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 Ucore Rare Metals Inc. . Orca Holdings, LLC is wholly-owned by Mr. Johnson [...]
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 issued and outstanding. At the time of the previous early warning report filed [...]
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 commenced on December 11, 2018, in the Supreme Court of Nova Scotia. After an [...]
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 365,116,414 Shares issued and outstanding. A total of 66,552,655 Shares were issued [...]
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 with its subscription agent to process the subscriptions and the exact [...]
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 proposal for near term U.S. Government funding . The Company has attracted [...]
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 October 16, 2019, IBC submitted a motion [...]
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 diminish America's, and indeed the Western World's, dependence on Chinese [...]
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 grade of 0.40 percent, an additional 38.5 thousand tonnes of the critical and [...]
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 defamatory public comments made by IBC and Steven R. Izatt . On April 23, 2019, Ucore successfully opposed IBC's motion challenging the Nova Scotia [...]
Ucore Rare Metals Inc. is pleased to provide an update on the lawsuit that was initiated on January 4, 2019, by IBC Advanced Technologies, Inc. and Steven R. Izatt against Ucore and certain executives of the Company . During a hearing on May 23, 2019, when oral arguments were presented, the Third District Court, Salt Lake Division, Salt Lake County, State of Utah orally granted a motion in favour of Ucore to dismiss the [...]
On January 4, 2019, IBC Advanced Technologies, Inc. filed a Complaint in the Third District Court of the State of Utah, against Ucore Rare Metals Inc. , Jim McKenzie, Mark MacDonald, Randy McGillivray, and John Does I and II , seeking damages of no less than USD $20 million based on violation of common law and statutory claims, including misappropriation of IBC's trade secrets and confidential information, infringement [...]
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