Texas Rare Earth Resources Corp. (OTCQX:TRER) announced that they have engaged arepresentative to help them determine possible strategic alternatives for its Round Top project, including from Asian entities.
As quoted in the press release:
The hiring of the representative is in response to a preliminary indication of potential interest from a multi-billion dollar resource firm located in Asia.
Texas Rare Earth’s CEO, Dan Gorski, said:
Given the interest level in our unique Round Top project, the Board felt it necessary to engage a representative to further explore potential interest from Asia. Demand for heavy rare earth elements is expected to continue to outstrip supply in the years to come. Given that the vast majority of such elements are used in the Asian regions, it is logical that interest from the region could be quite robust.