Ucore Rare Metals Inc. recently issued a press release announcing that Ucore had made a proposal to the U.S. Department of Defense in response to a request for information from the Defense Production Act Title III Office. Although the exact terms of the Proposal are not evident, it appears that Ucore represented that the technology and services [...]
Ucore Rare Metals Inc. is pleased to announce that the Company recently hosted Senators Lisa Murkowski and Dan Sullivan in separate visits to Ketchikan, Alaska, to discuss Ucore's promise as a secure domestic supply source for rare earth elements crucial to U.S. defense, manufacturing, and industrial base needs. "We're delighted to be working with [...]
- - Ucore Rare Metals Inc. commends the White House for its five , presidential determinations issued July 22, 2019, concluding that domestic rare earth processing capabilities are essential to national defense . The Defense Production Act of 1950, as amended, requires the president to make one or more Determinations in order to authorize the U.S [...]
Ucore Rare Metals Inc. has failed to contest findings related to the Bokan Mountain rare earth element deposit in Alaska made by independent expert Dr. David Hammond . IBC Advanced Technologies, Inc. filed a Motion for Leave to File a First Amended Complaint against Ucore and its principal officers in the Third District Court, Salt Lake County [...]
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. . The Supreme Court of Nova Scotia has now granted a request by Ucore to have a Case Management Judge assigned to the Proceedings. "The purpose of [...]
IBC Advanced Technologies, Inc. filed a Motion for Leave to File a First Amended Complaint against Ucore Rare Metals Inc. and principal officers of Ucore in the Third District Court, Salt Lake County, Utah on June 25, 2019 . The Motion for Leave to File a First Amended Complaint addresses the discovery of new facts. New claims are Breach of [...]
Ucore Rare Metals Inc. is pleased to comment on the U.S. Department of Commerce's report: A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals . Published June 4, 2019, the Report is a direct response to President Donald J. Trump's Executive Order 13817 issued on December 20, 2017. The comprehensive Report presents 6 Calls [...]
Ucore Rare Metals Inc. is pleased to provide an update on the legal proceedings in Utah commenced by IBC Advanced Technologies, Inc. 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 granted a motion submitted by Ucore to [...]
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. . During a hearing on April 23, 2019, the Supreme Court of Nova Scotia dismissed a motion submitted by IBC and Steven R. Izatt asking the Court to [...]
Ucore Rare Metals Inc. 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. , as well as explicitly seeking redress for [...]
Ucore Rare Metals Inc. is pleased to announce that the Company has entered into a secured loan agreement with Orca Holdings, LLC in the amount of CAD $3.6 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 STO's include payments [...]
Ucore Rare Metals Inc. announces that on Monday February 25, 2019 it filed a Request for Emergency Motion for Interim Injunction to the Supreme Court of Nova Scotia in response to IBC Advanced Technologies, Inc.'s February 19, 2019, Notice of Termination of the Option Agreement. The Court agreed to hear this request yesterday, February 27, 2019 [...]
