercise Option to Purchase IBC
Halifax, Nova Scotia--(Newsfile Corp. - December 11, 2018) - Ucore Rare Metals, Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has retained the services of the law firm of Cox & Palmer as the Company's Canadian legal counsel to respond to certain erroneous public assertions made by IBC Advanced Technologies Inc. ("IBC") and Mr. Steve Izatt on November 26, 2018, regarding the Company's Option to Purchase IBC (the "OTP"), and to commence with a related...
2018-12-11 12:04 PM EST
Ucore Increases & Closes Private Placement
Halifax, Nova Scotia--(Newsfile Corp. - December 11, 2018) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement for total proceeds of $500,000, an increase from the initially expected $350,000 announced on November 30, 2018 ("the Placement"). Subscribers to the Placement included Orca Holdings LLC ("Orca") and Concept Capital Management Ltd ("CCM"). A total of 3,333,333...
2018-12-11 10:06 AM EST
Ucore Announces Non-Brokered Private Placement Financing
Halifax, Nova Scotia--(Newsfile Corp. - November 30, 2018) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it is conducting a non-brokered private placement of up to 2,333,333 units at $0.15 per unit, for total potential proceeds of $350,000 (the "Private Placement"). Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant gives the holder the right to purchase one common share at...
2018-11-30 10:17 AM EST
Ucore Updates on Intent to Exercise Option to Purchase IBC
Halifax, Nova Scotia--(Newsfile Corp. - November 28, 2018) - Ucore Rare Metals, Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide an update on the Company's recently announced intention to exercise its binding option to purchase IBC Advanced Technologies, Inc. of American Fork, Utah ("IBC") (the "Transaction"). Ucore has retained the services of the international law firm of Dorsey & Whitney LLP ("Dorsey") as the Company's U.S. legal counsel (with offices in...
2018-11-28 8:30 AM EST
Ucore Initiates Alaska SMC Consultation With Ketchikan Government Officials
Halifax, Nova Scotia--(Newsfile Corp. - November 26, 2018) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to report that it has initiated the consultation process with local government officials on the planned construction of the Alaska Strategic Metals Complex ("SMC"), to be located in Ketchikan Gateway Borough in Southeast Alaska. The commencement of consultations is yet another milestone in the overall process of designing, permitting,...
2018-11-26 10:22 AM EST
IIROC Trade Resumption - Ucore Rare Metals Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018) - Trading resumes in: Company: Ucore Rare Metals Inc.
2018-11-07 2:07 PM EST
Ucore Announces Intent to Exercise Option to Purchase IBC Advanced Technologies
Halifax, Nova Scotia--(Newsfile Corp. - November 7, 2018) - Ucore Rare Metals, Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce its intention to exercise its Option to Purchase IBC Advanced Technologies Inc. ("IBC") in accordance with the terms previously agreed to by Ucore, IBC, and majority shareholders of IBC, and embodied in the Option to Purchase Agreement dated March 14, 2015, as amended on June 1, 2016 (the "OTP Agreement"). Pursuant to the terms of the...
2018-11-07 2:00 PM EST
Alaska Government Development Agency Enters Financing Discussions with Ucore
Halifax, Nova Scotia--(Newsfile Corp. - October 22, 2018) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has entered financing discussions with the Alaska Industrial Development and Export Authority (AIDEA) for Ucore's Strategic Metals Complex (SMC), as the initial phase of Ucore's overall Bokan-Dotson Ridge Rare Earth Mine Project ("Bokan"). The commencement of discussions has been documented by a Letter of Support (the "Letter")...
2018-10-22 7:37 AM EDT
Ucore Accepts Invitation to Join US Critical Materials Institute
Halifax, Nova Scotia--(Newsfile Corp. - October 11, 2018) - Ucore Rare Metals Inc. ("Ucore" or the "Company) is pleased to announce that it has accepted an invitation to join the Critical Materials Institute (CMI). Established in 2013, CMI is an operating unit of Ames Laboratory, a US Department of Energy national laboratory located in Ames, Iowa. The mission of CMI is to develop solutions to domestic shortages of Rare Earth Elements (REE) and other materials critical for U.S. energy...
2018-10-11 7:45 AM EDT
Ucore Commences Alaska SMC Development Site Due Diligence
Halifax, Nova Scotia--(Newsfile Corp. - October 10, 2018) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce it has contracted with R&M Engineering-Ketchikan, Inc. of Ketchikan, Alaska ("R&M") to commence with the required due diligence regarding the purchase agreement of a comprehensive land package (the "Land Package") for the Company's forthcoming rare earth and strategic metals refinery and separation plant in Southeast Alaska, the Alaska...
2018-10-10 8:22 AM EDT