UCore Mines Investors Not Land
Bokan-Dotson Mountain, Alaska—Ucore Rare Earth Metals (TSXVENTURE:UCU)(UURAF)
FOR IMMEDIATE RELEASE
PRLog (Press Release) - Jun. 26, 2014 - KETCHIKAN, Alaska -- UCore failed on its last two mining claims, Lost Pond in Newfoundland and Canada, leaving the sole asset Bokan-Dotson Mountain. UCore defaulted on paying annual installments of $60,000 on some of these mining claims and tried to bully other miners off their claims. Now the State of Alaska Legislature passes SB99 by willing to jeopardize its credit rating in lending $154 million Alaskan dollars to a nearly bankrupt insolvent Canadian company, UCore, who has yet to book any income within the last four years on its KPMG audited financial statements. UCore doesn’t seem to have any supplier contracts from buyer companies which any bank would require as part of the loan application if ever these mines produced anything. UCore’s current patterns of behavior suggest that UCore is only interested in speculative commodity trading contracts for its executives to fish its own penny-stocks for a profit. Historically, the people of Alaska didn’t get the high-paid jobs they were promised and were left holding unpaid bills by these companies, some to a tune of $1 million dollars nearly creating ghost-towns. UCore was given a draft two years ago for the local people to start an educational program for a specific career path for these mining jobs at UCore. UCore refused to read it much less help Alaskans into a professional high-paid career. The only thing UCore has become good at is taking your money.