The Ellis Martin Report with Marc LeVier of Texas Rare Earth Resources (TRER.PK)

The Ellis Martin Report Interview with Marc LeVier of Texas Rare Earth Resources

August 29, 2011

 TEMR:  In this interview, Ellis Martin speaks with Marc LeVier, Director and CEO of Texas Rare Earth Resources Corp (TRER.OB). Texas Rare Earth Resources Corp is a North American based mining company engaged in the exploration and development of mineral properties. Their flagship property, Round Top Mountain in Hudspeth County, Texas, is held under a 20-year renewable lease from the State of Texas to explore and develop a rare earth-uranium-beryllium prospect which includes niobium, tantalum and gallium. Texas Rare Earth Resources trades in the US on the OTCBB under the symbol TRER.OB.  Marc LeVier is a director and also the CEO of the company.  Marc, welcome to the program.

Marc LeVier: Thank you.

TEMR: Give us a little insight as to you background in the resource sector and how you came to be involved with Texas Rare Earth Resources.

Marc LeVier: Basically I’ve been in the mining industry for about 40 years. And, I’ve pretty much worked on large projects most of my career.  I started at Exxon Minerals in Houston, Texas back in the late seventies and did a lot of work with them on process and development of the Crandon project which is a massive sulfide project and a smaller project out in New Mexico. Pinos Altos is a copper-zinc-silver project. But, over the years I’ve gravitated to working on the development of the processes for major projects, grassroots deposits. And, the 22 years I spent at Newmont as the Senior Director of Research we worked on a number of key projects to rebuilding Newmont to the company it is today with development of processes that were able to extract gold from very difficult ore as well as processes we’re able to extract ore from very simple ore bodies like Yanacocha. But, we work very hard, diligently, on the refractory ores at Carlin in extracting ore out of carbonaceous sulfuric ores which lead to the development of patents for the Roaster operation as well as bio-heap technology. I’ve had a lot of fun over the years and been very fortunate and successful in great team of professional, researchers that worked as a very unique team in developing projects like Minahasa and (inaudible) and copper-gold projects in Indonesia and the Yanacocha operations and of course all the different operations that are extremely successful in the Carlin Trend.

TEMR: Who else comprises your management team?

Marc LeVier: Well, right now we’re building up our infrastructure and so the team consists currently of the CFO, Chris Mathers and myself and Dan Gorski who’s one of the founding members of Texas Rare Earths. Dan has stepped into the role of Chief Operating Officer who’s assisting in the development and design of the exploration and development drilling activities at Round Top Mountain. We just recently added Anthony Garcia who has an extensive  background in project engineering, project development. He spent the last 12 years at Newmont. He was a colleague and someone I had worked with over the years. But he has an extensive background at Newmont in project engineering and developing these projects and all the different aspects that are required and the regulatory permitting. Prior to that joining Newmont, he spent a number of years with (inaudible) and worked on a number of very large projects in the copper industry in the South Americas as well as the United States.  And, so what we’re building here is a team of professionals. We’ve identified several critical skill positions that we need to fill. And, we are maximizing the use of professionals and contractors and independent consultants. But, our goal is to build an A+ team that is going to take Texas Rare Earths into the future as a significant mining entity that will help develop the rare earths that are contained in the Round Top Project.

TEMR: I understand that your flagship Round Top Mountain project, 85 miles southeast of El Paso, contains rare earths, niobium, tantalum, beryllium and uranium. Not to mention lithium and zirconium, quite a diversification. It looks as though you’re poised to address not only the rare metals space but the energy space as well.

Marc LeVier: We’re focused on Round Top however, we do have prospecting claims on the other three mountains that are in close proximity to Round Top Mountain. There’s Little Round Top, Little Blanca and Sierra Blanca. We have prospecting claims on the ground obviously in-between those mountains. However, our focus at the moment is on Round Top. There’s been historical drilling area (inaudible) Corporation and Cypress Minerals who were searching for a beryllium deposit which was defined in the late eighties. That beryllium that was defined actually sits on the northwest corner of the mountain and is underneath the contact (inaudible) contact zone. So, it’s a separate structure from the (inaudible) host rock that contains the rare earth elements. So, our focus is on the development drilling and extended delineation exploration drilling on Round Top. However, we did complete an air mag survey in June. And, that air mag survey has been very valuable to us in indicating other potential exploration targets as well as confirming our drilling efforts and reclassification reclogging efforts of the historical drilling confirming our projected theories of the deposits that’s there. As you noted there’s an awful lot of different rare earth elements in the Round Top (inaudible) and there’s a number of other elements and minerals that we’ve found in the rock as well. Round Top is a massive structure that was estimated by the data Texas Department of Economic Geology as, the mass was estimated to be around 1.6 billion tons and the whole mountain appears to be fairly, you know, mineralized in a low-grade nature but it’s very significant in size. With the prices of the rare earth elements that you have today that enormous mineralized mass that sits at Round Top Mountain is actually more than curiosity today because of the urgent need for supply of rare earth elements and the price structures that have occurred accordingly in that it has now become a very large potential resource for the United States in the supply of rare earth elements.

TEMR: When one looks at a rare earth concern or any mining project for that matter the question of infrastructure comes up. That’s in place basically in West Texas.

Marc LeVier: I think one of the unique things about the Round Top project is the unique setting in West Texas and that we have infrastructure very close by. We are only about 3 miles off of interstate 10, great year round climate, a great business setting and natural resource development railroad spur that’s already within a couple of miles of the property, power and natural gas. The other unique setting is that the rare earth elements contained in the (inaudible) host rock of the total rare earth elements are heavy rare earth elements. And, the heavy rare earth elements of course are some of the elements driving much higher price for the products and are more difficult to find. We believe that 70% of the total is one of the highest percentages of any deposit or any project that we’ve seen thus far. Most are pretty low, ranging from less than 1% upwards to 20%. There’s a couple out there that are in the forties. We’re very pleased with the uniformity of the concentration of the heavy rare earth elements we’ve seen in the mountain.

TEMR: Marc I look forward to further discussion of this unfolding story in the great southwestern U.S. with Texas Rare Earth Resources.  Thanks for joining us today.

Marc LeVier: Thank you and thanks for having me on your show.

TEMR: Texas Rare Earth Resources trades n the OTC Bulletin Board under the symbol TRER.OB. I’ve been speaking with Marc LeVier, Director and CEO of the company. Find a link to their website by clicking through their logo on the homepage of our website, ellismartinreport.com.

copyright 2011 Ellis Martin Report and Big Sky Productions, Inc. (BGSI.OB)

Texas Rare Earth Resources is a paid sponsor of The Ellis Martin Report

Forward looking statements may have been made in this interview