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Art35
You bet I'm still here.All sounds very promising to me.
Any insight as to why they posted second quarter earnings three weeks ahead of time?
I'm hoping they wanted to get the questionable news out before beginning a string of positive accomplishments.
Has the call started?
Ucore Rare Metals Completes Acquisition of Innovation Metals Corp. and RapidSX(TM) Separation Technology V.UCU | 8 minutes ago Halifax, Nova Scotia--(Newsfile Corp. - May 11, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it received the approval of the TSX Venture Exchange ("TSXV") and completed the closing of the Company's acquisition of Innovation Metals Corp. ("IMC"). On April 27, 2020, the Company announced that it had executed a Share Purchase Agreement (the "Purchase Agreement") with IMC and its shareholders. Pursuant to the terms of the Purchase Agreement, on May 8, 2020 Ucore paid a deemed aggregate purchase price of C$5,801,000, consisting of 45,383,412 common shares of the Company and C$1,000 in cash, in exchange for 100% of the issued and outstanding shares of IMC. IMC is a privately held Canadian company that developed its RapidSX technology for the separation and purification of critical metals including rare earth elements ("REEs"), lithium ("Li"), nickel ("Ni") and cobalt ("Co"). RapidSX is an accelerated solvent-extraction-based separation technology that has been successfully piloted by IMC. On May 11, 2020, Dr. Gareth Hatch joined Ucore as its new Chief Technology Officer. The Company's Board of Directors also approved adding Dr. Hatch as a member of the Company's board. Dr. Hatch has agreed to accept the appointment and will serve as a director of the Company until the Company's next annual meeting of its shareholders. On April 27, 2020, the Company announced that it had received subscription agreements and initial commitments pursuant to a C$2.8 million convertible debenture financing (the "Financing"). Investor interest in the Financing has been significant. Accordingly, the order book for the Financing has not been finalized since the Company is receiving additional interest in the offering and expects that the Financing will be over-subscribed before its expected closing date (potentially resulting in some subscription orders not getting filled or fully filled). On May 7, 2020, the Company received the TSXV's conditional approval regarding the Financing. The Company currently anticipates that the Financing will close on or about May 29, 2020.
Takeover?
Any results from today's special stockholders meeting?
All aboard.
This train is leaving the station.
Ucore Granted Interlocutory Injunction to Preserve the Right to Acquire IBC
Halifax, Nova Scotia--(Newsfile Corp. - December 5, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that on December 4, 2019, the Supreme Court of Nova Scotia (the "Court") orally granted the interlocutory injunction (the "Injunction") requested by Ucore against IBC Advanced Technologies, Inc. and Steven R. Izatt (collectively "IBC"). The Injunction shall remain in place until the conclusion of the trial regarding the December 11, 2018 action (as amended) brought forth by Ucore against IBC.
The Injunction will require IBC and its material assets be preserved for eventual possible purchase by Ucore, pending the outcome of the trial, while allowing IBC to continue to run its day to day business, within any market sector, so long as such is in compliance with the terms of the Option Agreement.
The order has not yet been issued and the explicit wording of the order has not yet been set.
"We're very appreciative of the Court's swift decision to preserve the Company's disputed right to acquire IBC while the litigation process makes its way through the Court," stated Jim McKenzie, President & CEO of Ucore. "The next step in the Nova Scotia case is the disclosure of documentation period leading to examinations for discovery."
About Ucore
Ucore Rare Metals is a company focused on rare and critical metals resources, extraction and beneficiation technologies with near term potential for production, growth, and scalability. The Company has a 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for Senate Bill 99 (2014), which authorized the AIDEA to issue up to USD $145 million in bonds for the infrastructure and construction costs of the Bokan-Dotson Ridge Rare Earth Project.
Ucore's vision and plan is to transition to become a leading advanced technology company that provides mineral separation products and services to the mining and mineral extraction industry. This vision includes the development of the Alaska SMC in Southeast Alaska and the development of the Company's rare earth minerals property located at Bokan Mountain in Alaska (an NI-43-101 technical report was filed on SEDAR on March 14, 2013).
