Ucore Terminates Agreement with Hexagon

Ucore Rare Metals Inc of Halifax, NS has announced that its Investment Agreement between its wholly-owned subsidiary, Innovation Metals Corp and Hexagon Energy Materials Ltd of Australia has been terminated. The agreement provided Hexagon with a 12-month option to acquire 49% of American Innovation Metals. Exercise of the option would have given Hexagon exclusive rights to commercialize Innovation’s RapidSX technology for rare earth elements separation.

Volume 34, Issue 20

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