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Texas Rare Earth Resources Announces Changes to Board of Directors

Texas Business reports: DENVER & SIERRA BLANCA, Texas—Texas Rare Earth Resources Corp., a rare earths mineral exploration and development company, announced Anthony Marchese has stepped down as the non-executive chairman of the board of Texas Rare Earth Resources Corp.

As the company is moving towards an operational focus on its Round Top Mountain project with the anticipated release of a preliminary economic assessment on the project later this month, Marchese and the board of directors decided the non-executive chairman of the board should have experience in mineral project operations.

Marchese continues to serve as a director of the company.

The board appointed James Graham, an independent director of the board, as interim non-executive chairman of the board, to run board operations while the board searches for a permanent non-executive chairman of the board. Graham was appointed as a director in April 2011.

Graham currently serves as the chief executive officer of Nuclear Fuel Cycle Consulting providing services for the front end of the nuclear fuel cycle. He has an extensive career in the minerals and mining industry including mining in potash, coal, gold, and uranium.  Graham's experience covers evaluation, acquisition, design and construction, operation, management, and trouble-shooting for various types of properties and facilities.

He served as president and chief executive officer of ConverDyn, a partnership between Honeywell International and General Atomics, and was a senior vice president of General Atomics and responsible for the company's nuclear fuel cycle activities. He also served as chief executive officer and president of Total S.A.'s North American mining entities which included coal operations plus uranium operations and gold activities.  Graham received his bachelor's degree in metallurgical engineering in 1970 from Michigan Technological University.

Texas Rare Earth Resources Corp.'s primary focus is exploring and developing its Round Top rare earth minerals project. The Round Top project is located in Hudspeth County, Texas, 85 miles east of El Paso, Texas.