To the surprise of many penny stock investors the stock UCU or Ucore Rare metals is spiking, going from 50 cents to 56 cents in just a few hours. That is a one day gain of 13% so far.

Recent news from Market Watch suggests that Ucore was in the Chinese spotlight as they clamped down on the production of rare earth metals (essential to the production of electronics)

“NEW YORK, NY, Oct 12, 2011 (MARKETWIRE via COMTEX) — Demand for rare earth elements continues to skyrocket as the metals play an integral role in modern technology. It is estimated that China holds about 30 percent of the world’s rare earth deposits, but accounts for over 95 percent of global production. With prices for the elements surging higher, explorers worldwide are finally trying to cash in on this lucrative sector. The Paragon Report examines investing opportunities in the Rare Earth Industry and provides equity research on Lynas Corporation Limited (pinksheets:LYSCF) (asx:LYC) and Ucore Rare Metals, Inc. CA:UCU +9.09% (pinksheets:UURAF). Access to the full company reports can be found at:

Ucore Rare Metals Description

Ucore Rare Metals Inc. (Ucore), formerly Ucore Uranium Inc., is a junior exploration company. The Company focuses its exploration activities on its Bokan Mountain/Dotson Ridge property in Alaska. Ucore owns a 100% interest in 422 claims at Bokan Mountain/Dotson Ridge. The Lost Pond uranium and rare earth element (REE) property is located near the province’s west coast. Ucore holds a 100% interest in the Sandybeach Lake property, located in southwestern Nunavut. In addition to the Lost Pond property, Ucore holds a portfolio of uranium properties. Its wholly owned subsidiaries include Ucore Resources LP (NS) Inc., Rare Earth One LLC (AK), Mineral Solutions LLC (AK), Landmark Alaska Limited Partnership (AK), Landmark Minerals Inc., 5621 N.W.T. Ltd. and Landmark Minerals US.

Learn more about Ucore Metals on their Google Finance page – Ucore Metals

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