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UURAF
Ucore Rare Metals, Inc.

Ordinary Shares

1.07

0.13

13.83%

1.05 / 1.08 (2400 x 1000)

Real-Time Best Bid & Ask: 05:00pm 07/15/2025
Delayed (15 Min) Trade Data: 12:00am 07/15/2025
Ucore Rare Metals, Inc. Company Logo

210 Waterfront Drive

Suite 106

Bedford, NS B4A 0H3

Canada

Business Description
Ucore Rare Metals Inc. ("Ucore" or the "Company") is a corporation domiciled in Canada. The address of the Company's head office is 210 Waterfront Drive, Suite 106, Halifax N.S., B4A 0H3. The Company is engaged in the exploration for and separation of rare earth elements within Canada and the United States. The Company is in the process of exploring its resource properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. To date, the Company has not earned significant revenues and is considered to be a development stage enterprise. On May 8, 2020, the Company acquired 100% of the issued and outstanding shares of Innovation Metals Corp. ...
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Financial Reporting
Reporting Status
International Reporting: TSX Venture Exchange
Audited Financials
Audited
CIK
0001495651
Fiscal Year End
12/31
Company Officers & Contacts
Pat Ryan
CEO

Mr. Ryan is the Founder of Neocon International, a multi-million dollar automotive OEM design and lean manufacturing company which he conceptualized in 1993. From its start-up he was the strategic architect responsible for raising capital, assembling and directing a team of R&D engineers, establishing niche product opportunities such as lighter weight materials tapping into OEM "green" initiatives, developing process QA standards and procuring equipment and facilities to deliver to international markets. Under Mr. Ryan's design, Neocon was acquired in 2002 by Exco Technologies, Ltd., a publically traded TSX company. With this new structure Ryan was able to access additional capital to develop expanded manufacturing facilities in both the USA and Mexico serving customers such as Toyota, Nissan and General Motors. Prior to founding Neocon, he held positions as V.P. Operations for Plastics Maritime Ltd. and Design Engineer for T.S.Simms and Company. Mr. Ryan mentors MBA students and graduating design engineers from Dalhousie University from which he holds a Bachelor of Engineering degree. He is the recipient of the APENS Award from the Association of Professional Engineers of Nova Scotia as the most likely to serve society in an ethical manner.

Geoff Clarke
CEO

Mr. Clarke is a Partner at Miller Thomson LLP, a National law firm. Mr Clarke is based out of the Toronto office. He has over 20 years of experience in investment banking, financial advisory services, corporate and securities law as well as teaching experience at the university level in the fields of business law and corporate finance. His law practice focuses on advising public companies, institutional investors and investment banks in regard to securities offerings, mergers and acquisitions, corporate governance, shareholder activism, continuous disclosure, stock exchange matters and securities regulatory compliance matters. His M&A experience includes advising special committees in connection with take-overs, reorganizations, and searching for and prioritizing strategic alternatives. Geoff has extensive experience with clients in the mining sector. Geoff was formerly a partner at a large international business law firm that was a six-times recipient of a global "Mining Law Firm of the Year" award. He was later the President of a full-service institutional investment dealer with offices in Vancouver, Toronto and Montreal. His role at the dealer included providing financial and strategic advice to mining industry companies regarding off-take agreements, joint-ventures, strategic partnerships and raising capital.

Mike Schrider
COO

Mark MacDonald
VP, Business Development

Mr. MacDonald has over 25 years' experience implementing award winning business development and marketing programs at a regional and national level. As Vice President of Sales, Mr. MacDonald was responsible for Mediapro Communication's growth as AT&T Canada's leading Canadian Business to Business sales partner. Mr. MacDonald subsequently took over all responsibilities of the Atlantic Regional Vice President of AT&T Canada Corp. As VP of Operations for Premier Executive Suites Mr. MacDonald consolidated four business units into one regional operation that was awarded Atlantic Canada's, "Best Places to Work" in 2009/10/11. He holds a Bachelor of Commerce degree from Dalhousie University.

Byron Fillmore
VP, Mkt.

Peter Manuel
Vice President, CFO, Corporate Secretary

Peter Manuel is a Chartered Accountant with more than 18 years experience providing consulting services to companies in a range of sectors, with a focus on the financial services and resource sectors. He joins Ucore having spent the last 10 years in England and The Republic of Ireland providing assurance, strategic planning, corporate finance and other consulting services to a portfolio of both public and private entities including licensed banks, proprietary trading operations, and international corporate treasuries. Mr. Manuel holds a Bachelor of Commerce Degree from Dalhousie University.

Tyler Dilney
Controller

Board of Directors
Amira V Abouali
Audit Committee Member

Geoff Clarke
Audit Committee Member, Compensation Committee Member

Mr. Clarke is a Partner at Miller Thomson LLP, a National law firm. Mr Clarke is based out of the Toronto office. He has over 20 years of experience in investment banking, financial advisory services, corporate and securities law as well as teaching experience at the university level in the fields of business law and corporate finance. His law practice focuses on advising public companies, institutional investors and investment banks in regard to securities offerings, mergers and acquisitions, corporate governance, shareholder activism, continuous disclosure, stock exchange matters and securities regulatory compliance matters. His M&A experience includes advising special committees in connection with take-overs, reorganizations, and searching for and prioritizing strategic alternatives. Geoff has extensive experience with clients in the mining sector. Geoff was formerly a partner at a large international business law firm that was a six-times recipient of a global "Mining Law Firm of the Year" award. He was later the President of a full-service institutional investment dealer with offices in Vancouver, Toronto and Montreal. His role at the dealer included providing financial and strategic advice to mining industry companies regarding off-take agreements, joint-ventures, strategic partnerships and raising capital.

