Texas Rare Earth Resources to Release its Preliminary Economic Assessment Study in June 2012
Texas Rare Earth Resources Corp. (the 'Company?) (OTCQX: TRER), a rare
earths mineral exploration and development company, announced today that
its Preliminary Economic Assessment study ('PEA?) on the Round Top rare
earth minerals project is expected to be released later this month. The
PEA, being prepared by Gustavson Associates, of Denver, CO, is in the
final stages of review. Gustavson is preparing the study in accordance
with Canadian National Instrument 43-101.
About Texas Rare Earth Resources
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,
Texas. 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 the term 'resource.? We advise U.S. investors that while
this term is defined in accordance with Canadian National Instrument 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?), such term is not recognized by the SEC and is normally not
permitted to be used in reports and registration statements filed with
the SEC. U.S. Investors are cautioned not to assume that any defined
resource would ever be converted into SEC compliant reserves. Our Round
Top rare earth minerals project currently does not contain any known
proven or probable ore reserves under SEC reporting standards. 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. Expected timing for and
completion of the PEA are forward-looking statements. The material
factors and assumptions used to develop forward-looking statements
contained in this press release include the following: exploration and
assay results, mineral resource estimates, terms and conditions of
agreements with contractors (including Gustavson) and board approved
plans. 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
report on Form 10-Q as filed on April 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.
Texas Rare Earth Resources Corp.
Nadine Wakely, 303-597-8737
Director
Investor Relations
nwakely@trer.com
