reports
Ucore Rare Metals Completes Share Consolidation
Halifax, Nova Scotia--(Newsfile Corp. - December 11, 2020) - (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 was approved at the Company's Special Meeting of Shareholders held on December 3, 2020, with 96% of the total votes cast a...
Ucore Reports: US National Defense Authorization Act Mandates REE Mine...
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 refined entirely outside of China within five years and directs the government to prefer US suppliers o...
Ucore Rare Metals - Voting Results of Special Meeting of Shareholders
Halifax, Nova Scotia--(Newsfile Corp. - December 3, 2020) - (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 favour of the Share Consolidation, as described in the Company's Management Information Circular dated November 3, 2020. Ha...
Ucore Rare Metals Announces a Share Consolidation
Halifax, Nova Scotia--(Newsfile Corp. - October 20, 2020) - (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 basis. The percentage of the Company owned by each shareholder will not change. The Company's name and ticker symbols will ...
Ucore Announces Shipment of 1.5 Tonnes of Bokan Mountain, Alaska Rare ...
Halifax, Nova Scotia--(Newsfile Corp. - October 14, 2020) - (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 ("IMC") ("CDF") in Kingston, Ontario, Canada. The Bokan REE feedstock was shipped from SGS Canada Inc.'s facilities in Lakefield, Ontario.The Bokan heavy REE ("HREE") feedstock material will be used to produce a purified REE concentrate that will then be tr...
Ucore Provides Update on Agreement Between Innovation Metals Corp. and...
Halifax, Nova Scotia--(Newsfile Corp. - October 7, 2020) - (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") today announces that the Investment Agreement announced on 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 joint-venture company that on exercise of the Option, would have had the exclusive rights to commercialize IMC's RapidSX™ technology for rare-...
Ucore Chairman Provides Strategic Update to Shareholders: Taking Actio...
Halifax, Nova Scotia--(Newsfile Corp. - October 6, 2020) - (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 linked to emerging supply chain chaos, and the increasing instability of Chinese supply sources for metals of critical importa...
Ucore & Innovation Metals Corp. Applaud White House Executive Order to...
Halifax, Nova Scotia--(Newsfile Corp. - October 1, 2020) - (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, ',' directs the upgrade of U.S. mining and production capabilities amid threats from foreign adversaries and overreliance on Chinese supply chains and specifically addresses rare-earth elements ("...
Ucore Provides Update on RapidSX(TM) Commercialization Development for...
Halifax, Nova Scotia--(Newsfile Corp. - October 1, 2020) - (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide the following update on the Company's wholly owned subsidiary, ("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 cost-effective bulk separation and purification of rare-earth elements ("REEs") - including both heavy REE ("HREEs") and light REEs ("LREEs") - for th...
Ucore Updates on Nova Scotia Court Decisions, Adds IBC Shareholders to...
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").BackgroundOn December 18, 2019, the NSSC issued an interlocutory injunction order (the "Injunction Order") preserving an agreement between the parties dated March 14, 2015, (the "Option Agreement") pending further order of the Court and, inter alia, ...
Ucore Reports USD $7M Fund in Support of Renewed Bokan Ross Adams Mine...
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 be highly useful in setting a clean slate for the permitting and commencement of planned mining activit...
Utah Court Denies IBC's Attempt to Void the Option to Purchase Agreeme...
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 Judgment ("MPSJ") seeking an outright judgment by the U.S. District Court, District of Utah (the "Federal Cou...
Ucore Rare Metals Inc: 1 director sold
A director at Ucore Rare Metals Inc sold 1,057,391 shares at 0.125CAD and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
Ucore Announces RapidSX(TM) Commercialization and Development Facility...
American Critical-Materials Independence Starts Here.(TM)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 '', 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 commercialization of the RapidSX™ technology. IMC's proprietary RapidSX™ technology is being developed for the cost-effe...
Strategic Update About Ucore, Innovation Metals and the RapidSX(TM) Te...
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 cobalt ("Co").Ucore, IMC and the RapidSX™ TechnologyUcore's recent 100% acquisition of technology comp...
Ucore Bolsters Management Team; Sets the Stage to Initiate U.S. Rare E...
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 AppointmentsWith the recent integration of the Company's acquisition of Innovation Metals Corp. ("IMC") and its proprietary RapidSX™ technology for the separation and purification of critical metals, including rare-earth elements ("REEs"), lithium...
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.Mr. McKenzie led Ucore's team since 2007. The Company is proud of how it has remained resilient, spirit...
Ucore Closes Fully-Subscribed Private Placement of Convertible Debentu...
Halifax, Nova Scotia--(Newsfile Corp. - May 29, 2020) - (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 debenture for aggregate gross proceeds of $1.52 million which, when combined with the first tranche, resulted in a total of $2.8...
Ucore Closes First Tranche of Convertible Debenture Financing
Halifax, Nova Scotia--(Newsfile Corp. - May 22, 2020) - (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 tranche, the Company issued 1,280 Convertible Debentures at a price of $1,000 per debenture for gross proceeds totalling $1.28 mi...
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, with one third vesting every four months thereafter until fully vested. If all of the options are exerci...
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