For further information, please contact Mr. Jim McKenzie, President & CEO 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 business development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events or developments that the Company expects, are forward looking statements. 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 or results and actual results or developments may differ materially from those in forward-looking statements. Ucore has assumed that the proceeds from its rights offering will be utilized in the manner described in the Company's rights offering circular. Regarding Ucore's M3 Plan of Action and the disclosure in the "About Ucore" section above, the Company has assumed that it will be able to procure or retain geometallurgy partners and/or suppliers, including a solvent extraction ("SX") partner or SX supplier for Ucore's expected future Alaska Strategic Metals Complex ("Alaska SMC"). Ucore has also assumed that sufficient external funding will be found to prepare a new NI 43-101 technical report that demonstrates that the Bokan Project is feasible and economically viable for the production of both REE and co-product mineral materials and metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be found to develop the specific engineering plans for the Alaska SMC and its construction. Ucore has also assumed that it will in the near future be able to obtain interim financing and sufficient additional financing to acquire IBC Advanced Technologies, Inc. ("IBC") in compliance with the terms contemplated in the existing agreements with IBC and its shareholders holding a majority of its shares. Ucore has also assumed that there will be no material adverse findings in its upcoming expected comprehensive due diligence review of IBC. Factors that could cause actual results to differ materially from those in forward-looking statements include: Ucore not being able to procure an SX partner or supplier for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC and/or acquire IBC (including the non-acquisition payments owed under the previous and existing agreements with IBC); adverse capital market conditions; unexpected due diligence findings; unexpected or adverse outcomes in the currently outstanding litigation matters between Ucore and IBC; resistance to or noncompliance by IBC or its key shareholders with the existing agreements; the emergence of alternative superior metallurgy and metal separation technologies; the inability of IBC to retain its key staff members and clients; the inability of IBC to protect its intellectual property; unexpected transaction costs or other deal completion setbacks; a change in the legislation in Alaska and/or in the support expressed by AIDEA regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; 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.
Read more at https://stockhouse.com/companies/bullboard#RgPWp8y6Eaw38biU.99
Ucore Renegotiates Long-term Debt
Halifax, Nova Scotia - November 27, 2019 - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that it has renegotiated the terms of its long term debt owing to Orca Holdings, LLC ("Orca") and that Orca has agreed to a reduction in the interest rate and an extension of the maturity date of the loan (the "Loan"), as well as an immediate repayment of a portion of the debt.
As described in the Company's press release dated April 2, 2019, the Loan is a secured loan between the Company and Orca dated March 30, 2019 which had an original principal amount owing by Ucore to Orca of USD$2,725,000. The interest rate on the Loan was 12.5% (escalating to 15% on April 1, 2020) and the Loan had a maturity date of March 31, 2021.
Pursuant to negotiations with Orca, the parties to the Loan have now agreed to the following amended terms: (i)The Company will repay and eliminate CAD$2,500,000 in principal to Orca; (ii)The maturity date of the Loan will extended to November 30, 2021; (iii)The interest rate will be reduced from 15% to 9%; and (iv) Subject to the approval of the TSX Venture Exchange, five million bonus warrants ("Warrants") will be issued to Orca. Each Warrant will entitle Orca to acquire one common share of the Company at an exercise price of CAD$0.12 during a term ending on November 30, 2021.
The revised terms will result in a reduction in the annual interest expense of the Company in excess of CAD$400,000.
"These new terms for the long term debt owing to Orca will greatly reduce Ucore's monthly interest expense and will significantly improve our balance sheet" noted Peter Manuel, CFO of Ucore. "The new terms and reduced debt obligations position the Company to deliver upon its previously disclosed M3 business plan."
The new principal amount outstanding on the Loan will be reduced to USD$964,927.81.The transaction is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the considered paid, exceed 25% of the Company's market capitalization. No new insiders and no control persons were created in connection with the closing of the transaction. The transaction was reviewed and unanimously approved by the Company's Special Committee as well as its Board of Directors.
About Ucore
Ucore Rare Metals is a company focused on rare and critical metals resources, extraction and beneficiation technologies with near term potential for production, growth, and scalability. The Company has a 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for Senate Bill 99 (2014), which authorized the AIDEA to issue up to USD $145 million in bonds for the infrastructure and construction costs of the Bokan-Dotson Ridge Rare Earth Project.
Ucore's vision and plan is to transition to become a leading advanced technology company that provides mineral separation products and services to the mining and mineral extraction industry. This vision includes the development of the Alaska SMC in Southeast Alaska and the development of the Company's rare earth minerals property located at Bokan Mountain in Alaska (an NI-43-101 technical report was filed on SEDAR on March 14, 2013).
