Business
Ucore Announces Retention of Advisors for a Sustained Online Awareness Campaign
Halifax, Nova Scotia--(Newsfile Corp. - June 2, 2021) - Ucore Rare Metals Inc.   &#...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Announces Retention of Advisors for a Sustained Online Awareness CampaignHalifax, Nova Scotia--(Newsfile Corp. - June 2, 2021) - Ucore Rare Metals Inc.  (TSXV: UCU) (OTCQX: UURAF)[i] (\"Ucore\" or the \"Company\") is pleased to announce that it has entered into agreements with third parties to provide marketing, investor relations, and consulting services to the Company for the purposes of raising awareness about the Company and the significance of the Company's planned Strategic Metals Complex (\"SMC\") as the first step of the Alaska2023 Business Plan to establish a complete, secure, domestic rare-earth element (\"REE\") supply chain in the United States. Ucore's Alaska2023 strategy is predicated on the fundamental objectives of economic and commercial-scale production of REE oxides (\"REOs\") required for the REE permanent-magnet (\"REPM\") industry. This goal includes further important planned developments by the Company's subsidiary, Innovation Metals Corp. (\"IMC\"), as it progresses towards the commercialization of its proprietary critical-metals separation technology, RapidSX™. RapidSX is intended to be commercially deployed in the SMC, as part of the Alaska2023 Business Plan, to separate and purify Ucore's planned REE feedstocks into finished REOs of commercial purity, required by green-energy applications. Additionally, IMC plans to license the RapidSX technology for REE separation to strategic licensing partners for the processing of US and/or US-allied-sourced REE feedstocks. The strategic timing of these planned engagements and the related online awareness campaign are important as the Company expects to complete very deliberate phases of its business plans and various short-term objectives during the period from Q2 2021 to Q2 2022.Ucore has engaged Stockhouse Publishing Ltd. (\"Stockhouse\") for a 12-month period at a cost of $7,500 per month. Stockhouse will provide the Company with a variety of digital marketing, investor-relations and capital-markets awareness services, as well as consulting services. Additionally, the Company has engaged Mountain Capital Corp. (\"Mountain Capital\") for the provision of digital marketing, investor relations and capital-markets awareness services for a six-month period at a cost of $13,333 per month. \"While we continue to advance our Alaska...