SIERRA BLANCA, Texas, December 14, 2016 (MARKETWIRED) -- Texas Mineral Resources Corp. (OTCQX: TMRC) an exploration company targeting the heavy rare earths and a variety of other high-value elements and industrial minerals,, is pleased to announce that Dr. Nicholas Pingitore, a board member of the Company and a professor at the University of Texas at El Paso’s Department of Geological Sciences, will present a poster featuring the Company’s Round Top Project at the 49th Annual Fall Meeting of the American Geophysical Union In San Francisco, California from December 12-16, 2016.
Title: Lithium and Beryllium By-product Recovery from the Round Top Mountain, Texas, Peraluminous Rhyolite Heavy Rare Earth Deposit
Authors: Nicholas E. Pingitore Jr.*, Juan W. Clague, Daniel Gorski
Abstract Link: http://bit.ly/2hEExy1
Anthony Marchese, Chairman, commented: “We want to thank Dr. Pingitore and his team for their fine work. Their research has significantly expanded our knowledge of the Round Top project. Recent political events make it increasingly clear that the United States needs to quickly develop an alternative to its total dependence on China for its heavy rare earth needs in the defense sector. Potential byproducts such as lithium and beryllium significantly add to the value-creation of the project.”
The American Geophysical Union (AGU) is a nonprofit organization of geoscientists, consisting of over 61,000 members from over 146 countries. AGU's activities are focused on the organization and dissemination of scientific information in the interdisciplinary and international field of geophysics. The 49th Annual Fall meeting is expected to draw over 24,000 scientists, educators and students in San Francisco December 12-16, 2016.
About Texas Mineral Resources Corp.
Texas Mineral 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 “TMRC.” For more information on Texas Mineral Resources Corp., visit its website at wwwtmrcorp.com.
* - Texas Mineral Resources Corp. did not request or compensate Mr. Pingitore directly in relation to the preparation of the Abstracts or Poster Presentations. The Abstracts and Poster Presentations are the work of Mr. Pingitore and his co-authors. The Company does have a research agreement with the University of Texas at El Paso pursuant to which the Company paid for the work represented in the Abstracts and Poster Presentations to be completed. While our Chief Executive Officer, Mr. Daniel Gorski, did participate in the planning, execution and review of the research represented in the Abstracts and Poster Presentations, and is named as a co-author, the Company does not hereby adopt or otherwise endorse any of the statements or contents of the Abstracts or Poster Presentations as its own. Investors should review the Company’s filings with the United States Securities and Exchange Commission at www.sec.gov prior to making any investment decisions in relation to the securities of the Company.
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 presentation of the Abstracts and Poster Presentations at the 49th Annual Fall Meeting of the American Geophysical Union In San Francisco, California, mineralization and resources at the Round Top project and potential development of the Round Top project and 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 30, 2015, 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.
Texas Mineral Resources Corp.
Anthony Marchese, Chairman