Ucore has option to acquire IBC, own REE separation technology

Ucore Rare Metals Inc. March 13 reported that it has secured an option to acquire the outstanding shares of IBC Advanced Technologies, a company that has been instrumental in designing and developing a rare earth separation process for Ucore.

Ucore paid US$650,000 to enter the two-year option.

Under the terms of the agreement, Ucore will have the right to purchase the outstanding shares of IBC for...