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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s): UURAF

Metals & Mining Industrial Metals & Minerals

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

Ucore Rare Metals Inc.

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Post by reemanon Feb 21, 2021 4:59pm

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Post# 32622655

Undermined?

Has Ucore's DoD proposal of August last year been undermined by developments of recent days?

IBC Disclaims Role in Ucore Rare Earth Element Proposal to U.S. Department of Defense

PR Newswire

AMERICAN FORK, Utah, Aug. 26, 2019

AMERICAN FORK, Utah, Aug. 26, 2019 /PRNewswire/ — Ucore Rare Metals, Inc. (“Ucore”) recently issued a press release announcing that Ucore had made a proposal to the U.S. Department of Defense (“Proposal”) in response to a request for information (“RFI”) from the Defense Production Act (“DPA”) Title III Office. Although the exact terms of the Proposal are not evident, it appears that Ucore represented that the technology and services of IBC Advanced Technologies, Inc. (“IBC”) would be involved in the processing and separation of rare earth elements (“REE”). Given this, IBC feels compelled to announce that it has taken no part in the Proposal, and disclaims any connection with or responsibility for it.