Ucore Testifies Before U.S. Senate Committee on Energy & Natural Resources

HALIFAX, NOVA SCOTIA--(Marketwired - March 29, 2017) - Ucore Rare Metals, Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is very pleased to announce that the Company has accepted an invitation to testify before the U.S. Senate Committee on Energy & Natural Resources regarding the state of the industrial base for the production of strategic and critical materials in the United States. On March 28, 2017, Ucore's Vice President Project Development, Randy MacGillivray, gave live testimony. A link to the recorded proceedings is available here: http://ucore.com/hearing

MacGillivray provided information on the need for a US-based rare earth ("REE") supply and production chain. He asserted the criticality of Ucore's valuable rare earth element project within that chain, commenting on the status of the Bokan-Dotson Ridge REE Project in Alaska ("Bokan" or the "Project") as a critical and strategic U.S. asset. He also detailed Ucore's continuing work at Bokan, including ongoing analysis of metallurgical processes vital to the bankable feasibility study.

Most notably, MacGillivray provided information regarding the successful execution of the REE separation pilot plant in Utah, utilizing Bokan feedstock in combination with innovative American clean-tech separation methodologies. In combination with Bokan, he noted that the technology represents a significant opportunity for near term production of crucial heavy REE on US soil. With its accessibility and favorable logistics, MacGillivray noted that the Project would give the U.S., the world's leading consumer of rare earth elements, strategic and secure access to a domestic supply of critical REE.

"The issue of foreign mineral dependence is not new," said Jim McKenzie, CEO of Ucore. "However, Congress is certainly elevating awareness of the problem at a very critical time. Ucore's testimony has highlighted that the importance of an issue that can't be overstated. At present, the People's Republic of China dominates the production of numerous materials, including rare earth elements, which are essential for the proper function of everything from American smart phones to advanced weapons systems. In fact, China exhibits a near monopoly on the production of these materials, posing a dangerous risk to U.S. supply chains."