{"id":4056,"date":"2023-12-22T19:20:54","date_gmt":"2023-12-23T00:20:54","guid":{"rendered":"https:\/\/www.millerthomson.com\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/"},"modified":"2024-08-22T14:53:42","modified_gmt":"2024-08-22T18:53:42","slug":"ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt","status":"publish","type":"deals-cases","link":"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/","title":{"rendered":"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt"},"content":{"rendered":"<p>On December 22, 2023, Ucore Rare Metals Inc. (TSXV:UCU; OTCQX:UURAF) (\u201cUcore\u201d) announced amendments to and the extension of its debt agreements with Ucore\u2019s largest lender and investor, Orca Holdings, LLC.\u00a0 In total, the terms of two secured lines of credit and a secured term loan were amended and the maturity dates extended for a total principal amount of approximately USD$4.3 million (approx. C$5.7 million).\u00a0 It was also agreed that warrants would be issued to Orca Holdings, LLC.<\/p>\n<p>Ucore is a TSXV-listed company focused on rare and critical metals resources, extraction, beneficiation and separation technologies with potential for production, growth and scalability. Ucore owns the Bokan Mountain Rare Earth Element Project in Southeast Alaska. Ucore also owns Innovation Metals Corp., a technology company that has developed the proprietary RapidSX\u2122 process for the intended low-cost separation and purification of rare earth elements, nickel, cobalt, lithium and other technology metals, via an accelerated form of solvent extraction.\u00a0 Innovation Metals Corp. currently owns and operates a RapidSX\u2122 Commercial Demonstration Plant located in Kingston, Ontario.<\/p>\n<p>Miller Thomson advised Ucore on the transaction with a team comprising of Geoff Clarke, Jonathan Tong (Capital Markets &amp; Securities, Mining) and Ethan Campbell (Financial Services) as well as securities clerk, Anca Nitu.<\/p>\n","protected":false},"author":92,"template":"","class_list":["post-4056","deals-cases","type-deals-cases","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt | Miller Thomson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt | Miller Thomson\" \/>\n<meta property=\"og:description\" content=\"Counsel to Ucore Rare Metals Inc\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Miller Thomson\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MillerThomsonLaw\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-22T18:53:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@millerthomson\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/\",\"url\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/\",\"name\":\"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt | Miller Thomson\",\"isPartOf\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/#website\"},\"datePublished\":\"2023-12-23T00:20:54+00:00\",\"dateModified\":\"2024-08-22T18:53:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.millerthomson.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Deals and Cases\",\"item\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/#website\",\"url\":\"https:\/\/www.millerthomson.com\/en\/\",\"name\":\"Miller Thomson\",\"description\":\"National law firm providing business law expertise and litigation and disputes services for businesses across Canada since 1957.\",\"publisher\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.millerthomson.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/#organization\",\"name\":\"Miller Thomson\",\"url\":\"https:\/\/www.millerthomson.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg\",\"contentUrl\":\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg\",\"width\":380,\"height\":50,\"caption\":\"Miller Thomson\"},\"image\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/MillerThomsonLaw\/\",\"https:\/\/x.com\/millerthomson\",\"https:\/\/www.linkedin.com\/company\/miller-thomson-llp\/\",\"https:\/\/www.youtube.com\/@millerthomson\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt | Miller Thomson","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/","og_locale":"en_US","og_type":"article","og_title":"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt | Miller Thomson","og_description":"Counsel to Ucore Rare Metals Inc","og_url":"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/","og_site_name":"Miller Thomson","article_publisher":"https:\/\/www.facebook.com\/MillerThomsonLaw\/","article_modified_time":"2024-08-22T18:53:42+00:00","twitter_card":"summary_large_image","twitter_site":"@millerthomson","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/","url":"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/","name":"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt | Miller Thomson","isPartOf":{"@id":"https:\/\/www.millerthomson.com\/en\/#website"},"datePublished":"2023-12-23T00:20:54+00:00","dateModified":"2024-08-22T18:53:42+00:00","breadcrumb":{"@id":"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.millerthomson.com\/en\/deals-cases\/ucore-rare-metals-inc-amends-and-extends-c5-7-million-of-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.millerthomson.com\/en\/"},{"@type":"ListItem","position":2,"name":"Deals and Cases","item":"https:\/\/www.millerthomson.com\/en\/deals-cases\/"},{"@type":"ListItem","position":3,"name":"Ucore Rare Metals Inc. Amends and Extends C$5.7 Million of Debt"}]},{"@type":"WebSite","@id":"https:\/\/www.millerthomson.com\/en\/#website","url":"https:\/\/www.millerthomson.com\/en\/","name":"Miller Thomson","description":"National law firm providing business law expertise and litigation and disputes services for businesses across Canada since 1957.","publisher":{"@id":"https:\/\/www.millerthomson.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.millerthomson.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.millerthomson.com\/en\/#organization","name":"Miller Thomson","url":"https:\/\/www.millerthomson.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg","contentUrl":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg","width":380,"height":50,"caption":"Miller Thomson"},"image":{"@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/MillerThomsonLaw\/","https:\/\/x.com\/millerthomson","https:\/\/www.linkedin.com\/company\/miller-thomson-llp\/","https:\/\/www.youtube.com\/@millerthomson"]}]}},"_links":{"self":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/deals-cases\/4056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/deals-cases"}],"about":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/types\/deals-cases"}],"author":[{"embeddable":true,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/users\/92"}],"version-history":[{"count":0,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/deals-cases\/4056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/media?parent=4056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}