HALIFAX, Nova Scotia, July 31, 2018 (GLOBE NEWSWIRE) -- Ucore Rare Metals Inc. (TSXV:UCU)
(OTCQX: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). He served on the Executive Council of the Urban
Land Institute and the Government Affairs Committee of the International Council of Shopping Centers (ICSC), Board Member of the
Anchorage Chamber of Commerce (ACC), and three terms as the President of the Anchorage Community YMCA.
As owner of Eagle Development Corporation, he participated in the development of hotels, office buildings, and
retail centers in Alaska, including the state’s first regional mall, Anchorage 5th Avenue, and the state’s first large
mixed-use project, Dimond Center. Prior to this, he held multiple executive positions at the National Bank of Alaska (NBA), where
he initiated a number of pioneering undertakings, including Alaska’s first trust investment department, first venture capital
company, first commercial leasing operation, and first commercial real estate department. He joined NBA from the University of
Washington with a major in Finance in 1963.
“Mike has decades of participation in many areas of Alaska’s economy and we’re delighted to welcome him to
Ucore,” said Jim McKenzie, President & CEO of Ucore. “His extensive portfolio of experience gives him unique insight regarding
Alaskan industrial and business development. We look forward to advancing our Strategic Metals Complex with Mike’s strategic
knowledge and advice.”
Ucore Advisory Board
Mr. Barry joins a diverse and accomplished group as a member of the Ucore Advisory Board, including Alaskan
industrialist Randy Johnson, international business financier Frank Högel, IBC
Advanced Technologies CEO Steven R. Izatt, IBC Founder and supramolecular technology pioneer Dr. Reed M.
Izatt, as well as Nobel Laureate Dr. Jean-Marie Lehn. See:
http://ucore.com/corporate/management-board
Option Advisory
Subject to the approval of the TSX Venture Exchange, the Company advises that 200,000 options has been granted
to Mr. Barry, exercisable at a price of $0.23 per share, to vest at a rate of one third every six months for a total 18 month
vesting period and expiring five years from the date of grant.
About Ucore
Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation
technologies with near term potential for production, growth and scalability. On March 31, 2014, Ucore announced the unanimous
support of the Alaska State Legislature for the investment of up to USD $145 Million in Rare Earth and Strategic Metals extraction,
beneficiation and refining infrastructure in South East Alaska, at the discretion of the Alaska Industrial Development and Export
Agency (“AIDEA”).
For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Rare Metals Inc. at: +1
(902) 482-5214 or visit http://www.ucore.com.
Cautionary Notes
This press release includes certain statements that may be deemed “forward-looking statements”. All
statements in this release, other than statements of historical facts, that address future exploration drilling, exploration
activities, research and development timelines, and events or developments that the Company expects, are forward looking
statements. Forward looking statements in this press release include that we may enter into a long-term supply partnership and
offtake relationship and the possibility of an independent North American REE supply chain. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration
successes or setbacks, research and develop successes or setbacks, continued availability of financing, that we may not be able to
reach agreements, that the product may not be suitable for intended uses, and general economic, market or business
conditions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined by the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
