Texas Rare Earth Resources Corp. , a heavy rare earths exploration company, today announced that on March 8, 2013 the Company completed its purchase of the surface lease at the Round Top project, known as the West Lease, from the Southwest Wildlife and Range Foundation (SWWRF) for $500,000 cash and 1,063,830 shares of restricted TRER common stock. TRER has also agreed to support the SWWRF through an annual payment of $45,000 for ten years to support conservation efforts within the Rio Grande Basin and in particular engaging in stewardship of Lake Amistad, a large and well-known fishing lake near Del Rio, Texas.

The West Lease comprises approximately 54,990 acres and is fully paid until 2028, thereby having a lease value of approximately $293,000. Most importantly, purchase of the surface lease gives TRER unrestricted surface access for the potential development and mining of its Round Top project.

                  

Dan Gorski, Chief Executive Officer, stated, “We are pleased to welcome the Southwest Wildlife and Range Foundation to the Texas Rare Earth team as shareholders and supporters of our project. Having complete and unfettered access to the deposit and to the adjacent lands necessary for all mine infrastructure is an important milestone in the development of this deposit and underscores the confidence we have in the economic viability of our Round Top project. Funding for this lease purchase is within our current budgetary guidelines and we believe adds significant long-term value.”

Susan Potts, Director and Secretary of the Southwest Wildlife and Range Foundation, stated “TRER is a good neighbor and steward of the natural resources in Sierra Blanca, and Southwest Range and Wildlife Foundation is pleased to be a part of the company going forward. We look forward to a long relationship with TRER in their continued efforts in total resource management of one of Texas’ crown jewel ranches and mineral deposits.”


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Today, the rare earth market is still not active buyers into the market Inquiries lanthanum, cerium oxide, individual businesses to mobilize price.
    
Lanthanum, cerium oxide prices are low and fortune do not change. 39 lanthanum oxide basic tax price are still 3.5-3.7 yuan / ton, some traders offer higher tax included in the 40,000 yuan / ton, but industry insiders and more reflect the actual transaction price will be much lower than this . 39 cerium oxide market tax price is still 39,000 yuan / ton, less procurement. 395 the cerium oxide inquiries increase, the market tax offer mostly concentrated in the 40,000 yuan / ton.
    
Samarium, yttrium, erbium oxide prices basically no change, subject to market less attention, turnover is limited. Samarium oxide market tax 4-4.5 yuan / ton, the the yttria tax 90,000 yuan / ton, erbium oxide tax offer 300,000 yuan / ton. The possibility of real demand for March oxide market still weak, in addition to individual products to ensure stability not fall, most prices are downstream. The overall trend of the rare earth market in March, most market participants did not dare categorically judge will be better off, individual rare earth traders even think that likely will pick up in May.

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Honda Moto a Japanese car maker announced that they are able to make nickel-metal hydride batteries by abstracting materials from scrapped hybrid cars during the process they can abstract rare earth.

With the help of the new technology, Honda will make Honda said the recycle rate of rare earth will up to 80%, and the purity of abstracted rare earth metals will be 99% amount to that of the abstracted rare earth in the market.

In the plant of Honda, rare earth oxides are being abstracted from batteries in hybrid car batteries. Honda said that through melt-salt electrolysis these oxides will be able to abstract rare earth which is an important element in nickel-metal hybrid batteries.

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