For further information, please contact Mr. Jim McKenzie, President & CEO 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 business development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events or developments that the Company expects, are forward looking statements. 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 or results and actual results or developments may differ materially from those in forward-looking statements. Ucore has assumed that the proceeds from its rights offering will be utilized in the manner described in the Company's rights offering circular dated September 10, 2019. Regarding Ucore's M3 Plan of Action and the disclosure in the "About Ucore" section above, the Company has assumed that it will be able to procure or retain geometallurgy partners and/or suppliers, including a solvent extraction ("SX") partner or SX supplier for Ucore's expected future Alaska Strategic Metals Complex ("Alaska SMC"). Ucore has also assumed that sufficient external funding will be found to prepare a new NI 43-101 technical report that demonstrates that the Bokan Project is feasible and economically viable for the production of both REE and co-product mineral materials and metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be found to develop the specific engineering plans for the Alaska SMC and its construction. Ucore has also assumed that it will in the near future be able to obtain interim financing and sufficient additional financing to acquire IBC Advanced Technologies, Inc. ("IBC") in compliance with the terms contemplated in the option to purchase agreement with IBC and its shareholders holding a majority of its shares. Ucore has also assumed that there will be no material adverse findings in its upcoming expected comprehensive due diligence review of IBC. Factors that could cause actual results to differ materially from those in forward-looking statements include: Ucore not being able to procure an SX partner or supplier for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC; adverse capital market conditions; unexpected due diligence findings; unexpected or adverse outcomes in the currently outstanding litigation matters between Ucore and IBC; resistance to or noncompliance by IBC or its key shareholders with the option to purchase agreement; the emergence of alternative superior metallurgy and metal separation technologies; the inability of IBC to retain its key staff members and clients following the closing of the possible acquisition; the inability of IBC to protect its intellectual property following the closing of the possible acquisition; unexpected transaction costs or other deal completion setbacks; a change in the legislation in Alaska and/or in the support expressed by AIDEA regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; 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.
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padillbr
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12 minutes ago 21 Reads
Post# 29879925
Status Update
Hey guys,
Thought an Update and overview might be good.
Company:
Ucore owns mining rights to Bokan Mountain, a small but high HREE content mine on domestic soil. Additionally, Ucore has exercised its option to purchase IBC (MRT separation technology) which is currently being disputed in court. (IBC wanted a joint venture or renegotiation/ Ucore proceedeed with OTP, IBC claimed Ucore violated the contract). IBC was happy to take option fee but appears to never have wanted an outright purchase.
Current Status:
We are currently awaiting the 3 judge court of appeals panel to issue their written decision from 6/17/19 hearing on IBC's jurisdiction appeal. Initial decision from 4/26/19 can be seen here
https://decisions.courts.ns.ca/nsc/nssc/en/item/400656/index.do?q=ucore
The initial judge took 3 days to make the decision that since IBC attorned, Nova Scotia had Jurisdiction, and IBC was charged $2000 towards Ucore's costs.
If the 3 judge panel upholds the jurisdiction, they will move on to scheduling the Option to purchase hearing (most likely within a month or 2).
Ucore has been all quiet based on recommendations by their attorneys.
Concurrent Planning / Relevant news:
1.) Trade truce has temporarily removed some urgency from the rare earths market, but with tariffs still in play, a geo-political struggle, and various other balls in the air this could change at any time.
2.) Roadless Rule, increased rare earth prices, and increased awareness brings Bokan back into play (Lynas plant in texas may be an option down the line if worst case scenario IBC doesnt work out).
3.) Suncor / Lexi / Kentucky River Properties / Department of Defense / SMC 1 provide huge potential if/when IBC purchase or JV is established.
My view:
Judge will uphold jurisdiction, and OTP validity hearing will occur within the next 2-3 months. Hopefully this will be wrapped up by April-June of 2020.
Ucore will re-start permitting process with Alaska and update PEA in preparation to an eventual mining operation at Bokan. (Would need grants/loans/ or subsidies to be viable at this time)
Ucore most likely has and will continue to explore other possible separation technologies as an alternative to MRT
IBC never thought their value would exceed 10million as they were in financial distress when the OTP was signed. Now that Ucore has developed multiple business opportunities while working with IBC, they are trying to strongarm into a better deal or termination.
Potential:
If IBC purchase is completed, we are talking about billions of dollars worth of deals. The company would proceed to list on the Nasdaq and the return on investment would be enormous.
If Ucore receives subsidies and is able to start a mining operation at Bokan, market cap should 5-10x. (Separation would have to be outsourced to China or another plant, similar to what Mountain Pass is doing until MRT plant or Lynas plant in texas is opened. A domestic magnet facility would be nice too)
Sale of Bokan Mountain and other assets to another Mining company (2-3x market cap)
In either scenario, the risk reward is very appealing, but should only be a small percentage of your investment portfolio. If IBC succeeds in cancelling the OTP and no domestic subsidies materialize, the company may slowly bleed money until bankruptcy or sale of mining rights.
farml,
Thanks for posting IDC's redacted complaint.
