SIERRA BLANCA, TX--(Marketwired - Jan 14, 2014) - Texas Rare Earth Resources Corp. (OTCQX: TRER), a heavy rare earths exploration company, is pleased to announce that James Hedrick, a consultant to the rare earth industry and former rare earth commodity specialist at the U.S. Geological Survey, has joined the Company's Advisory Board.
"We are extremely pleased to welcome Jim to our team," commented Jack Lifton, Director and Board Liaison to the Advisory Board. "I have learned a great deal from the voluminous and informative writings on the geology, refining, and uses of the rare earths by Jim Hedrick. I look forward to the positive contributions that his expertise will bring to TRER."
Jim Hedrick commented, "I am honored to join the Advisory Board at Texas Rare Earth Resources. TRER is moving its company in the right direction and I plan to support and build on the expertise they have in place. I join both new and old colleagues at TRER and know the synergy will be a productive venture for the company and the rare-earth industry."
James Hedrick is an independent geologic consultant to the mining industry, investment groups, media, and the government. He retired from his position as the rare-earth commodity specialist at the U.S. Geological Survey in 2010 after nearly 32 years of U.S. Government service. He has studied all aspects of the rare-earth elements for the U.S. Government since 1981. His past responsibilities were to prepare the U.S. Government's reviews and publications on a variety of minerals and metals. He continues to write articles for the minerals industry and has chaired various sessions on rare earths and strategic and critical minerals in both the United States and Europe.
Jim started his U.S. Government career in Oregon in 1978 as an engineering geologist with the U.S. Army Corps of Engineers-civilian. A year later he transferred with the government to Pittsburgh, Pennsylvania to the U.S. Bureau of Mines to research strategic deposits, prepare cost feasibility studies, and review environmental impact statements for the Director of the Bureau of Mines. In 1981, he accepted a job with the U.S. Bureau of Mines at their headquarters in Washington, DC, as the rare-earth commodity specialist. In addition to the rare earths, he was assigned an increasing number of mineral commodities including thorium, mica, hafnium, and zirconium. His publications and projects included work on mercury, rubidium, iodine, boron, bromine, graphite, gold, silver, copper, molybdenum, niobium, tantalum, and beryllium.
Jim has published over 300 articles and professional papers on mineral commodities, including over 100 since arriving at the U.S. Geological Survey in Reston, Virginia, in 1996. He is a graduate of James Madison University with B.S. degrees in Geology and General Science, and did graduate study at North Carolina State University.
Upon retirement from the U.S. Geological Survey, Jim formed Hedrick Consultants, Inc. in Burke, Virginia. He has been an advisor to several rare earth and mining exploration companies in Australia, Canada, and the United States. He provides consulting expertise on all aspects of the metal and industrial mineral industries.
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, Mr. Hedrick's future contributions to the Company and its Advisory Board 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 26, 2013, 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.