Texas Rare Earth Resources to Present at the John Tumazos Very Independent Research, LLC Metals & Mining Conference
Texas Rare Earth Resources Corp. (OTCQB: TRER), a heavy rare earths
exploration and development company, announced today that John Tumazos,
non-executive chairman of the board, will present at the John Tumazos
Very Independent Research, LLC Metals & Mining Conference at the Westin
New York Grand Central Hotel at 212 East 42nd Street in New
York City on Wednesday, October 3rd at 4:00 PM ET. A link to
the live webcast of the presentation, along with presentation materials,
will be available at www.trer.com.
If you are unable to listen to the live presentation, an archive will be
available on the website for 90 days after the conference. A separate
link to the webcast be available at http://www.wsw.com/webcast/vir10/
or at http://www.veryindependentresearch.com/Conferences/fall_2012.htm.
About Texas Rare Earth Resources Corp.
Texas Rare Earth Resources Corp.'s primary focus is exploring and
developing its Round Top rare earth minerals project. The Round Top
project is located in Hudspeth County, Texas, 85 miles east of El Paso.
A preliminary economic assessment (PEA) study was completed for the
Round Top project in June 2012 by Gustavson Associates. The PEA reported
estimated measured and indicated mineral resources* of 359 million
tonnes at a rare earth oxide (REO) grade of 639 ppm, as well as
estimated inferred mineral resources* of 675 million tonnes at an REO
grade of 638 ppm. The occurrence of critical (as identified by the U.S.
Department of Energy′s Critical Materials Strategy report) rare
earth oxides (CREOs) at Round Top represents 69% of the total rare earth
oxides (TREOs). The Company′s common stock trades on the OTCQX U.S.
Premier tier under the symbol 'TRER.?
For more information on Texas Rare Earth Resources Corp., visit
its website at trer.com.
*Cautionary Note to Investors
The United States Securities and Exchange Commission ('SEC?) limits
disclosure for U.S. reporting purposes to mineral deposits that a
company can economically and legally extract or produce. This press
release uses terms that comply with reporting standards in Canada and
certain estimates are made in accordance with Canadian National
Instrument NI 43-101 ('NI 43-101?) and the Canadian Institute of Mining,
Metallurgy and Petroleum ('CIM?) - CIM Definition Standards on
Mineral Resources and Mineral Reserves, adopted by the CIM Council,
as amended (the 'CIM Standards?). NI 43-101 is a rule developed by the
Canadian Securities Administrators that establishes standards for all
public disclosures an issuer makes of scientific and technical
information concerning mineral projects. This press release uses the
terms 'measured and indicated mineral resources? and 'inferred mineral
resources.? We advise U.S. investors that while these terms are
recognized by Canadian regulations, the terms are not recognized under
SEC Industry Guide 7 and are normally not permitted to be used in
reports and registration statements filed with the SEC. Mineral
resources in these categories have a great amount of uncertainty as to
their economic and legal feasibility. 'Inferred resources? have a great
amount of uncertainty as to their existence and, under Canadian
regulations, cannot form the basis of a pre-feasibility or feasibility
study, except in limited circumstance. The SEC normally only permits
issuers to report mineralization that does not constitute SEC Industry
Guide 7 compliant 'reserves? as in-place tonnage and grade without
reference to unit measures. Under SEC Industry Guide 7 standards, a
'final? or 'bankable? feasibility study is required to report reserves,
the three-year historical average price is used in any reserve or cash
flow analysis to designate reserves and all necessary permits and
government approvals must be filed with the appropriate governmental
authority. U.S. Investors are cautioned not to assume that any part
or all of mineral deposits in these categories will ever be converted
into SEC Industry Guide 7 reserves. U.S. investors are urged to
consider closely the disclosure in our latest reports and registration
statements filed with the SEC. You can review and obtain copies of these
filings at http://www.sec.gov/edgar.shtml.
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, and forward-looking
information under Canadian securities laws, including but not limited
to, statements regarding the Company′s advancement of the Round Top
project. 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,
uncertainty of mineralized material and mineral resource estimates,
risks relating to completing metallurgical testing at the Round Top
project, risks related to project development determinations, risks
related to fluctuations in the price of rare earth minerals, the
inherently hazardous nature of mining-related activities, potential
effects on the Company′s operations of environmental regulations, risks
due to legal proceedings, risks related to uncertainty of being able to
raise capital on favorable terms or at all, as well as those factors
discussed under the heading 'Risk Factors? in the Company′s quarterly
reports on Form 10-Q as filed on April 16, 2012, and July 16, 2012, and
the Company′s latest annual report on Form 10-K, as filed on November
22, 2011, and other documents filed with the U.S. Securities and
Exchange Commission. Although the Company has attempted to identify
important factors that could cause actual results to differ materially
from those described in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Except as required by law, the Company assumes no obligation
to publicly update any forward-looking statements, whether as a result
of new information, future events, or otherwise.
For Texas Rare Earth Resources Corp.
John C. Tumazos, 732-444-1083
CFA,
Chairman of the Board
john@veryindependentresearch.com