March 7, 2018
On March 7, 2018, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) announced that it had entered into an MOU to form a joint venture 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.
Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies. KRP is a major owner of coal bearing properties in the Appalachian Coal Basin and the Illinois Coal Basin of the United States.
Geoff Clarke of Miller Thomson advised Ucore in the negotiation of this MOU.