Farber Advises Ucore in Acquiring Innovation Metals Corp.

Farber News
May 15, 2020
Abstract angle of metal wall.

Farber is pleased to have acted as the exclusive financial advisor to the Board of Directors of Ucore Rare Metals, a public company listed on the Toronto Stock Exchange, in acquiring Innovation Metals Corp. and RapidSX™ rare earth elements (REEs) separation technology.

Innovation Metals Corp. (IMC) is a private, Canada-based company. They have developed the proprietary RapidSX™ process — an accelerated form of solvent extraction that allows for the low-cost separation and purification of REEs, nickel, cobalt, lithium and other technology metals. In order to help North American mining and metal-recycling companies compete in today’s global marketplace, IMC is commercializing the RapidSX™ process.

Ucore Rare Metals is a US-based development-phase company focused on technologies related to rare and critical metals. Ucore’s vision is to transition into an advanced technology company that provides mineral separation products and services to the mining and mineral extraction industry. This vision includes the development of the company’s Bokan-Dotson Ridge Rare Earth Project and the Alaska Strategic Metals Complex.

Deal Team

Glenn Bowman
Senior Managing Director
gbowman@farbergroup.com
T:
647.283.1355
Piers Marsden
Managing Director
pmarsden@farbergroup.com
T:
289.885.6506

 

 

 

Rohan Kumar
Consultant
rkumar@farbergroup.com
T:
647.472.1115
Mark Yang
Senior Consultant
myang@farbergroup.com
T:
647.916.5112

 

 

 


Glenn Bowman is a Senior Managing Director and leader of the Corporate Finance practice of Farber. His practice focuses on advising clients on acquisitions and divestitures. Glenn can be reached at 647.283.1355 and gbowman@farbergroup.com.

Piers Marsden is a Managing Director in the Corporate Finance practice at Farber. He has worked on some of the largest distressed corporate divestitures and restructuring deals. Piers can be reached at 289.885.6506 and pmarsden@farbergroup.com.

Rohan Kumar is a Consultant in the Corporate Finance practice at Farber. Rohan can be reached at 647.472.1115 and rkumar@farbergroup.com.

Mark Yang is a Senior Consultant in the Corporate Finance practice at Farber. Mark can be reached at 647.916.5112 and myang@farbergroup.com.