Ucore Rare Metals Inc. is pleased to comment on the John S. McCain National Defense Authorization Act for Fiscal Year 2019, which was yesterday signed into law by the President of the United States. The new legislation prohibits the U.S. Department of Defense from acquiring Rare Earth Magnets from China. “This is a turning-point in the re-establishment of an independent US rare earth industry,” said Jim [...]
HALIFAX, Nova Scotia, July 31, 2018 -- Ucore Rare Metals Inc. is pleased to announce that Michael O. Barry, the current Chairman of the Board of Alaska Power & Telephone Inc. and former Chairman of the Board of the Alaska Industrial Development & Export Authority has accepted an appointment to the Ucore Advisory Board. In addition to his tenures at AP&T and AIDEA, Mike is the former Chairman of the Alaska Energy Authority [...]
HALIFAX, Nova Scotia, July 26, 2018 -- Ucore Rare Metals Inc. is pleased to comment on the filing of the Fiscal Year 2019 National Defense Authorization Act by the Committees on Armed Services of the Senate and the US House of Representatives. The bill is expected to be passed by both chambers of Congress over the next few days1.The legislation contains a Department of Defense prohibition against the use of rare earth [...]
Ucore Rare Metals is pleased to comment on recent initiatives by the Trump Administration to bolster United States rare earth element supply-chains. The U.S. Trade Representative last week provided notice of an initial action under Section 301 of the Trade Act of 1974 to levy a 10% incremental tariff on all REE and associated alloys purchased by the US from China. The list of targeted items specifically identifies all [...]
HALIFAX, Nova Scotia, July 03, 2018 -- Ucore Rare Metals Inc. is pleased to comment on recent activity in Washington, DC related to efforts to end dependence on Chinese-sourced critical rare earths and ensuring future domestic production. During the week of June 25th, 2018, senior Ucore representatives met with senior Trump Administration and Congressional officials in Washington, D.C. to discuss American dependence on [...]
HALIFAX, Nova Scotia, June 28, 2018 -- Ucore Rare Metals Inc. is pleased to announce that further to its news release dated June 20, 2018, the Company has now accepted additional proceeds in relation to the Company’s previously announced non-brokered private placement by issuing an additional 555,555 units at a subscription price of $0.18 per Unit for gross proceeds of approximately $100,000. Each Unit consists of [...]
HALIFAX, Nova Scotia, June 20, 2018 -- Ucore Rare Metals Inc. announces that Orca Holdings, LLC , a company owned and controlled by Randy T. Johnson of Ketchikan, Alaska, has notified the Company of a prospective desire to increase Orca’s investment in the Company such that Orca would control in excess of 20% of the Company’s voting shares on a partially diluted basis. This would result in Orca becoming a [...]
Nova Scotia, June 11, 2018 -- Ucore Rare Metals Inc. is pleased to announce that further to its news release dated May 23, 2018, the Company has successfully closed the first tranche of its non-brokered private placement by issuing 6,344,074 units at a subscription price of $0.18 per Unit for gross proceeds of approximately $1,142,000. Each Unit consists of one common share in the capital of the Company and one Common [...]
HALIFAX, Nova Scotia, May 23, 2018 -- Ucore Rare Metals Inc. is pleased to announce that it is conducting a non-brokered private placement of up to 8,000,000 units at $0.18 per unit, for total potential proceeds of $1,440,000 . Each unit consists of one common share and one common share purchase warrant. Each warrant gives the holder the right to purchase one common share at an exercise price of $0.25 for a period of 36 [...]
HALIFAX, Nova Scotia, May 07, 2018 -- Ucore Rare Metals Inc. is pleased to announce it has engaged IBC Advanced Technologies, Inc. of American Fork, Utah, to commence advanced engineering and design procedures for the U.S. Specialty Metals Complex to be constructed in Ketchikan, Alaska . On March 5, 2018, Ucore announced a 2020 production start date for the Ketchikan-based SMC . The agenda includes an advanced engineering [...]
HALIFAX, Nova Scotia, April 09, 2018 -- Ucore Rare Metals Inc. is pleased to announce that its pending joint venture partner, Kentucky River Properties LLC of Hazard, Kentucky, , has purchased an industrial facility in Eastern Kentucky for the purposes of accessing and processing rare earth elements and strategic metals from the Appalachian Coal Basin . KRP has completed the purchase of the Trus Joist Industrial Facility [...]
HALIFAX, Nova Scotia, March 19, 2018 -- Ucore Rare Metals Inc. is pleased to comment on the most recent Congressional initiatives to advance the US Coal Region as a domestic Rare Earth Element production district. The ongoing Congressional focus on the development of REE separation technologies, as evidenced by pending legislation such as the Rare Earth Element Advanced Coal Technologies Act introduced by Senator Manchin [...]
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