Texas Rare Earth Resources Corp (TRER.PK) gained 44% today. The company announced that Marc LeVier has been appointed as CEO. From the press release:
"With 40 years experience in advanced process engineering, Mr. LeVier spent the last 22 years with Newmont in several professional capacities. As head of Metallurgical Research and Development, he led the world-class research team in the development of processes for resources which have become Newmont's primary producing properties today. These include the development of the Gold Quarry refractory ore treatment plant (ROTP) at the Carlin Trend in Nevada, the Batu Hijau porphyry copper-gold mine in Indonesia, the heap leach operations at Minera Yanacocha in Peru, the Ahafo operations in Ghana, the Phoenix operation in Nevada, and the Boddington operation in Australia. Additionally, Mr. LeVier led teams in the development of the former operations at Minahasa in Indonesia and the Zarafshan-Newmont Joint Venture heap leach operation in Uzbekistan.
Mr. LeVier commented, "I believe Texas Rare Earth is ideally positioned to be the leading global supplier of strategic heavy rare earths. Round Top Mountain is a world-class multi-metal deposit, unique in its geologic setting, and a massive host of heavy rare earth elements. These elements are essential to the security of our country. I am extremely excited to join Texas Rare Earth’s management team to build not only a leader in the rare earths supply chain but a leader in all aspects of the mining industry."
The company has appointed three well-qualified individuals to their Board of Directors recently and has announced that they have applied for a listing on a senior US exchange.