Texas Rare Earth Resources Corp. Expands Financing

Texas Rare Earth Resources (PINK:TRER) announces that it has expanded its financing announced February 1 by adding on an additional $2.0 million to bring the total capital raised to $4 million.

The press release is quoted as saying:

Dan Gorski, CEO of Texas Rare Earth Resources, commented, “Texas Rare Earth is very pleased to announce this expansion of our previously announced round by $2 million. This new investment by a resource focused institutional investor strengthens our balance sheet and allows us further flexibility as we move forward in developing our rare earth-beryllium-uranium project atRound Top.”

Click here to access the entire press release.