Former U.S. Geological Survey Director Joins Texas Rare Earth Resources Advisory Board
SIERRA BLANCA, Texas, July 19, 2013 (GLOBE NEWSWIRE) -- Texas Rare Earth Resources Corp. (OTCQX:TRER), a heavy rare earths exploration company, is pleased to announce that Charles "Chip" Groat, a nationally recognized figure in the mining community, has joined the Company's newly formed Advisory Board.
Charles "Chip" Groat, Ph.D., is currently the President and CEO of The Water Institute of the Gulf, a not-for-profit, independent research institute dedicated to advancing the understanding of coastal, deltaic, river and water resource systems, both within the Gulf Coast and around the world. Chip is a globally recognized expert on earth sciences, energy, resource assessment, groundwater issues and coastal studies. Prior to The Water Institute of the Gulf, Dr. Groat served as Director of the Center for International Energy and Environmental Policy and Associate Director of the Energy Institute at the University of Texas, where he held the John A. and Katherine G. Jackson Chair in Energy and Mineral Resources at the Jackson School of Geosciences.
He was director of the U.S. Geological Survey for seven years under presidents Bill Clinton and George W. Bush and served as executive director of the American Geological Institute. His experience as an educator includes time spent as Executive Director at the Center for Coastal, Energy and Environmental Resources at Louisiana State University and as a professor for LSU's Department of Geology and Geophysics. Other past positions include Assistant Secretary of the Louisiana Department of Natural Resources, where he administered the Coastal Zone Management Program and the Coastal Protection Program. From May to November 1998, he served as Associate Vice President for Research and Sponsored Projects at the University of Texas at El Paso, following three years as Director of the Center for Environmental Resource Management.
Dr. Groat earned a bachelor's degree in geology from the University of Rochester, a master's in geology from the University of Massachusetts, and a doctorate in geology from the University of Texas.
"We are extremely pleased to welcome Chip to our team," commented Dan Gorski, President and CEO. "The addition of Dr. Groat to our Advisory Board significantly adds depth to TRER's management team and strengthens our credibility in the governmental and non-governmental areas. We welcome Dr. Groat and look forward to working closely with him."
Mr. Groat commented, "My first responsibility when I joined the Texas Bureau of Economic Geology in 1968 was investigating the mineral and energy resources of Trans-Pecos Texas. I assessed metals, uranium, zeolites, and industrial rocks and minerals. To be able to provide advice as part of a serious effort to develop the unique resources in the Sierra Blanca area is very satisfying , especially knowing how much it would benefit the people and economy in the area."
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 the potential development of the Round Top project and the potential benefits to the people and economy of Sierra Blanca 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