SOURCE: Texas Rare Earth Resources

Texas Rare Earth Resources

March 28, 2014 07:00 ET

Texas Rare Earth Resources Joins the Borderplex Alliance

The Borderplex Alliance and Texas Rare Earth Resources Join Forces for Regional Economic Development

SIERRA BLANCA, TX--(Marketwired - Mar 28, 2014) - Texas Rare Earth Resources Corp. (OTCQX: TRER), a heavy rare earths exploration company, is pleased to announce that it has joined the Borderplex Alliance.

The Borderplex Alliance is a non-profit bi-national organization founded by the private sector of the North American Borderplex region. The organization is dedicated to promoting one regional economy by leveraging its regional assets, solving the region's common challenges, and taking advantage of the common opportunities in West Texas, Southern New Mexico and Northern Chihuahua, Mexico.

"We are extremely pleased to join the Borderplex Alliance," commented Dan Gorski, CEO of Texas Rare Earth Resources. "We envision a close working relationship with the El Paso regional business community as we look to develop our Round Top project as the centerpiece of a national rare earth hub in the El Paso area. Our project has the potential to provide the region with a significant number of well-paying skilled and semi-skilled jobs for many years to come and we see the Borderplex Alliance as a key ally in our efforts."

"In its continued effort to develop and promote the tri-state, bi-national regional economy, the Borderplex Alliance is pleased to have Texas Rare Earth Resources as a member," said Borderplex Alliance CEO Rolando Pablos. "Rare earth minerals are key resources in the economic development of the North American Borderplex as they are used in advanced technology and defense related manufacturing."

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 southeast 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, the Company working closely with the El Paso regional business community, development of Round Top project as a centerpiece of a national rare earth hub in the El Paso area, the potential of the Round Top project to provide the El Paso region with a significant number of well-paying skilled and semi-skilled jobs for many years 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.

Contact Information

  • Company Contact:
    Texas Rare Earth Resources Corp.
    Anthony Marchese
    Chairman
    E-mail: Email Contact