Ucore Rare Metals Inc. is pleased to announce that on December 4, 2019, the Supreme Court of Nova Scotia orally granted the interlocutory injunction requested by Ucore against IBC Advanced Technologies, Inc. and Steven R. Izatt . The Injunction shall remain in place until the conclusion of the trial regarding the December 11, 2018 action brought [...]
Ucore Rare Metals Inc. , is pleased to announce that it has renegotiated the terms of its long-term debt owing to Orca Holdings, LLC and that Orca has agreed to a reduction in the interest rate and an extension of the maturity date of the loan , as well as an immediate repayment of a portion of the debt. As described in the Company's press release [...]
Ucore Rare Metals Inc. 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 [...]
This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. This release is being made by Randy Johnson to report information concerning holdings of Mr. Johnson and Orca Holdings, LLC in [...]
On October 25, 2019, Ucore Rare Metals Inc. closed its previously announced rights offering which expired on October 23, 2019 . At closing, Ucore issued 80,986,555 common shares of the Issuer 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 [...]
Ucore Rare Metals Inc. 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 and allegedly defamatory public comments made by IBC Advanced Technologies, Inc. and Steven R. Izatt . Ucore vs. IBC [...]
Ucore Rare Metals Inc. , is pleased to announce that it has closed its previously announced rights offering which expired on October 23, 2019 . At closing, Ucore issued 80,986,555 common shares of the Company 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 [...]
Ucore Rare Metals Inc. is pleased to announce the completion of its rights offering , 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 at a price of $0.10 CAD per share for gross proceeds of approximately $8,098,656 CAD. Ucore is now working [...]
Ucore Rare Metals Inc. is pleased to announce developments related to its comprehensive M3 Plan of Action . The Company has finalized a project-specific advisory team for the purpose of designing its heavy rare earth element solvent extraction plant and processing capabilities in Southeast Alaska , and with respect to its forthcoming anticipated [...]
Ucore Rare Metals Inc. 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. and specifically, the enforceability of the Option to Purchase Agreement and allegedly defamatory public comments made by IBC Advanced Technologies [...]
Ucore Rare Metals Inc. 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 for its Bokan-Dotson Ridge Rare Earth Project ; further to the Company's press release of September 10, 2019. "Ucore is advancing its flagship U.S. mineral resource at Bokan Mountain to [...]
Ucore Rare Metals Inc. is pleased to announce an upgraded mineral resource estimate for the Bokan Dotson-Ridge Rare Earth Project in Southeast Alaska . The upgrade to the Resource incorporates six additional critical co-product metals [1] not previously considered in mineral resource and economic estimates . Using a total rare earth oxide cut-off [...]
