Ucore Rare Metals, Inc. Joins OTCQX

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Dec 07, 2010, 07:00 ET

NEW YORK, Dec. 7, 2010 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Ucore Rare Metals, Inc. (TSX.V: UCU; OTCQX: UURAF), an exploration company with significant exploration holdings across North America, is now trading on the OTC market's highest tier, OTCQX®.

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Ucore Rare Metals began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.

"Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC-traded companies focused on valuation and transparency," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Ucore Rare Metals to OTCQX."

Berenbaum Weinshienk PC will serve as Ucore Rare Metals' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Ucore Rare Metals Inc.

Ucore Rare Metals, Inc. (TSX.V: UCU; OTCQX: UURAF) trades in the United States on OTCQX under the symbol "UURAF". The company is a well-funded junior exploration enterprise focused on the establishment of rare earth element (REE), uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge Heavy Rare Earth property in Alaska (Bokan). Bokan is situated in an area reserved by the U.S. Dept of Agriculture for sustainable resource development, with no permitted residential populations. Bokan is located in the temperate boreal climate of the Prince of Wales Island in Southeast Alaska, just 60 miles from Prince Rupert, BC. The area features year-round mining capability and is the only rare earth project currently documented worldwide on immediate deep water access. According to a recent USGS study (Report 2010–5220), the project represents one of the three largest known rare earth deposits on U.S. soil.

The Bokan project has anomalously high heavy rare earth (HREE) enrichment, with HREE skews that are among the highest on record worldwide. In particular, the project has unusually high relative content of Dysprosium and Terbium, heavy rare earth elements that are among the most valuable, scarce and sought after metals known to man. China currently exports in excess of 95% of the world supply of HREE's. The values of these technology metals, utilized intensively for military, alternative energy and communications applications, are anticipated to increase markedly over the next five years, as China withdraws their availability from the United States and world markets.

About OTCQX

OTCQX is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information, and to view a full list of OTCQX companies, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].

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SOURCE Pink OTC Markets Inc.