Texas Mineral Resources Corp (TMRC)

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Texas Rare Earth Resources Announces Closing of Private Placement

Texas Rare Earth Resources Corp. (OTCQX: TRER), an exploration company targeting the heavy rare earths, announced today that it has closed a private placement involving the issuance of 3,297,500 units ("Units") at $0.20 per unit for a total of $659,500. Each Unit consists of one share of common stock and two common stock purchase warrants. Each warrant allows the holder to purchase one share of common stock at a price of $0.35 until December 7, 2020.