Texas Rare Earth Resources Engages Financial Advisor
SIERRA BLANCA, Texas, July 11, 2013 (GLOBE NEWSWIRE) -- Texas Rare Earth Resources Corp. (OTCQX:TRER), a heavy rare earths exploration company, is pleased to announce that it has retained a financial advisor to review strategic alternatives for the development of the Company's flagship heavy rare earth Round Top Project located 85 miles southeast of El Paso, Texas. This advisor, with offices in New York City and Houston, is a full service investment bank focused on the natural resources sector, including oil & gas, metals & mining, and agriculture.
Dan Gorski, CEO, commented: "We are very excited about the opportunity to engage a financial advisor to assist in the development of the Round Top Project. Its principals have a strong track record of success in the metals & mining sector. As we near the successful conclusion of our metallurgical studies we felt it appropriate to engage a banker that could assist us in pursuing the widest possible range of strategic alternatives to increase shareholder value."
About Texas Rare Earth Resources Corp.
Texas Rare Earth Resources Corp.'s primary focus is exploring and, if warranted, developing its Round Top rare earth minerals project located in Hudspeth County, Texas, 85 miles east of El Paso. The Company's common stock trades on the OTCQX U.S. tier under the symbol "TRER." For more information on Texas Rare Earth Resources Corp., visit its website at www.trer.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding review and development of strategic alternatives for the Company's Round Top Project, future conclusion metallurgical studies and other such similar statements.. When used in this press release, the words "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if, "anticipate," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, risks related to changes in future operating costs and working capital balance, risks related to mineral estimates, risks related to mining results not matching preliminary tests and risks related to the ability of the company to successfully monetize its non-rare earth resources, as well as those factors discussed under the heading "Risk Factors" in the Company's latest annual report on Form 10-K, as filed on November 15, 2012, and other documents filed with the U.S. Securities and Exchange Commission. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements.
Contact
Company Contact:
Texas Rare Earth Resources Corp.
Anthony Marchese, Non-Executive Chairman
E-mail: amarchese@trer.com
Investor Contact:
Alliance Advisors, LLC
Alan Sheinwald
Phone: (914) 669-0222
E-mail: asheinwald@allianceadvisors.net
Valter Pinto
Phone: (914) 669-0222 x201
E-mail: valter@allianceadvisors.net