Ucore Rare Metals is pleased to provide the following corporate update regarding the Company, its wholly owned subsidiary, Innovation Metals Corp. and its proprietary RapidSX™ technology for the separation and purification of rare-earth elements and critical metals - including both heavy REE and light REEs, lithium, nickel, and cobalt. Ucore, IMC and the RapidSX™ Technology Ucore's recent 100% acquisition of technology [...]
Ucore Rare Metals 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. Management Team Appointments With the recent integration of the Company's acquisition of Innovation Metals Corp. and its proprietary RapidSX™ technology for the separation and purification of critical metals, including [...]
Ucore Rare Metals Inc. 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 [...]
Ucore Rare Metals Inc. is pleased to announce that further to its previous announcements, the Company has closed the second and final tranche of its non-brokered private placement of unsecured 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 [...]
Ucore Rare Metals Inc. is pleased to announce that it has closed the first tranche of its $2.8 million non-brokered private placement of unsecured 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 [...]
Ucore Rare Metals Inc. 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 [...]
Ucore Rare Metals Inc. is pleased to announce that it received the approval of the TSX Venture Exchange and completed the closing of the Company's acquisition of Innovation Metals Corp. . On April 27, 2020, the Company announced that it had executed a Share Purchase Agreement with IMC and its shareholders. Pursuant to the terms of the Purchase Agreement, on May 8, 2020 Ucore paid a deemed aggregate purchase price of [...]
Ucore Rare Metals Inc. to Acquire 100% Ownership of Innovation Metals Corp. and RapidSXTM Innovation Metals developed its RapidSXTM Technology for the separation of critical metals, including rare earth elements, lithium, nickel and cobalt Dr. Gareth Hatch, CEO of Innovation Metals, to join Ucore as Chief Technology Officer Ucore Rare Metals Announces C$2.8 Million Concurrent Financing Ucore Rare Metals Inc. is pleased 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. 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 . On December 9, 2019, IBC formally filed its [...]
Ucore Rare Metals Inc. is pleased to provide updates on matters of significance to its shareholders, specifically: commentary regarding the novel coronavirus and the world's need for diversified supply chains; and updated information concerning the Company's legal proceedings pertaining to its prospective acquisition and integration of IBC Advanced Technologies, Inc. . COVID-19: Company Update & Commentary On [...]
Ucore Rare Metals Inc. is pleased to provide the following progress update 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. Alaska SMC Separation Technology Testing with RapidSX™ Pursuant to the Metal component of the M³ Plan, the Company is pleased to announce the [...]
Ucore Rare Metals Inc. is pleased to provide the following progress update 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. AIDEA Financing Opportunity Update The Alaska Industrial Development and Export Authority is the development finance arm of the State of Alaska [...]