HOUSTON, March 25, 2011 /PRNewswire/ -- Texas Rare Earth Resources Corp. (OTCQB: TRER) (Pink Sheets: TRER) announced today that as a company reporting with the Securities and Exchange Commission ("SEC"), which is current in all required filings, it has been upgraded by OTC Markets to the "OTCQB" market tier.
The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC. All such stocks are identified as "OTCQB - U.S. Registered" at www.otcmarkets.com.
Texas Rare Earth Resources Corp. CEO, Daniel Gorski, stated, "The upgrading of our Company to the OTCQB market tier demonstrates we are providing prospective shareholders with current information on which to base decisions. We are committed to moving towards trading platforms that will improve the liquidity and depth of our market for the benefit of our shareholders."
This press release may contain forward-looking statements about the business, financial condition and prospects of the Company. Forward-looking statements, can be identified by the use of forward-looking terminology such as "believes," "projects," "expects," "may," "goal," "estimates," "should," "plans," "targets," "intends," "could," or "anticipates," or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy or objectives. Forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Forward looking statements in this press release include, without limitation, the Company's expectations of the value per metric ton of its mineral deposits, the percentage of heavy rare earth and ratio of heavy to light REE, the amount of metric tons contained in the Round Top rhyolite, ability to mine and economically process our mineral deposits, ability to sell our mineral product, expansion strategies, access to capital, access to joint venture partners, competition, regulatory risks, and other performance results. These statements are made to provide the public with management's current assessment of the Company's business. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, there can be no assurances that such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained in this press release speak only as of the date of this press release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to differ materially from those anticipated by some of the statements made in this press release.
About Texas Rare Earth Resources Corp.
Texas Rare Earth Resources Corp.'s primary focus is developing its Round Top Mountain rare earth-beryllium-uranium deposit. Texas Rare Earth Resources Corp.'s common stock trades on the Pink OTC Market under the symbol TRER.
SOURCE Texas Rare Earth Resources Corp.