Any guesses how long the court might take to rule on it?
Anyone - When do we expect Ucore to begin production?
Developed over the last 30 years, this concept is a new paradigm recognized by internationally renowned scientists, including several Nobel laureates. PLEOTHERAPY differs from monotherapy, the principle of which is to target a single therapeutic target by allowing the treatment of several targets at the same time thanks to PLEODRUG ™ . These are low-dose, synergistic combinations of drugs already used for other diseases with a known safety profile, and many benefits: an excellent safety and efficacy profile as well as extensive and robust intellectual property. Moreover, the use of already approved molecules considerably reduces the duration and cost of development of a PLEODRUG compared to a conventional drug.
Pharnext's goal is to become the champion of repositioning and combinations. We have chosen, to demonstrate the relevance of this approach, to start working on diseases with high medical needs that have not received satisfactory treatment to date: Charcot-Marie-Tooth type 1A disease and Alzheimer.
Any sign of the conference call?
Brody, please resend your private message so I can reply to it.
I sent them an inquiry 2 weeks ago.
Received a reply as follows"
"I know that you, along with many other Natcore shareholders, are anxious for news following our November press release regarding a potential merger. I hope you understand that I am constrained as to what I can discuss with you right now while the stock is halted in Canada, as well as limited by Exchange rules and regulations that prohibit the disclosure of any non-public information.
As you know, it has always been Natcore’s business model to leverage our technology and patent portfolio allowing us to merge or joint venture with a larger company that would bring Natcore manufacturing capability, revenue and assets. The press release alludes to such a merger. This potential merger involves several companies and is very complex and complicated. The principals of all of the companies involved, including Chuck, have been meeting and we hope to have some information soon that we can share with everyone. Of course there are no guarantees but we are very optimistic.
What I can tell you is that the AGM did take place in January. We are making some changes to the Board and will be adding Board members.
We are also updating the MOU relating to the potential merger that we alluded to in the November press release. The Exchange must give us approval of any releases that we issue so, with their OK, we should be able to send updates as soon.
I hope this helps. We will update everyone as soon as we can."
175,000 shares traded today.
Big uptick.
Maybe soon... some news!
Sino Agro Food, Inc. Reschedules Quarterly
Review
December 5, 2018
GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), is a company
focused on high protein food including seafood and cattle.
Sino Agro Food Inc. has replaced its quarterly audio conference call scheduled for December
7, 2018 with a text only review with prepared remarks and questions and answers. These will
be posted to the Company website December 14, 2018.
About Sino Agro Food, Inc.
SIAF focuses on high protein food including seafood and cattle. The Company produces,
distributes, markets, and sells sustainable seafood and beef to the rapidly growing middle
class in China. Activities also include production of organic fertilizer and produce. SIAF is a
global leader in developing land based recirculating aquaculture systems (“RAS”), and with
its partners is the world's largest producer of sustainable RAS prawns.
Founded in 2006 and headquartered in Guangzhou, the Company had 420 employees and
revenue of USD 198 million in 2017. Operations are located in Guangdong, Qinghai, and
Hunan provinces, and in Shanghai. Sino Agro Food is a public company listed on OTCQX
U.S. Premier in the United States and on the Oslo Børs’ Merkur Market in Norway.
News and updates about Sino Agro Food, Inc., including key information, are published on
the Company’s website (http://www.sinoagrofood.com), the Company’s Facebook page
(https://www.facebook.com/SinoAgroFoodInc), and on twitter @SinoAgroFood.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of SIAF and its
subsidiary companies. All statements other than historical facts are forward-looking
statements, which can be identified by the use of forward-looking terminology such as
“believes,” “expects” or similar expressions. These statements involve risks and uncertainties
that may cause actual results to differ materially from those anticipated, believed, estimated
or expected. These risks and uncertainties are described in detail in our filings with the
Securities and Exchange Commission. Forward-looking statements are based on SIAF’s
current expectations and beliefs concerning future developments and their potential effects
on SIAF. There is no assurance that future developments affecting SIAF will be those
anticipated by SIAF. SIAF undertakes no obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise,
except as required under applicable securities laws.
Investor Relations
Peter Grossman
+1 (775) 901-0344
info@sinoagrofood.com
Ucore Announces Intent to Exercise
Option to Purchase IBC Advanced Technologies
November 7, 2018 – HALIFAX, NOVA SCOTIA – Ucore Rare Metals, Inc. (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce its intention to exercise its Option to Purchase IBC Advanced Technologies Inc. (“IBC”) in accordance with the terms previously agreed to by Ucore, IBC, and majority shareholders of IBC, and embodied in the Option to Purchase Agreement dated March 14, 2015, as amended on June 1, 2016 (the “OTP Agreement”).
