Texas Rare Earth Resources Inc. Revised Project

At present, Texas Rare Earth Resources Inc. is fully operating at a fund-raising issue of $ 1.6 million capital, the funds will be used for metallurgical studies West Texas Rare Earth project. Texas Rare Earth Resources Inc. revised the project plan. According to the revised plan, the rare earth project will be implemented  in phases, of which the mining operations require $ 60 million to 9,000 million, which is much less than the company $ 293 million announced last year.

"We believe this is the world's lowest cost rare earth mining project", said Anthony Parchetti, New Jersey investment banker and Chairman of the Board Texas Rare Earth Inc. when it comes to the phased implementation of the project.

Texas Rare Earth Resources, Inc. has HREO Round Top project in Texas, because of its geological structure and the big difference among other rare earth mines, therefore its capital strength has fallen dramatically. In the prophase work of the project, there will be a heap leaching project, which means that extracting rare earth with acid, then further refine, compared to the traditional pattern of rare earth smelting, this process is likely to become the alternative process. Currently HREO Round Top project is still in the early stages of metallurgical and mining survey and drilling.

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