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, Utah on June 25, 2019 . The filing contained the Independent Expert Findings [...]
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 Case Management is to achieve maximum efficiency and continuity, by having a [...]
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 Contract, Civil Conspiracy, and Fraud concerning the contemporary enterprise [...]
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 to Action, 24 goals, and 61 recommendations regarding the specific steps [...]
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 dismiss the January 4, 2019, Complaint filed by IBC against Ucore and some of [...]
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 dismiss or permanently stay proceedings before the Court on the basis that i [...]
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 IBC's alleged breach of the Option to Purchase Agreement between the [...]
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 on the sale leaseback, and subsequent repurchase of the Company's Rare Earth [...]
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. The Company is pleased to announce the Court has granted an interim [...]
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 . "This is not an unexpected maneuver on the part of IBC, as Ucore exercises [...]
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 aggregate of 2,702,702 common shares at a deemed price of 15 cents per [...]
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