Pursuant to the terms of the OTP Agreement the Company must deliver a Notice of Commencement (“NOC”) to IBC by March 14, 2019 in order to initiate proceedings to complete the acquisition of IBC. The Company intends to deliver the NOC on or before this date.
The delivery of the NOC shall initiate a 60-day due diligence period review during which Ucore shall have the right to conduct a due diligence review of IBC’s operations and financial records. Ucore shall have the right to waive the due diligence process in whole or in part, or to deem the due diligence process satisfied in its sole discretion, and to issue to IBC a Notice of Positive Due Diligence (“NOP”). Within 60 days of the date of the NOP, the parties are required to complete a purchase agreement (the “Purchase Agreement”) to affect the transfer of ownership of IBC to Ucore (the “Purchase Transaction”). The Company further reports that IBC has requested that the Company waive its rights under the OTP Agreement. The Company does not intend to do so.
Relevant terms of the OTP Agreement and the relationship of the parties are as follows:
Purchase Price: USD$10 million, to be paid in either cash or shares of Ucore, at the discretion of each IBC shareholder. The IBC shareholder base is diverse and comprised of multiple individuals and entities. The actual cash requirement may be considerably less than the foregoing amount, depending on the proportion of shareholders who elect to obtain shares in Ucore in lieu of cash. No single IBC shareholder will acquire a control position in Ucore pursuant to this transaction.
Key Person Incentive Units: 4 million units of Ucore, to be paid to IBC Key Persons. Each unit to consist of one common share of the Company plus ½ Common Share Purchase Warrant. Each Common Share Purchase Warrant shall have a strike price equal to the market price of the Company’s shares as of the date on which the Purchase Agreement is signed and shall have a term of three years from the date of issue.
Ongoing Performance Incentives: Following the execution of the Purchase Agreement, IBC employees shall receive performance incentives totaling 7% of IBC’s annual EBITDA for each of the first 5 years of operations.
Consideration: Consideration paid for the OTP Agreement totaled USD$650,000, comprised of USD$300,000 pursuant to the OTP Agreement dated March 14, 2015, plus an additional USD$350,000 pursuant to an agreement to extend the term of the OTP Agreement dated June 1, 2016. In total, the consideration equates to approximately CAD$850,000.
Term: The original term of the OTP Agreement was 18 months from the date of signing. On June 1, 2016, Ucore, IBC, and certain shareholders of IBC (the “Selling Shareholders”) agreed to extend the original term of the agreement for an additional 30 months for further consideration totaling USD$350,000 as noted above (the “Extension Agreement”).
Payments Under Previous Agreements: Payments totaling USD$2.9 million pursuant to previous agreements between Ucore and IBC must be completed prior to the closing of the Purchase Transaction. To date, Ucore has made payments totaling USD$1.9 million against this amount.
Resignations: This announcement is preceded by the necessary resignation of Dr. Reed Izatt and Mr. Steve Izatt from Ucore’s Advisory Board due to Mr. Izatt’s stated divergence from the corporate objectives established over the past 4 years by the parties.
IBC Shareholder Support: Shareholders representing the majority of the outstanding shares of IBC were solicited by IBC to become a party to and sign the OTP Agreement as well as the Extension Agreement, indicating their support for the Purchase Transaction, with a sufficient percentage of the voting shares of IBC for Ucore to issue the NOC and pursue the completion of the transaction.
Financing: Ucore has commenced discussions with several different sources of finance to fund the acquisition of IBC.
“This is a pivotal event for Ucore,” said Jim McKenzie, President & CEO of Ucore. “In the short time that IBC and Ucore have been working together, we believe the potential of IBC has increased immensely, making the metrics of this deal all the more appealing to Ucore. We would like to take this opportunity to thank Mr. Izatt for his service to the Company. On a go forward basis, we look forward to working with the scientific and support team at IBC to further develop this exciting business opportunity.”
“The management of Ucore has done an outstanding job of securing this opportunity for Ucore shareholders,” said Randy Johnson, Advisory Board Member of Ucore and Managing Member of Orca Holdings LLC. “Orca, as a major shareholder of Ucore, and indeed all shareholders of Ucore, stand to benefit substantially from the completion of this transaction. IBC has tremendous potential, with existing customers worldwide, and an operating base which will upon completion of the transaction transition Ucore immediately into status as a revenue bearing company, and a leader in nano technology for the mining business. Orca looks forward to supporting Ucore in any way we can, to secure this transaction and build upon this burgeoning opportunity.”
