|Bid||0.195 x 0|
|Ask||0.200 x 0|
|Day's Range||0.185 - 0.200|
|52 Week Range||0.170 - 0.310|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.50|
Ucore Rare Metals, Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) 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 McKenzie, President and CEO of Ucore.
Ucore Rare Metals Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) is pleased to announce that Michael O. Barry, the current Chairman of the Board of Alaska Power & Telephone Inc. (AP&T) and former Chairman of the Board of the Alaska Industrial Development & Export Authority (AIDEA) 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 (AEA), and Co-Chair of the Taiwan Alaska Trade and Cooperation Council (TATCC).
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 magnets and tungsten from non-allied nations, including China. Section 871 of the FY19 NDAA specifically requires that all rare earth (REE) magnets and tungsten be melted or produced in nations other than China, Russia, Iran and North Korea. Section 871 was introduced during the House Armed Services Committee’s markup of the NDAA by Congressman Paul Cook, a retired U.S. Marine Corps colonel.
Ucore Rare Metals, Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) is pleased to comment on recent initiatives by the Trump Administration to bolster United States rare earth element (REE) supply-chains. The U.S. Trade Representative last week provided notice of an initial action under Section 301(b) of the Trade Act of 1974 (19 U.S.C. 2411b) (“Section 301”) to levy a 10% incremental tariff on all REE and associated alloys purchased by the US from China.
Ucore Rare Metals, Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) 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 the Chinese supply of critical materials, and Ucore’s plans for a domestic Strategic Metals Complex (SMC) in Southeast Alaska.
Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at an exercise price of $0.25 until June 28, 2021.
Ucore Rare Metals Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) announces that Orca Holdings, LLC (“Orca”), 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 “Control Person” as defined by TSXV Policy 1.1 and any such transaction may also result in a “Change of Control” as defined in TSXV Policy 1.1, which would be subject to the approval of both the TSX Venture Exchange and a majority of the Company’s disinterested shareholders (in accordance with TSXV Policies as well as Multilateral Instrument 61-101 “Protection of Minority Security Holders in Special Transactions”). However, no offer has been made by any party and no transaction is being contemplated by the Company at this time. Orca currently owns or controls 36,188,032 common shares of the Company (representing 13.1%) and 11,408,772 warrants that are exercisable into that number of additional common shares of the Company (representing an aggregate of 16.5% on a partially diluted basis). Orca filed an early warning report on SEDAR on January 19, 2016 when it completed a royalty conversion transaction with the Company and then held approximately 15% of the Company’s common shares. Orca also participated in the Company’s recent Private Placement. Details are available on SEDAR at www.sedar.com and on SEDI at www.sedi.ca.
Ucore Rare Metals Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) is pleased to announce that further to its news release dated May 23, 2018, the Company has successfully closed the first tranche (the “First Tranche”) of its non-brokered private placement (the “Private Placement”) by issuing 6,344,074 units (“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 (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
Ucore Rare Metals Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) 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 (the “Private Placement”). 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 months. The closing of the Private Placement is subject to certain conditions, including, but not limited to the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
Ucore Rare Metals Inc. is pleased to announce that it has generated an optimized oil sands concentrate, and has shipped select samples of the resultant pregnant leach solution to IBC Advanced Technologies ...
Ucore Rare Metals Inc. is pleased to announce that Dean Popps, currently serving as Senior Counsel to FH+H Law Firm of McLean, Virginia and as a board and advisory member and consultant of several defense ...