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Last C$0.34 CAD
Change Today 0.00 / 0.00%
Volume 44.1K
UCU On Other Exchanges
Symbol
Exchange
Venture
OTC US
Stuttgart
As of 3:59 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

ucore rare metals inc (UCU) Snapshot

Open
C$0.35
Previous Close
C$0.34
Day High
C$0.35
Day Low
C$0.34
52 Week High
07/3/14 - C$0.42
52 Week Low
12/12/14 - C$0.20
Market Cap
66.2M
Average Volume 10 Days
189.0K
EPS TTM
C$-0.01
Shares Outstanding
197.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for UCORE RARE METALS INC (UCU)

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ucore rare metals inc (UCU) Details

Ucore Rare Metals Inc., a development stage company, engages in the exploration and development of mineral properties in the United States. The company explores for rare earth element (REE) deposits. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge REE property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada.

ucore rare metals inc (UCU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$300.0K
Chief Financial Officer, Vice-President and C...
Total Annual Compensation: C$180.0K
Chief Operating Officer and Consultant
Total Annual Compensation: C$215.1K
Compensation as of Fiscal Year 2013.

ucore rare metals inc (UCU) Key Developments

Ucore Secures $4.9 Million Payment for Granting Molecular Recognition Technology Production Royalty

Ucore Rare Metals Inc. announced that the company has entered into an agreement with a high net worth US-based investor through which the Investor will pay USD 4.0 million (approximately CAD 4.9 Million) to Ucore in consideration for a royalty on the sale of products and services related to the processing of rare earth elements and other specialty metals and critical materials utilizing SuperLig® Molecular Recognition Technology. Under the terms of the agreement, the Investor will make a USD 4 Million payment to Ucore, with a USD 1 million down payment on or before May 26, 2015, with the balance payable within 120 days thereafter. In consideration of the foregoing, the Investor will receive a royalty from the production of Ucore's early stage MRT installations. The Royalty will be comprised of two components: (i) a Gross Royalty equal to 5% of gross sales from the company's first MRT installation or installations, payable until the recapture of the Investment; and (ii) a Net Smelter Royalty equal to 2% of the net sales from the company's first Tier I production client. A Tier I production client is considered to be one with an estimated gross revenue volume to Ucore exceeding CAD 50 Million per annum, with net sales figures to be calculated by Ucore on an annual basis during the production term, in accordance with IFRS accounting procedures. The Agreement and the closing of the transaction remain subject to and conditional upon the acceptance and approval of the TSX Venture Exchange.

Ucore Rare Metals Inc. Upgrades Resource Estimate for the Bokan Dotson- Ridge Rare Earth Element Project in Southeast Alaska

Ucore Rare Metals Inc. announced an upgraded and increased resource estimate for the Bokan Dotson- Ridge rare earth element project in Southeast Alaska. An additional 1.043 million tonnes of newly estimated Inferred mineralization grading 0.604% TREO at a cut-off grade of 0.40% TREO has now been added to the total Resource at Bokan, as a result of deeper exploratory drilling during the 2014 field season. Further, more than 98% of the previously established Resource has now been upgraded to the fully Indicated category under NI 43-101 standards by way of supplemental infill drilling. The previously announced Resource, consisting of 2.936 million tonnes in the Indicated category and 1.995 million tonnes in the Inferred category under NI 43-101 standards at the same cut-off grade, was announced by Ucore in a press release dated October 21, 2013.

Ucore Rare Metals Inc. Provides Updates on the Separation of Individual Rare Earth Elements

Ucore Rare Metals Inc. reported additional results of its ongoing testing of the use of Molecular Recognition Technology for the separation of rare earth elements from Bokan-Dotson Ridge feedstock. The testing was conducted on beneficiated material sourced from the Company's Bokan Dotson-Ridge property in Southeast Alaska. The pregnant leach solution ('PLS') was prepared by Hazen Research Inc. of Denver Colorado, using the metallurgical process outlined in the Company's Preliminary Economic Assessment. Individual carbonate salts of Sm and Gd were produced utilizing a proprietary Molecular Recognition Technology ('MRT') circuit developed by IBC Advanced Technologies Inc. of American Fork, Utah ('IBC'). Full load, wash and elution cycles were performed using IBC's SuperLig resin in column mode. Elution was accomplished with a small volume of eluent (acid).

 

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