Ucore Comments on Unanimous Passing of SB 99 by Alaska State Senate

Ucore

(TSX-V:UCU) (“Ucore” or “the Company”) is pleased to comment on the passage of Senate Bill 99 “AIDEA: Development Loans” (“SB 99” or “the Bill”) through the Alaska State Senate. SB 99 passed in a unanimous vote, with all 20 senators voting in favor of the Bill. The Bill would authorize the Alaska Industrial Development and Export Authority (“AIDEA” or the “Authority”) to issue bonds to finance the infrastructure and construction costs of the Bokan-Dotson Ridge rare earth element project up to a principal amount of $145 million.

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