|By Marketwired .||
|November 29, 2012 06:13 PM EST||
HALIFAX, NOVA SCOTIA -- (Marketwire) -- 11/29/12 -- Ucore Rare Metals Inc (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce that it will be presenting at the Alaska Strategic and Critical Minerals Summit on Friday, November 30, 2012. The event is being sponsored by the State of Alaska and the University of Alaska Fairbanks.
The agenda for the summit includes a progress report on the State of Alaska's strategic metals initiative, announced by Governor Sean Parnell in September of 2011 and entitled "Secure Alaska's Future - Strategic Minerals". The strategy includes the following initiatives:
-- The undertaking of an assessment of the State's strategic mineral potential; -- The provision of incentives for development of strategic mineral occurrences; -- Improvements to the structure and efficiency of permitting processes in order to expedite mineral development; -- Deepening coordination between public and private entities; -- And attracting new investment for Alaska's mineral resources.
Speakers at the conference include Lt. Gov. Mead Treadwell; Department of Commerce, Economic Development and Community Affairs Commissioner Susan Bell; Department of Natural Resources Deputy Commissioner Ed Fogels; other State officials and representatives from the private sector. United States Senator Lisa Murkowski, R-Alaska is expected to attend.
The Company's Chief Operating Officer, Ken Collison will be discussing the Company's recently released Preliminary Economic Assessment on the Bokan Mountain project. Excerpts from the Company's conference materials can be found at the following link:
"We are grateful to the organisers for the opportunity to present at the Second Annual Alaska Strategic and Critical Minerals Summit," said Jim McKenzie, President & CEO of Ucore. "Alaska's strategic minerals initiative demonstrates the State's commitment to the development of its rare earth resources and to aid the United States in its efforts to develop an independent supply of these critical materials."
About Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is a development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson Ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.
The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements dysprosium, terbium and yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earth elements, as disclosed in the Company's NI 43-101 resource estimate technical report, filed on April 21, 2011. The resource was completed by R. J. Robinson, a consultant from Aurora Geosciences.
Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer