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In a timely interview with Tracy Weslosky, Publisher of InvestorIntel.com, Texas Rare Earth Resources Corp.’s (OTCQX: TRER) newly appointed Non-Executive Chairman of the Board Anthony Marchese responds to questions on the catalyst for the recent resignation of John Tumazos, who resigned last week. Mr. Marchese who has served as a Director of the Company and Chairman of the Audit Committee since December 2009 states: “John is a major shareholder, a friend of mine for the past 20 years and we all as a goal have a higher share price as our immediate goal for all of our shareholders, including ourselves.”Additionally, Mr. Marchese expands in a question about strategic partnerships opportunities in the existing marketplace on how Texas Rare Earth Resources has a “…world class deposit (beryllium), with outstanding infrastructure in Texas…and the fact that we are pretty much 70% heavies we have had number of inquiries, especially from Asia and other parts of the world about all sorts of interesting possibilities.”

John Tumazos, Chairman of the Board, Texas Rare Earth Resources Corp. (OTCQX: TRER) in an interview with Tracy Weslosky, Publisher of ProEdgeWire (ProEdgeWire.com) states: “We believe we are the richest beryllium deposit known” and adds “we think we have the best logistics in the world and the lowest mining costs per ton of any mine in North America of any type.”
Tumazos noted that TRER is a “multi-trick pony” deposit having 25 minerals, 15 of which rare earths and two energy minerals. TRER has the capability to recover 18 or 19 of these, which suggests that the property could “earn an economic return from the 15 rare earths alone or uranium and thorium alone”. TRER can also capitalize on its beryllium (298,000 ton historical resource estimate) and niobium resources. It should be an exciting 2013 for TRER
Disclaimer: Texas Rare Earth Resources Corp. is a member of ProEdgeWire.