|By Marketwired .||
|September 16, 2013 07:00 AM EDT|
SIERRA BLANCA, TX -- (Marketwired) -- 09/16/13 -- Texas Rare Earth Resources Corp. (OTCQX: TRER), a heavy rare earths exploration company, today announced that Daniel Gorski, Chief Executive Officer, will present at the Global Uranium Symposium in Corpus Christi, Texas beginning September 29th through October 3rd.
U-2013 Global Uranium Symposium Presentation Details:
Where: Omni Corpus Christi Hotel - Bayfront
900 North Shoreline Blvd.
Corpus Christi, Texas 78401
When: Wednesday, October 2nd at 8:00 a.m. to 9:30 a.m.
Conference Website: http://www.u-2013.org/
Dan will be the moderator of a panel discussion titled "Rare Earth Elements I." In addition, he will give a presentation titled: "Exploration and Development of the Round Top Heavy Rare Earth, Beryllium and Uranium Deposit, Hudspeth County, Texas." It is worth noting that although the June 2012 Texas Rare Earth Resource PEA did not specify a measured, indicated and inferred uranium resource, the upcoming revised PEA is anticipated to delineate a large uranium resource such that it is expected to potentially, materially add to the economics of the Company's Round Top project.
The Global Uranium Symposium will bring together over 500 registered attendees, professionals in the fields of mining, processing, exploration, permitting, and health and safety together with business leaders, experts in the World uranium market, and government officials involved in regulation and permitting. In addition to workshops and presentations on uranium research and global developments, participants will have the opportunity to tour regional mines and nuclear power plants while enjoying the beautiful South Texas weather and hospitality.
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 upcoming PEA, the anticipated large uranium resource in the PEA, the expectation that the PEA will potentially, materially add to the economics of the Company's Round Top project, Mr. Gorski's participation at the conference 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.
Cautionary Note to Investors Regarding Mineral Estimates
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 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 "resource", "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.