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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Post by jimylegson Apr 23, 2013 11:04am
90 Views
Post# 21287902

DOD contract

DOD contract

i looked on the US DOD website and could not find a mention of Ucore anywhere.  the "contract" is with a subsidiary called Landmark Alaska LP.  In the press releases of Oct 1, 2012 there was no mention of time frame.  I thought I read somewhere once of a 1 year contract but haven't been able to confirm that either.  If you re read the pr the deal is a "focus on the possible development" of the Bokan claim.  The DOD publishes contracts in excess of $6.5 Million everyday at 5pm on their website and since Ucore isn't anywhere on the website I'll assume this "contract" has little if any monetary value.  Rather, it would seem Ucore is willing to provide it's results to the governnment in hopes of them becoming a valuable customer in the future.  As far as the company not commenting on stuff, remember the government is now involved. Maybe the US DOD has muzzled them and is behind the scenes when it comes to the flow of information.  Pure speculation on my part but so is purchasing UCU.  We own shares in a dream right now, not a company.  In a few years we'll know if it's a nightmare.  Penny stocks can be big trouble so one should limit their "investment" to their gambling budget.

Bullboard Posts