Texas Rare Earth Resources Corp. is a North American-based mining company engaged in the exploration and development of critical and heavy rare earth element and precious/semi-precious metal opportunities. The company is focused on completing a PEA on its flagship project, Round Top Mountain, in Hudspeth County, Texas. The PEA, scheduled to be complete by mid-2012, is expected to include an NI-43-101-compliant mineral resource estimate. Texas Rare Earth's 19-year renewable lease with the state of Texas covers 950 acres in Hudspeth County, with adjacent prospecting permits covering an additional 9,345 acres. The company is also considering opportunities that would establish a portfolio of precious and semi-precious mineral properties for future development.