Ucore Rare Metals Inc. (TSXV:UCU,OTCQX:UURAF) announced that Sean Parnell, governor of Alaska, has signed legislation authorizing the Alaska Industrial Development and Export Authority to provide financing for the company’s Bokan-Dotson Ridge project.
As quoted in the press release:
Senate Bill 99 (SB99), which was passed unanimously by the State legislature, was officially signed by the Governor in front of a highly attended meeting of the Ketchikan Chamber of Commerce and Rotary. The meeting was attended by Senator Lesil McGuire (co-sponsor of SB 99), the mayors of Ketchikan, Ketchikan Gateway Borough, Sitka and Craig, Deantha Crockett of the Alaska Miners Association, Ucore COO Ken Collison, Ucore Director of Environment and Community Relations Randy MacGillivray, Ucore Advisory Board Member Randy Johnson, as well as members of the South East Alaska public and business communities.
Jim McKenzie, president and CEO of Ucore, commented:
The official signing of SB99 is an important milestone for our company and for the people of Alaska. Bokan will advance Alaska’s economic agenda, and ensure a secure domestic supply line of rare earth metals for the American market. We’d like to express our sincere appreciation to Governor Parnell and Senators McGuire and Stedman for their ongoing support of this important initiative.