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Ucore Commences Phase II of Oils Sands Project

HALIFAX, NOVA SCOTIA–(Marketwired – March 6, 2017) – Ucore Rare Metals, Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to report on its joint efforts to monetize rare earth elements and constituent metals from the Alberta oil sands. In 2016, the Company announced that it has partnered with a Major Alberta Oil Sands Producer (“MOSP”) in the undertaking, which has received funding from the National Research Council of Canada Industrial Research Assistance Program (“NRC-IRAP”) (see Ucore Press Release dated July 18, 2016).