Ucore Rare Metals is pleased to provide an update on the lawsuit that was initiated on February 19, 2019, by IBC Advanced Technologies, Inc. and Steven R. Izatt against Ucore and certain executives of the Company. Under the Second Utah Complaint, on March 6, 2020, IBC filed a Motion for Partial Summary Judgment seeking an outright judgment by the U.S. District Court, District of Utah declaring: 1) the Option to Purchase
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