“We at Concept Capital are wholly in support of Ucore’s initiative to complete the acquisition of IBC,” said Frank Högel, Advisory Board Member of Ucore and Advisory Board Member of Concept Capital Management Ltd. “As a major shareholder, we see excellent possibilities for Ucore to amplify this existing revenue-based business model, with the correct infusion of management acumen and capital. The vision for Ucore, leveraging resource supply chains in combination with promising technologies, fits well with our ongoing investment strategies.”
“The opportunities to progress in the highly profitable metals extraction business are growing exponentially at a world level,” said Pat Ryan, Chairman of Ucore. “They include not just rare earths, but technology metals such as lithium, cobalt, tungsten, and many more. Ucore has positioned itself very effectively, securing the opportunity to acquire an existing revenue generating business with excellent growth potential. We look forward to capitalizing on this in the short term with the expected backing of investors who have already expressed interest in advancing this initiative.”
Both the financing to fund the purchase of IBC and the completion of the purchase transaction are subject to and conditional upon the approval of the TSX Venture Exchange in accordance with its regulations and policies.
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. The Company has a 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Mine. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for Senate Bill 99 (2014), which authorized the AIDEA to issue up to USD $145 Million in bonds for the infrastructure and construction costs of the Bokan-Dotson Ridge Rare Earth Element Project.
For further information, please contact Mr. Jim McKenzie, President & CEO of Ucore Rare Metals Inc. at: +1 (902) 482-5214 or visit <http://www.ucore.com>.
No replies to my inquiries?
Has anyone here heard from management lately?
Now three months of silence.
No response to inquiring emails.
Has anybody seen or heard anything from Natcore?
Today's 8K
"As of July 6, 2018, Sigma Labs, Inc. had outstanding 8,248,729 shares of common stock."
In 1999, European firms Reckitt & Coleman and Benckiser combined to form Reckitt Benckiser. Based out of the United Kingdom, the company owns a portfolio of consumer products that are well-known around the globe, many of which have the leading or number-two position in their categories.
In 2017, total sales grew 21% to more than $14.8 million, making Reckitt Benckiser the top performer in sales growth among its peers (revenue growth among its peers grew an average of 6%). A big driver of that revenue growth came from its February 2017 acquisition of baby formula company Mead Johnson Nutrition, which I'll cover in more detail further on.
The company classifies itself into two main categories: Health and Hygiene Home, under which the company boasts 21 "power brands," or brands that are at the top of their category.
Under its Health segment, the company boasts industry-leading products such as Scholl footcare products, Mucinex cold and flu medicine, Clearasil acne treatment, Strepsils throat lozenges, Nurofen pain relief medication and Durex condoms. A couple of examples of the firm's market-leading products can be seen in Nurofen, which is the number-one painkiller in the United Kingdom with roughly 25% market share and is a close number two in Australia with 22% share. Mucinex is another example, as it's the number-one cough brand in the United States.
In 2017, its Health segment pulled in more than $6.5 billion in sales, accounting for about 44% of total sales. This segment will continue to see strong growth as its Mead Johnson acquisition falls under this category. And Mead Johnson's baby formula holds a near 30% market share in the United States.
Reckitt Benckiser's Hygiene Home division includes top brands like cleaning and disinfecting brand Lysol, Woolite laundry detergent, stain remover Vanish and dishwasher detergent Finish. This division generated more than $7.9 billion in sales in 2017.
O’Shares Global Internet Giants ETF (OGIG) is a rules-based ETF designed
to provide investors with the means to invest in some of the largest
global companies that derive most of their revenue from the Internet and
e-commerce sectors that exhibit above average growth potential.
OGIG is an exchange traded fund (ETF) that seeks to track the performance
(before fees and expenses) of the O’Shares Global Internet Giants Index
(the “Target Index”).
Why OGIG?
•
Strong revenue growth: portfolio companies that exhibit above average
growth potential, exceeding 30%
•
Strong balance sheets: profitable portfolio companies with healthy
cash reserve positions
•
Global portfolio: Includes some of the largest high growth companies
in the world engaged in the Internet and e-commerce sectors in regions
where Internet adoption is rising and consumer spending increasing
On 3/27 Natcore announced that it would be hosting a major solar manufacturer for a special demonstration of its foil cell technology.
