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Off-market insider buying at Ucore Rare Metals (V:UCU)

Updated Tuesday Feb 16, 2021 04:16 AM EDT

Concept Capital Management Ltd, a 10% Holder, acquired 1,250,000 Common Shares on a direct ownership basis at a price of $1.000 through a prospectus or prospectus exempt offering on February 9th, 2021. The insider also acquired 6,250,000 Warrants with an exercise price of $1.250 for 36 months. This represents a $1,250,000 investment into the company's shares and an account share holdings change of 28.5%.

Ucore Rare Metals is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

Ucore Rare Metals Inc. is a junior exploration and technology company. The Company is engaged in the exploration and development of rare earth element properties within Canada and the United States. The Company is focusing its exploration activities on its Bokan Mountain/Dotson Ridge property in Alaska. The Bokan Mountain project is located on Prince of Wales Island, Alaska, approximately 60 kilometers southwest of Ketchikan, Alaska and over 140 kilometers northwest of Prince Rupert, British Columbia. Its projects also include Seagull Tin property, which is located in the Southwestern Yukon, and Sandybeach Lake property, which is located in southwestern Nunavut. The Company focuses to acquire the exclusive rights to Superlig Molecular Recognition separation technology (MRT) process for rare earth separation among other applications. This technology is used by the Company to separate the entire suite of rare earth elements from Bokan ore.

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Go to Ucore Rare Metals Inc. (UCU)'s company page

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