DOE Secretary Perry and Congressman Barletta Visit Texas Mineral Resources Rare Earths-from-Coal Project at the Jeddo Coal Company in Pennsylvania
SIERRA BLANCA, TX--(Oct 4, 2017) - Texas Mineral Resources Corp. ( OTCQX : TMRC )
---- TMRC team commences DoE funded REE from coal Pennsylvania project
---- Project targets high-value REEs including scandium
Texas Mineral Resources Corp. (TMRC), an exploration company targeting the heavy rare earths and a variety of other high-value elements and industrial minerals, is pleased to announce the Company hosted a visit from Department of Energy Secretary Rick Perry and Congressman Lou Barletta (R-PA) to the site of the Company's DoE-funded rare earth project at the Jeddo Coal Company in eastern Pennsylvania. TMRC is part of a team that includes Inventure Renewables, K-Technologies Inc. and Penn State University. The project is funded by Phase I of a two-phase DoE grant program totaling $20 million. Work on the project commenced in early September after funding was formalized with a contract signing with the DoE.
Speaking to media at the site, Secretary Perry said, "The rare metal extraction process creates 'staggeringly important' opportunities for the industry and country." "I don't think we can overstate how important the development of rare earth minerals out of our anthracite coal and the potential that it is going to have." Congressman Barletta added that "This is not our grandfather's coal," ... "This is used for manufacturing steel and, now, we are finding these rare earth materials that we are buying from China. (A consortium involving) Penn State is seeing how we can extract these rare earth elements that are nowhere else, right here."
