Ucore Rare Metals (TSE:UCU) has released an update.
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Ucore Rare Metals Inc. is set to raise approximately $2.4 million through a private placement of 4.8 million units, each priced at $0.50. The proceeds are aimed at advancing agreements and engineering plans for its Strategic Metals Complex in Louisiana and addressing corporate financial needs. The transaction involves significant participation from company insiders.
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