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 [...]
Ucore Rare Metals Inc. announces its acknowledgement of a press release issued by IBC Advanced Technologies, Inc. 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 [...]
Ucore Rare Metals Inc. is pleased to announce that it has completed the shares for debt transaction originally announced on December 27, 2018 , 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 an [...]
Ucore Rare Metals Inc. is pleased to announce that it has negotiated that certain consulting fees payable to Orca Holdings, LLC shall be paid through the issuance of common shares in the capital of Ucore rather than a cash payment. Pursuant to this settlement arrangement, the Company has agreed to issue to Orca an aggregate of 2,702,702 Common [...]
Ucore Rare Metals Inc. 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. and Mr. Steve Izatt on November 26, 2018, regarding the Company's Option to Purchase IBC , and to commence [...]
Ucore Rare Metals Inc. 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 . Subscribers to the Placement included Orca Holdings LLC and Concept Capital Management Ltd . A total of 3,333,333 [...]
Ucore Rare Metals Inc. 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 . 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 [...]