"The meeting and demonstration, to be held at Natcore’s Rochester laboratory in advance of the World Conference on Photovoltaic Energy Conversion (June 10-15, 2018)."
This means it should be happening NOW!!
Any insights or comments would be appreciated.
Conference Call Link
https://tv.streamfabriken.com/sino-agro-food-fy-2017
Coal JV just did it for me.
Rounding up to a full position in Ucore.
"I was told the financing is going to be a private placement by interested parties that want in on the technology. My guess a partner or manufacturer"
Fantastic. Can't wait to actually see that announced. Wondering if this finally stops the trickling dilution.
Please clarify your financing announcement.
Today's volume seems to be confirming what you say.
Careful folks... what we want it to say is that they've finally found a manufacturer ready to employ their new technology.
But what it really says is that private placements have run out.. so they've decided to invent a new method of financing this venture.
UCORE ENTERS US COAL REGION STRATEGIC METALS JV WITH KENTUCKY RIVER PROPERTIES LLC
March 7, 2018 - HALIFAX, NOVA SCOTIA - Ucore Rare Metals, Inc. (TSXV:UCU) (OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce that the Company has entered into an MOU to form a joint venture (the "JV") with Kentucky River Properties LLC of Hazard, Kentucky, USA ("KRP"), for the purposes of accessing and processing rare earth elements ("REE") and strategic metals from the Appalachian Coal Region ("ACR").
KRP was formed in 1915, and is a major owner of coal bearing properties in the Appalachian Coal Basin and the Illinois Coal Basin of the United States. The company's land holdings comprise a broad portfolio of producing coal mines, and undeveloped coal seams. The company has mineral holdings in three States (Kentucky, Indiana, and Illinois), with nearly 400,000 acres of mineral properties. For more information, see "About KRP", below.
The majority of KRP's holdings reside within the ACR, considered by the USDOE to be one of the most prospective undeveloped REE enriched regions in the United States.1 Recent studies by the USDOE National Energy Technology Lab ("NETL") have discovered REE concentrations of 300+ ppm from representative samples, considered a material threshold of REE concentration necessary for the profitable and economic development of a domestic rare earth resource.2 NETL has since initiated a number of research initiatives to accelerate the development of REE resources in the ACR under the Rare Earth Elements Program ("REEP"). In 2017, Ucore garnered a USD $1M grant for REE beneficiation research under REEP (see Ucore Press Release dated June 12, 2017). For more information, see "About REE in the US Coal Region", below.
"Rare Earth Elements are vital to the development and manufacturing of high-tech devices such as computers, cell phones, and our national defense systems," said U.S. Secretary of Energy Rick Perry.3 "The current difficulties and high expenses associated with REE extraction has left the U.S. dependent on foreign REE imports. Supporting innovative research and development to establish efficient, cost-effective REE extraction methods is critical to our country's energy and national security."
"Kentucky River Properties has long operated under the primary mission of delivering responsible and sustainable development to the US coal sector," said Stephen G. Barker, President, CEO, and General Counsel of KRP. "With this in mind, the company has embraced green technologies wherever possible as a means of developing our extensive land portfolios. KRP's efforts to explore solar energy and high efficiency biomass cultivation are examples of our company's diversification initiatives in the energy sector. Ucore's platform for the recovery of REE minerals critically important to US clean energy technologies is consistent with and builds upon our long-term vision."
"We're excited to be partnering with KRP, a company with an important ongoing role in the economic success of the American coal sector," said Jim McKenzie, President and CEO of Ucore. "The significant magnitude of KRP's land holdings and critical metals content spanning their coal mines, is the domestic REE resource that the US has been actively seeking in recent years. The USDOE has already invested heavily in the study of this significant REE mineralization, setting out the ACR as an American asset prospectively capable of liberating the US from dependence on China for critical REE. We look forward to developing this remarkable feedstock and furnishing it to American growth industries in a timely and efficient manner."
Under the JV, KRP and Ucore will form a US based Limited Liability Company (LLC). KRP will make its properties containing REE and strategic metals feedstock available to the joint enterprise, consultative services and data management regarding the resource, as well as access to a number of potential sites for the construction a regional REE and strategic metals refinery ("Strategic Metals Complex" or "SMC"). Ucore will provide REE and strategic metals processing and refining technologies, plant engineering, design, construction and maintenance services, in addition to downstream offtake relationships for the purchase of high purity output products (REE oxides, chlorides, metals and alloys) by the US military, automotive, alternate energy and high technology sectors.
