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TRER: Texas Rare Earth Resources Corp is a North American based mining company engaged in the exploration and development of mineral properties. Their flagship property, RoundTopMountainin 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. Their lease with the State of Texascovers 860 acres and prospecting permits covering an adjacent 9,345 acres.[1]

The company’s stock price closed at $2.00 yesterday. The company’s 52 week range has been from a $10.00 high to a $0.25 low.[2]

Part of the company’s website reads:

The company’s flagship RoundTopMountainproject is located in Hudspeth County, Texas, approximately 85 miles SouthEast of El Paso, and encompasses four adjacent mountains and the surrounding flat-lands. Texas Rare Earths holds a 20-year renewable lease from the State on RoundTopMountainand prospecting permits on the adjacent areas.

Cabot Corp, Cypress Minerals, government agencies and academic institutions explored and studied Round Top in the 1980’s. High concentrations of heavy rare earth elements, niobium, tantalum, gallium and other rare metals were discovered in the massive Round Top rhyolite. Beryllium and uranium occur at the lower contact of the rhyolite. Two beryllium feasibility studies were completed establishing a resource. Id

The government agency and academic research noted above further resulted in several publications, the principal of which was published in the Geological Society of America Special Paper 246 in 1990, p.103-120.

Important conclusions of this paper were:
* “The rhyolites are so enriched in a number of trace elements that they should be considered large-tonnage, low grade resources of several rare metals, including yttrium, heavy rare earths, niobium, tantalum, lithium and thorium.”
* “Many of the economically interesting trace elements occur as discrete minerals.”
* “The resource is vast. The Round Top laccolith contains at least 1.6 billion metric tons of rhyolite.” (Source:http://texasrareearth.com/round-top-mountain)
The mountains vast resources in niobium and the possible breakdown of the compound gives the micro-cap company with options for possible buyers of the raw material.

Niobium

Niobium is used mostly in alloys, the largest part in special steel such as that used in gas pipelines. Although alloys contain only a maximum of 0.1%, that small percentage of niobium improves the strength of the steel. The temperature stability of niobium-containing superalloys is important for its use in jet and rocket engines. Niobium is used in various superconducting materials. These superconducting alloys, also containing titanium and tin, are widely used in the superconducting magnets of MRI scanners. Other applications of niobium include its use in welding, nuclear industries, electronics, optics, numismatics and jewelry. In the last two applications, niobium’s low toxicity and ability to be colored by anodization are particular advantages.[3]

APPLICATIONS
It is estimated that out of 44,500 metric tons of niobium mined in 2006, 90% was used in the production of high-grade structural steel, followed by its use in superalloys. The use of niobium alloys for superconductors and in electronic components account only for a small share of the production.

Steel production
Niobium is an effective microalloying element for steel. Adding niobium to the steel causes the formation of niobium carbide and niobium nitride within the structure of the steel. These compounds improve the grain refining, retardation of recrystallization, and precipitation hardening of the steel. These effects in turn increase the toughness, strength, formability, and weldability of the microalloyed steel. Microalloyed stainless steels have a niobium content of less than 0.1%.  It is an important alloy addition to high strength low alloy steels which are widely used as structural components in modern automobiles. These niobium containing alloys are strong and are often used in pipeline construction.[4]

The vast amount of resources held by Texas Rare Earth Resources Corp (Stock Ticker:TRER) could be a supply line for recyclers of steel, such as Waste Management, (WM) if they can break down the compound efficiently.

Texas Rare Earth Resources is lead by Marc LeVier who acts as the Director and Chief Executive Officer.  Mr. LeVier spent the last 22 years with Newmont Mining Corp in several professional capacities.  You can find the company by clicking here.

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