Ucore Rare Metals, Inc. UURAF – Update
We wanted to return to UURAF today, a company we covered last month, which is in the process of designing and building a rare earth material extraction facility near Ketchikan, Alaska which it believes could help the US end its dependency on China for rare earths.
UURAF’s Bokan – Dotson Ridge rare earth property is considered as having some of the richest deposits of rare earth materials in North America, and is so promising that the Alaskan government pledged a $145M funding package to assist in development of the property, including $30M for the new processing facility.
A few weeks ago, the company announced it would be executing a private placement to help cover general expenses as it continues to develop the Bokan property, and just yesterday, we saw that the company has completed the first portion of that deal, quickly making good on its earlier statement:
HALIFAX, Nova Scotia, June 11, 2018 (GLOBE NEWSWIRE) — Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) is pleased to announce that further to its news release dated May 23, 2018, the Company has successfully closed the first tranche of its non-brokered private placement by issuing 6,344,074 units at a subscription price of $0.18 per Unit for gross proceeds of approximately $1,142,000. (>>View Full PR)
We have also prepared a video presentation of the current UURAF chart.
We are going to be reviving our YouTube channel so after you’re finished viewing the following chart, be sure that you get subscribed with alerts activated, for more great content coming soon!
Tesla, Inc. TSLA – Options Idea
TSLA stock is getting a jolt after KeyBanc analysts predicted as much as a 50% rise in Tesla Model 3 deliveries, and as is the case whenever something causes a stir on the chart, we are going to be looking to take advantage of the situation using some weekly options ideas.
For TSLA, which just recently cracked through its 200DMA, we are going to be looking to the TSLA Weekly 337.50-347.50 Calls for potential quick-strike trades.
KNDI, SAGE, I, RIGL, GALT, TYME, APRI