Ucore Rare Metals Enters Joint Venture with Rare Earth Metals on Heavy REE Prospect in Newfoundland

Ucore Rare Metals Inc. (TSXV:UCU) enters into a joint venture with Rare Earth Metals Inc. (TSXV:RA) to jointly fund exploration and development of the recently acquired Northcott Property, located in western Newfoundland.

The press release is quoted as saying:

Recent prospecting by the underlying owners had identified an area of angular float mineralized with rare earth elements (REE) which exhibited anomalously high heavy REE ratios. The property is underlain by the Hare Hill peralkaline intrusive suite which is host to a number of known REE and U showings in the area.

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