Texas Rare Earth Resources Corp. (TRER) Secures U.S. Defense Logistics Agency Contract to Continue Extraction Research It

In July, Texas Rare Earth Resources Corp. made headlines when it entered into a joint venture agreement with K-Technologies, Inc. to develop, refine and market K-Tech’s continuous ion exchange (CIX) and continuous ion chromatography (CIC) technologies for the extraction of rare earth elements from native ores. With these techniques, TRER set a goal of vastly improving upon the simplicity and efficiency of rare earth processing in order to become more competitive with Chinese operations, which currently dominate the global rare earth market. In just over two months, TRER was able to successfully leverage this immense potential to secure a research contract with the Department of Defense’s largest logistics combat support division, the United States Defense Logistics Agency (DLA).

“Texas Rare Earth Resources is committed to developing a reliable source of critical rare earths here in the United States, as well as an effective means to separate them,” Dan Gorski, chief executive officer of TRER, stated in a news release. “We welcome the opportunity of demonstrating to the U.S. Defense Logistics Agency our ability to produce specific high-purity rare earth oxides they have selected using our CIX/CIC process.”

As part of this project, TRER, in conjunction with its joint venture partner, will conduct research to demonstrate its ability to separate and refine a collection of high-purity rare earth oxides – including yttrium, ytterbium and a third oxide which is not being publicly disclosed. The feedstock for the contract will come from TRER’s Round Top deposit near El Paso, Texas. For the DLA, which focuses primarily on resource management and security, a reliable domestic supply of these valuable rare earth resources – which are currently being produced almost exclusively in China – likely represents a top-priority objective.

For prospective shareholders, the DLA contract could represent a turning point in TRER’s efforts to promote sustainable growth. Potential benefits stemming from this arrangement include an immediate influx of capital with which to fund ongoing research and the distinct possibility of a long-term partnership between TRER and the DLA following the successful completion of the initial deal. MiningWealth highlighted this potential in a thorough analysis of TRER’s recent announcement. In particular, the article stressed the substantial financial benefits resulting from the DLA contract for TRER shareholders – including funding of research that would have otherwise been funded through stock issuance. To read the full analysis, visit http://miningwealth.com/trers-dla-contract-is-a-big-deal/.

Assuming certain milestones are met, conventional wisdom suggests that this initial DLA contract could foreshadow a lucrative long-term partnership. Since the contract falls directly within TRER’s unique wheelhouse, milestones should be achievable within short intervals, potentially carving out a clear path toward full-scale production. Anthony Marchese, chairman of the TRER board of directors, summed up the significance of this opportunity in a recent news release.

“This is a first step toward restoring a U.S. rare earths supply chain,” Marchese noted.

For more information, visit www.trer.com

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