Texas Rare Earth Resources Announces Closing of Private Placement Financing

Rare Earth Deposits & Mining / Rare Earth Exploration, Mining, Processing, & Uses

Date posted: 12/08/15

Texas Rare Earth Resources closed a private placement for gross proceeds of $659,500. Proceeds will be used for working capital and to advance the company Round Top project. The private placement included significant participation from existing institutional shareholders. No fees or commissions were paid in connection with the placement. The Company intends to use the net proceeds of the private placement for working capital to advance the Company Round Top Project through continued metallurgical research and development, including fulfilling the Company contract with the Department of Defense.