Ucore Rare Metals Inc (UURAF)

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Ucore Updates on M³ Plan of Action & RO Funding Participation

Halifax, Nova Scotia – (October 17, 2019) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to provide the following progress updates with respect to the roll-out of its MINE to METAL to MARKET plan of strategic actions ( the “M³ Plan” or “M³”) for its Bokan-Dotson Ridge Rare Earth Project (“Bokan” or the “Project”); further to the Company’s press release of September 10, 2019.

“Ucore is advancing its flagship U.S. mineral resource at Bokan Mountain to diminish America’s, and indeed the Western World’s, dependence on Chinese controlled critical elements required for the economy of the future,” stated Mike Schrider, Ucore COO. “The Company has a deliberate plan in place and is strategically executing on that plan through the support of Federal and State governments, as well as our shareholder base, who collectively share our vision of mineral independence from China.”

“The Company anticipates that our current Rights Offering (“RO”), exercisable exclusively by existing shareholders and at a remarkable discount to the Company’s recent rolling average share price, will be tremendously successful for us,” said Jim McKenzie, President & CEO of Ucore. “Our largest shareholders have already indicated heavy participation in the RO, and broader interest has come from every facet of our very wide and diversified shareholder base. The opportunity for non-accredited shareholders to participate in a financing round of a public company is an extraordinary thing. We encourage those monitoring the exercise deadlines, to refer to the RO information page on the Ucore website.”


Read more at:
https://ucore.com/ucore-updates-on-m3-plan-of-action-ro-funding-participation