Ucore Rare Metals Inc (UURAF)

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Ucore Comments on Prospective Impact of Incoming US Administration on Strategic Metals Complex

December 13, 2016 – HALIFAX, NOVA SCOTIA – Ucore Rare Metals, Inc. (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to comment on the incoming U.S. presidential administration concerning trade policy and the implications for an independent domestic strategic metals industry.

“China continues to control more than 90 percent of the global mining and production of rare earth containing ore and exhibits near complete control over each subsequent stage of the supply chain,” said Jim McKenzie, President and CEO of Ucore. “Dependence on foreign sources of rare earths leaves the Department of Defense vulnerable to supply interruptions and without a fall-back for critical materials production should conflicts arise between the super powers, an issue addressed in a recent article in the Asia Times¹. President-elect Donald Trump has been outspoken through his campaign regarding the protection of American workers and industry from damaging and unfair foreign trade practices. His proposed policies coincide well with our vision of creating a self-contained strategic metals hub on US soil, independent of international political disruption. The movement toward US self-reliance, especially in areas of the highest military and industrial vulnerability, speaks well to our plan to develop our recently announced Strategic Metals Complex.”

A Referenced Link: http://www.atimes.com/article/china-holds-trump-card-rare-earths-trade/



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