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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
Comment by padillbron May 15, 2017 12:57pm
112 Views
Post# 26245338

RE:RE:RE:RE:It's in the boardroom

RE:RE:RE:RE:It's in the boardroomI have a call out to Mark, will update when he responds whether it is 4,000,000 units or 10,000,000. 

FYI- UCORE still owes IBC 1,000,000 for the original licensing agreement. That has to be paid before the option can be excercised. The option is $10,000,000 and the units granted. 

My assumption is they are looking to complete the SMC and sign various contracts prior to the expiry date of the option which is March 14, 2019. They can make IBC as wealthy as they want as long as they get the 10,000,000 before that date.
Bullboard Posts