Ucore Rare Metals Inc.

Ucore Rare Metals Inc. is pleased to announce a closing of its previously announced non-brokered private placement of new convertible debentures for aggregate gross proceeds of $1.5 million . Proceeds from the Offering are to be used for general working capital purposes. Pursuant to the Offering, the Company has issued 1,510 convertible debentures at a price of $1,000 per Debenture. The Debentures bear interest at a rate [...]

Ucore Rare Metals Inc. is pleased to announce that it has been invited to present at the Mine to Magnet Workshop presented by the National Defense Industry Association on January 16 and 17, 2024, and hosted by Lockheed Martin. Ucore personnel will be presenting at the "Disruptions and Substitutes" Session, taking place on Wednesday, January 17, 2024. The Workshop will gather stakeholders from across the rare earth supply [...]

Ucore Rare Metals Inc. is pleased to announce anticipated amendments to, and the extension of, previously-issued convertible debentures with a current maturity of May 31, 2024 . The 2020 Convertible Debentures were originally sold and issued by the Company in May of 2020. On May 21 and 29, 2020, the Company issued 1,280 and 1,520 of the 2020 Convertible Debentures respectively, with a face value of $1,000 each for total [...]

Ucore Rare Metals Inc. and Defense Metals Corp. announce: The planned shipment of a mixed rare earth carbonate sample generated from Defense Metals' Wicheeda Project in British Columbia to Ucore's RapidSX™ Commercialization and Demonstration Facility in Kingston, Ontario The shipment represents one of the first collaborative projects commenced under a Q4-2023 executed Memorandum of Understanding to explore an [...]

Ucore announces: The execution of a multi-decade lease for an 80,800 square foot brownfield facility on a 10.7+ acre industrial parcel for its developing rare earth element processing facility in Alexandria, Louisiana Ucore Rare Metals Inc. is pleased to announce the January 1, 2024, acquisition of an 80,800 square foot brownfield facility on a 10.7+ acre industrial parcel for the development of its first commercial rare [...]

China announced a ban on the export of technology to produce rare earth permanent magnets on December 21, 2023, and confirmed its existing ban on the export of technology to extract and separate rare earth elements. China has a virtual monopoly on the processing of heavy rare earth elements such as dysprosium. Ucore has commenced a US$4 million contract with the US Department of Defense to demonstrate its RapidSXTM rare [...]

Ucore Rare Metals Inc. is pleased to announce amendments to and the extension of certain debt agreements with Orca Holdings, LLC that were agreed to on December 22, 2023. "We are pleased with Orca's vision and desire to support a longer-term creditor position in the Company," stated Pat Ryan, Ucore Chairman & Chief Executive Officer. "The timelines associated with these credit agreement amendments work in step with [...]

Ucore announces: Completion of its third and final stage of Commercial Demonstration Plant commissioning procedures Commencement of the US Department of Defense demonstration program Ucore Rare Metals Inc. announces the completion of its planned commissioning procedures for the Company's RapidSX™ Commercial Demonstration Plant for the separation of heavy and light rare earth elements . The Demo Plant is located [...]

Ratcliff Construction and Orbital Engineering Selected for Production Effort - Meetings Held at Kingston Demo Plant for Kick-off Program Ucore announces Strategic Metals Complex updates: Louisiana Governor Jon Bel Edwards has executed a as part of the broader US$15 million Louisiana Economic Development incentive package. The selection of Orbital Engineering's Baton Rouge, LA, Office for construction engineering services [...]

Ucore Announces: It is the recipient of $4.28 million funding agreement from the Government of Canada for the demonstration of Ucore's RapidSX™ Rare Earth Element Separation Technology Capabilities . Under the Project, the Company will produce high-purity NdPr, Pr and Nd over a 6-month period from 13-15 tonnes of Canadian and US feedstock sources. Ucore Rare Metals Inc. is pleased to announce that the Company has [...]