The site for the SMC, as well as the principal site management personnel have yet to be selected, and will be dependent upon factors such as proximity to critical concentrations of target minerals, logistical considerations including permitting metrics, access to industrial facilities, transportation corridors, available workforce, as well as taxation and locational incentives. The JV is currently reviewing multiple locations for the centralized REE processing facilities from competing alternatives in Kentucky, Indiana, and Illinois.
About REE in the US Coal Region
1 The US Coal Region has been a primary driver of the US economy for more than a century. The National Energy Technology Lab is actively pursuing the means to convert this enormous existing infrastructure into a domestic rare earth production sector. "Coal and coal by-products represents a vast untouched resource," said NETL Research Engineer Dr. Evan Granite. The United States consumes around 16-17 thousand tons of rare earths each year, and this demand could be completely satisfied by extracting rare earths from domestic coal and coal by-products. A typical coal sample contains 62 parts per million (ppm) of total rare earth elements on a whole sample basis. With more than 275 billion tons of coal reserves in the U.S., 17 million tons of rare earth elements are present within the coal.
www.netl.doe.gov/research/coal/rare-earth-elements
www.rdmag.com/article/2017/09/national-lab-works-extract-rare-earth-elements-coal
http://acclive.com/2017/11/17/the-future-of-rare-earth-elements-may-lie-with-coal/
2 Recent studies have indicated significant REE concentrations in samples originating from within the Illinois, Northern Appalachian, Central Appalachian and Rocky Mountain Coal Basins, as well as the Pennsylvania Anthracite region. These highly concentrated samples are greater than 300 parts per million (ppm).
www.energy.gov/articles/high-concentrations-rare-earth-elements-found-american-coal-basins
3 U.S. Secretary of Energy Rick Perry, introduction to High Concentrations of Rare Earth Elements Found in American Coal Basins, USDOE, November 29, 2017
http://bit.ly/USDOE_SenatorPerryQuotation
About Kentucky River Properties LLC
Kentucky River Properties owns significant coal bearing properties in the Central Appalachian and Illinois Coal Basins in the United States. Formed in 1915, the company was created by a merger of multiple early coal and land holding companies (Haley Coal Company, Slemp Coal Company, Henry Coal & Coke Company, Letcher Coal & Coke Company, and Kentucky River Consolidated Coal Company, among others). During a century of resource acquisitions and development, KRP has amassed coal-bearing land holdings of approximately 272,000 acres in the Central Appalachians alone, comprising dozens of active and former producing coal mines in that region. More recent acquisitions in Western Kentucky, Illinois, and Indiana, have added approximately 95,000 mineral-bearing acres to the KRP land portfolio, in addition to more than 400 million tons of recoverable coal. For more information on KRP, please visit: www.krpky.com
About Ucore
Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies. The Company has a 100% ownership stake in the Bokan project in South East Alaska. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency ("AIDEA"). On January 30, 2018, the Company announced the selection of a location for a Strategic Metals Complex in Ketchikan, AK, a site which features an industrial base, deep water port, and proximity to the Bokan HREE project. The Alaska based SMC will be utilized for the processing of REE feedstock originating from international locations, and will share technology platforms and protocols wherever possible with the US Coal Region ACR contemplated herein.
You're right. After posting record earnings the company announced that it would like to repurpose its International-Matex Tank Terminals (IMTT) business in order to accommodate other liquid products, as well as take advantage of some growth opportunities it sees across some of its business lines right now. In order to meet these demands -- repurpose some of its IMTT business and invest in future growth projects -- it lowered its dividend payout to $1.00 per share, per quarter.
Any chance you heard from SIAF management this weekend?
The silence is getting stressful.
I just sent an inquiry to shareholder relations.
Has anyone been able to contact them since 2014?
Are they now a viable business?
Will they ever again be a viable business?
Up until 2014 they seemed to be successful and growing.
From the Form 4
4) Includes 320,000 shares of common stock issuable to Garrett R. D'Alessandro upon maturity of a loan agreement with Sino Agro Food, Inc. due February 28, 2018.
I therefore believe that Garrett and Solomon have previously transacted the above loan agreement and already have a working relationship.
If Solomon is taking advice from Garrett..
Wowser!!**$$
Garrett D'Alessandro was CEO and president of Rochdale Investment Management, until it was acquired last year by City National Bank. Rochdale held $4.8 billion in assets under management for affluent and high-net worth clients. Today, City National Rochdale has some $18 billion in assets.Oct 30, 2013
Looks like he may have provided a loan to the company.
"4. Includes 320,000 shares of common stock issuable to Garrett R. D'Alessandro upon maturity of a loan agreement with Sino Agro Food, Inc. due February 28, 2018."