SOURCE: Texas Rare Earth Resources
SIERRA BLANCA, TX--(Marketwired - Nov 5, 2013) - Texas Rare Earth Resources Corp. (OTCQX: TRER), a heavy rare earths exploration company, is pleased to announce that Dan McGroarty, a consultant to the rare earth industry and principal of Carmot Strategic Group, has joined the Company's Advisory Board.
Dan McGroarty has consulted for more than a decade with firms ranging from Fortune 50 companies to start-up ventures in industries ranging from the resource sector, telecommunications and airlines to travel, pharmaceuticals and financial services. His engagements occur at the CEO and senior executive level. In a typical Carmot engagement, Dan manages custom-built consulting teams on an international level, with a focus on issue management and company strategy, against the broader policy and risk environment that affects each client.
As principal of the non-profit American Resource Policy Network, an experts-led resource development think tank, Dan provided testimony on critical metals issues to the U.S. House Sub-Committee on Energy & Mineral Resources in 2011 and 2013, and to the U.S. House Sub-Committee on Science, Space & Technology in 2013. Dan has been asked to participate in the 2015 National Defense Stockpile Requirements Report, which by statute is delivered to the Secretary of Defense and the House and Senate Armed Services Committees.
Dan serves as Senior Advisor to the U.S. Chamber of Commerce/International Division. He served as a director of publicly traded U.S. Rare Earths, Inc. and its predecessor company from December 2010 to June 2013, and as President of the company from December 2011 through July 2013. He is a frequent speaker on Rare Earths and strategic and critical metals issues, at conferences across the U.S., Canada and in China, and in television, radio and print interviews. Prior to establishing his consultancy, Dan served at senior levels in the U.S. Government, as Special Assistant to the President in the White House and as presidential appointee to two Secretaries of Defense.
As a former think tank fellow, Dan's articles and op-eds on current issues have been published in The Wall Street Journal, the New York Times, The Public Interest, National Review, Philanthropy, The Christian Science Monitor, Politico, Forbes, the Los Angeles Times, Investor's Business Daily, Policy Review and The American Spectator. Dan also serves as Adjunct Professor in the Graduate School of Political Management at George Washington University, as a contributing columnist on geo-political issues at RealClearPolitics' RealClearWorld page, and as a Contributing Editor at InvestorIntel.com.
"We are extremely pleased to welcome Dan," commented Dan Gorski, President and CEO. "He brings additional depth to our management team and will play a key role in illuminating the National strategic importance of our Round Top deposit."
"Texas Rare Earths is positioning itself to become a significant supplier of critical and heavy REEs," said Dan McGroarty. "I am delighted to be working with Dan Gorski and the TRER Board to advance a project that we believe will be key to so many high-tech, green-tech and national security applications."
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.
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, the positioning of the Company to become a strategic supplier of critical and heavy REEs, and the potential importance of the Round Top project to many high-tech, green-tech and national security applications 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.