Ucore Rare Metals Inc. is pleased to provide the following update on the Company's wholly owned subsidiary, Innovation Metals Corp. and the commercialization development program for IMC's RapidSX™ technology, at the RapidSX Commercialization and Development Facility in Kingston, Ontario, Canada. IMC's proprietary RapidSX technology is being commercialized for the cost-effective bulk separation and purification of [...]
Ucore Rare Metals provides an update on the complaint it filed on December 11, 2018, against IBC Advanced Technologies, Inc. and Steven R. Izatt in the Supreme Court of Nova Scotia. Background On Dec. 18, 2019, the NSSC issued an interlocutory injunction order preserving an agreement between the parties dated March 14, 2015, pending further order of the Court and, inter alia, prohibiting IBC from: Taking any further steps [...]
Ucore Rare Metals is pleased to announce that the United States Forest Service has reached an 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. The on-site environmental reclamation project will be highly useful in setting a clean slate for the permitting and commencement of planned mining activities at the [...]
Ucore Rare Metals is pleased to provide an update on the lawsuit that was initiated on February 19, 2019, by IBC Advanced Technologies, Inc. and Steven R. Izatt 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 seeking an outright judgment by the U.S. District Court, District of Utah declaring: 1) the Option to Purchase [...]
Ucore Rare Metals Inc. is pleased to announce that further to the Company's June 18, 2020 announcement titled 'Strategic Update About Ucore, Innovation Metals and the RapidSX™ Technology', Ucore's wholly owned subsidiary, Innovation Metals Corp. , has executed a binding agreement with Kingston Process Metallurgy Inc. to serve as IMC's long-term laboratory partner for the commercialization of the RapidSX™ technology. IMC's [...]
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 [...]
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