Ucore Rare Metals Inc. advises that an aggregate of 1,425,000 options have been granted to directors, officers, employees and consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable into common shares at a price of $1.30 per share and the options expire five years from April 11, 2023, the date of grant. One third of the options will vest after six months, with one third [...]
Ucore announces: The selection of an 80,800 square-foot brownfield facility as the location of its first planned rare earth production facility within the England Airpark in Alexandria, Louisiana An increase in its planned production ramp-up from 2,000 to 5,000 to 7,500 tonnes per annum of total rare earth oxides throughput Louisiana announces: An amended incentive offer of US$15 million which includes a US$900,000 grant [...]
Ucore continues to execute its 2023 transition to production and appoints: Rare earth industry veteran Mr. Geoff Atkins, as Vice President of Business Development Former Innovation Metals Corp.'s RapidSX™ Platform Design Manager, Mr. Jaan Hurditch, CEng, as Engineering Director Entrepreneur, scientist, and government relations expert Dr. Ahmad Hussein, as a member of the Advisory Board and Government Liaison [...]
Ucore's Kingston, Ontario, RapidSX™ Rare Earth Element Separation Demonstration Plant : hosted dozens of industry and government visitors for private tours and presentations in early March has successfully achieved the first phase of extraction testing during its synthetic monazite commissioning trials Ucore Rare Metals Inc. is pleased to provide an update on activities at its RapidSX™ Demonstration Plant for [...]
The Kingston, Ontario, RapidSX™ Demonstration Plant commissioning process is underway, once commissioned the plant is designed to demonstrate: the techno-economic advantages of the RapidSX™ technology platform processing tens of tonnes of heavy and light mixed rare earth element concentrates running thousands of semi-continuous run-time hours producing high-purity NdPr, praseodymium, neodymium, terbium, and [...]
Ucore Rare Metals Inc. is pleased to announce that further to its previous announcements, the Company has closed its non-brokered private placement consisting of a total of 7,055,795 units at a subscription price of $0.65 per Unit, for aggregate gross proceeds to the Company of $ $4,586,266.75. Each Unit consisted of one common share of the Company and one Common Share purchase warrant . Each Warrant entitles the holder [...]
Ucore Rare Metals Inc. announced its plans to complete a non-brokered private placement of approximately 3.1 million units for total proceeds of $2 million. The Company is pleased to announce that it has received subscription agreements for in excess of $4.2 million and that the Company intends to increase the size of the Offering and accept these additional orders. Proceeds from the Offering are expected to be used [...]
Ucore has received ≈2 tonnes of high-purity heavy rare earth element feedstock at its Kingston, Ontario, RapidSX™ Commercial Demonstration Plant HREE feedstock is the most coveted and difficult to separate of the rare earth feedstocks The Company will utilize this feedstock and a light rare earth element feedstock for the two planned initial commissioning trials of the Demo Plant's 51-stage RapidSX&TRADE [...]
Ucore Rare Metals Inc. announced its plans to complete a non-brokered private placement of approximately 3.1 million units for total proceeds of $2 million. The Company is pleased to announce that it has received expressions of interest that are expected to result in subscriptions for Units from accredited investors in an amount in excess of the previously announced $2 million limit and that the Company intends to [...]
Ucore Rare Metals Inc. is pleased to announce plans to complete a non-brokered private placement of approximately 3.1 million units for total proceeds of $2 million. Proceeds from the Offering are expected to be used towards the commissioning of the Company's planned RapidSXTM demonstration plant; the processing of initial feedstock through the demonstration plant; finalization of offtake and feedstock agreements [...]
Ucore: has narrowed down the Louisiana SMC site selection process to three existing brownfield facilities in Southwest and Central Louisiana and Mech-Chem Associates, Inc. executives will be visiting each of the prospective locations and meeting with state and local officials in mid-December intends to select a location in Q1-2023 to maintain the development schedule required by prospective OEM partners [...]
Ucore's rare earth element commercial demonstration plant is designed to process: Tens of tonnes of mixed rare earth concentrates on a per annum basis. Multiple feedstock sources, including heavy and light rare earth element feedstocks planned for the full-scale Louisiana Strategic Metals Complex. All RapidSX™ splits required to produce individual praseodymium, neodymium, terbium, and dysprosium. Planned start of [...]
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