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ucore rare metals inc (UCU) Snapshot

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ucore rare metals inc (UCU) Details

Ucore Rare Metals Inc. engages in the acquisition, exploration, and development of mineral properties for rare earth element (REE) deposits in the United States and Canada. It principally holds interest in the Bokan Mountain/Dotson Ridge REE property located on Prince of Wales Island in southeast Alaska. The company also holds interests in the Lost Pond property, which is located in Newfoundland and Labrador near Stephenville; the Ray Mountains Project located in Alaska; and the Sandybeach Lake Project, which is located in Nunavut, Canada. It was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada.

Founded in 2006

ucore rare metals inc (UCU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$300.0K
Chief Financial Officer, Vice-President and C...
Total Annual Compensation: C$180.0K
Chief Operating Officer and Consultant
Total Annual Compensation: C$215.1K
Compensation as of Fiscal Year 2013.

ucore rare metals inc (UCU) Key Developments

Ucore Rare Metals Inc. Announces Field Program at Ray Mountains, Alaska

Ucore Rare Metals Inc. reported that it has undertaken a summer field program on its rare earths and tin multimetal property in the Ray Mountains area of Central Alaska. Several claim blocks located in the northern Ray Mountains region of Central Alaska were acquired by the company in 2011 as being prospective for rare earth content. The Ray Mountains region contains multiple mineralized stream systems and fluvial basins which have been the subject of a number of government surveys. The 2014 Ray Mountains program allows Ucore to complete the resampling and assay testing of key locations recently reported by the Alaska Geological Survey, and other earlier US Bureau of Mines work in the area, and examine the geological setting of the Kilolitna River Basin. A number of samples collected by Ucore's geological team will be processed for lab testing in the coming weeks. Ucore's Ray Mountains claim block is aligned with major alluvial features of the Ray Mountains region. Rare earths and associated metals such as tin have been found to occur in the alluvial outwash of the Ruby granitic batholith located in the area. The target metals are contained in heavy minerals such as monazite, xenotime, cassiterite, wolframite and zircon, which are widespread throughout the region.

Ucore Rare Metals Inc. Wins Contract of $2.5 Million Diamond Drilling Program

Ucore Rare Metals Inc. announced that contract has been awarded for a $2.5 million diamond drilling program at their Bokan Dotson Ridge rare earth project in southeast Alaska. The program will commence in mid-July with Aurora Geosciences as the Project Manager.

Ucore Rare Metals Inc., Annual General Meeting, May 30, 2014

Ucore Rare Metals Inc., Annual General Meeting, May 30, 2014., at 11:00 Atlantic Daylight. Location: 1969 Upper Water Street, Purdy's Wharf Tower 2. Agenda: To receive the consolidated financial statements of the corporation for the fiscal year ended December 31, 2013, together with the auditors' report thereon; to consider, and if deemed appropriate, fix the number of directors of the corporation at 5; to elect the directors of the corporation for the forthcoming year; to consider and, if deemed appropriate, appoint KPMG LLP, Chartered Accountants, as auditors of the corporation until the close of the next annual meeting of shareholders and to authorize the directors to fix their remuneration for the ensuing year; to consider and, if deemed appropriate, approve the corporation's 10% rolling stock option plan as required annually by the policies of the TSX Venture Exchange; and to transact such other business as may properly be brought before the meeting or any adjournment or adjournments thereof.


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