U.S. Defense Logistics Agency Awards Texas Rare Earth Resources Strategic Materials Research Contract
SIERRA BLANCA, TX--(Marketwired - Sep 25, 2015) - Texas Rare Earth Resources Corp. (
- TRER and K-Technologies, Inc. (K-Tech) to conduct bench scale research to produce highly purified yttrium, ytterbium and a third publicly undisclosed rare earth oxide using continuous ion exchange and continuous ion chromatography
- Award granted under BAA-DLASM-2105-01: National Defense Stockpile Research
Texas Rare Earth Resources Corp. (
Texas Rare Earth Resources, in conjunction with its joint venture partner K-Technologies Inc., will conduct research to demonstrate, at the bench scale level, the ability to separate and refine yttrium (Y) oxide to a minimum of 99.999% purity, ytterbium (Yb) oxide to a minimum of 99.99% purity and a third rare earth oxide, which is not being publicly disclosed, to a minimum 99.999% purity level, using continuous ion exchange (CIX) and continuous ion chromatography (CIC). It is anticipated that all work under the contract will be completed within ninety days of contract award.
"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," said Dan Gorski, CEO. "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."
The feedstock for the U.S. Defense Logistics Agency contract will come from TRER's Round Top deposit near El Paso, Texas, with processing taking place at K-Tech's Lakeland, Florida facility. "This is a first step towards restoring a U.S. rare earths supply chain," noted Anthony Marchese, Chairman of the TRER Board of Directors. "The Round Top heavy rare earth project is uniquely positioned as a potential long-term domestic source of critical rare earths and associated high value byproducts such as uranium, lithium, scandium and beryllium."
About Texas Rare Earth Resources Corp.
Texas Rare Earth Resources Corp.'s primary focus is exploring and, if warranted, developing its Round Top rare earth minerals project located in Hudspeth County, Texas, 85 miles east of El Paso. The Company's common stock trades on the OTCQX U.S. tier under the symbol "TRER."
Texas Rare Earth Resources Corp.
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