Jaroslav Dostal
Independent Director, Compensation Committee Member

Dr. Dostal is Professor Emeritus of Geology at Saint Mary's University in Halifax. He has over 35 years' experience in geology, ore deposit studies, and geochemistry. He has published more than 250 scientific papers, and is a widely acknowledged expert on uranium mineralization in granitoids and volcanic rocks and mobility of uranium in metamorphic and volcanic rocks. He is the recipient of the 2005 Career Achievement Award of the Volcanology and Igneous Petrology Division of the Geological Association of Canada and the 2007 Gesner Medal for Distinguished Scientist of the Atlantic Geoscience Society. He is also Honorary Professor of Mongolian University of Science and Technology in Ulaanbaatar.

Randy Johnson
Independent Director

Steven Meister
Independent Director, Audit Committee Member, Compensation Committee Member

Mr. Meister has over 25 years of management and business development experience across Canada. Since 1995, Mr. Meister has been strategically involved in various key business initiatives involving the mining industry, oil and gas industry, and utility companies across northern and western Canada. Currently, Mr. Meister is employed with Williams Engineering Canada Ltd as Director, Client Development and Delivery. As a member of the senior leadership team, Mr. Meister’s key responsibility in addition to managing the northern Canada operating region includes creating a business development service line as well as directing the project management function of Williams engineering deliverables. Previously, Mr. Meister worked at Stantec (formally Jacques Whitford Stantec AXYS) as the operations manager for northern Canada and Business Development Manager for ARDICOM, an aboriginal partnership between Northern Aboriginal Services Company (NASCo), Arctic Cooperatives Limited (ACL) and Northwestel. He has also worked with various communities and key stakeholders, including First Nation businesses and regional organizations.

Pat Ryan
CEO

Mr. Ryan is the Founder of Neocon International, a multi-million dollar automotive OEM design and lean manufacturing company which he conceptualized in 1993. From its start-up he was the strategic architect responsible for raising capital, assembling and directing a team of R&D engineers, establishing niche product opportunities such as lighter weight materials tapping into OEM "green" initiatives, developing process QA standards and procuring equipment and facilities to deliver to international markets. Under Mr. Ryan's design, Neocon was acquired in 2002 by Exco Technologies, Ltd., a publically traded TSX company. With this new structure Ryan was able to access additional capital to develop expanded manufacturing facilities in both the USA and Mexico serving customers such as Toyota, Nissan and General Motors. Prior to founding Neocon, he held positions as V.P. Operations for Plastics Maritime Ltd. and Design Engineer for T.S.Simms and Company. Mr. Ryan mentors MBA students and graduating design engineers from Dalhousie University from which he holds a Bachelor of Engineering degree. He is the recipient of the APENS Award from the Association of Professional Engineers of Nova Scotia as the most likely to serve society in an ethical manner.

Other Company Insiders
Bernd Hogel
Concept Capital Management
Randy Johnson
Orca Holdings, LLC
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
KPMG LLC

1500-1959 Upper Water Street

Halifax

NS B3J 3N2

Canada

Securities Counsel
Miller Thomson LLP

40 King Street West,

Suite 5800

Toronto, ON M5H 3S1

Canada

Profile Data
SIC - Industry Classification
1000 - Metal Mining
Incorporation Information
AB, CA, 2006
Employees
10 as of 09/20/2023
Shell
No
Products and Services

The Company is engaged in the exploration for and separation of rare earth elements within Canada and the United States. The Company is in the process of exploring its resource properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. To date, the Company has not earned significant revenues and is considered to be a development stage enterprise. On May 8, 2020, the Company acquired 100% of the issued and outstanding shares of Innovation Metals Corp. ("IMC"), the developer of its proprietary RapidSX process for the low-cost separation and purification of rare earth elements ("REE"), nickel ("Ni"), cobalt ("Co"), lithium ("Li") and other technology metals, via an accelerated form of solvent extraction. IMC is commercializing this approach for a number of metals, to help enable mining and metal-recycling companies to compete in today's global marketplace.

Company Facilities

The Company holds the claims to the Bokan Mountain Property (the Property).The Property is located approximately 60 km southwest of the business and commercial centre of Ketchikan, Alaska The Property consists of 512 unpatented and un-surveyed lode mining claims covering 38.12 km2 in T80S, R88E of the Copper River Meridian of the Ketchikan recording district, in southeastern Alaska. There are also four 160 acre MTRSC claims located in sections 29, 30 and 31, T80S, R89E, which are wholly owned by Ucore through its Alaskan subsidiaries. The Company entered into a loan agreement with Orca Holdings, LLC, (Orca) in which Orca has a first charge on the Company's assets. In February 2012, the Company entered into a five-year operating lease for its head office premises in Halifax, Nova Scotia which began in October 2012. This lease was extended until October 2020 and further extended to October 2023. The Company’s subsidiary, IMC, entered into a research facility lease in Kingston, Ontario in June 2020 which either party can terminate with 60 days notice.

Company Notes
Sponsored for OTCQX by Berenbaum Weinshienk PC on 12/07/2010.
Formerly=Ucore Rare Minerals, Inc. until 7-2010
Formerly=Ucore Uranium Inc. until 6-2010
OTCQX Best Market Logo
Joined OTCQX 12/2010
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