Denver, Co., USA - Texas Rare Earth Resources (TRER) announced the appointment of Daniel Gorski as its chief executive officer and five new members of its board of directors.
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Mr. Gorski was appointed CEO, following his previous appointment as the interim chief executive officer, and remains a director of the board. He is one of the original founders of TRER and is one of the largest shareholders. In March of 2007, Mr. Gorski became president and chief executive officer of Standard Silver Corp., later renamed Texas Rare Earth Resources Corp. in September 2010.
In May 2011, Mr. Gorski stepped down to become chief operating officer and subsequently resigned that position on January 1, 2012, while continuing as a director of the Company. Mr. Gorski holds a B.S. from Sul Ross State College and an M.A. in geology from the University of Texas at Austin.
New company directors are John C. Tumazos, Philip Goodell, Nicholas Pingitore, Cecil C. Wall and James R. Wolfe.
John C. Tumazos will serve as non-executive chairman of the Company’s board. Mr. Tumazos’ career includes positions as senior vice president, steel equities analyst, Oppenheimer & Co.; vice president, metals equities analyst, Donaldson, Lufkin & Jenrette; and senior vice president, metals and paper equities analyst, Prudential Financial.
Mr. Tumazos provided valuation testimony to the Federal Supreme Court of Canada in the largest property damages case in Canadian history (1985), valuation in a large U.K. gold mine litigation, served the U.S. Department of Justice to enforce an antitrust divestiture in the steel industry, and has advised five other publicly traded companies in fairness opinions for mergers in the U.S. and Canada.
In 2007, he formed John Tumazos Very Independent Research, LLC, focusing his investment research within the resource sector. He has served as a financial advisor to seven emerging mining companies, including TRER, and was instrumental in the Company obtaining financing in 2011. Mr. Tumazos holds a B.S. in management sciences and economics and an M.S. in industrial administration from Carnegie-Mellon University.
Philip Goodell will serve on the Company’s corporate governance and nominating committee. He is currently an associate professor of geology at the University of Texas at El Paso (UTEP), where he has been in residence since 1975 and has successfully sponsored 26 M.S. and 19 Ph.D. candidates.
In addition to his academic accomplishments, Dr. Goodell has consulted for St. Joe Minerals, Exxon Minerals, Chevron Minerals Corporation, Cameco Corp., MAG Silver Corp., and Energy Metals, among other companies. Dr. Goodell holds a B.S. in solid state physics (1964) from Yale University and an M.S. in geology (1966) and a Ph.D. in geology (1970) from Harvard.
Since 1977, Nicholas Pingitore has held a full-time faculty appointment at UTEP. In addition to being a Texas Licensed Geoscientist, Dr. Pingitore is a member of several professional associations including the American Chemical Society, Geochemical Society, American Association for the Advancement of Science, American Geophysical Union, Materials Research Society, and Mineralogical Society of America.
Dr. Pingitore will serve on the Company’s audit and corporate governance and nominating committees. Dr. Pingitore holds an A.B. degree from Columbia College (1965) and an Sc.M. (1968) and a Ph.D. in geology (1973) from Brown University.
Cecil C. Wall was appointed as a director to the Company. Mr. Wall will serve on the Company’s audit and compensation committees. In 1969, he acquired control of a publicly traded company, Altex Oil Co. (formerly Mountain Valley Uranium). Mr. Wall was part of the founding group for the 2007 reorganization of Standard Silver Corp., which became Texas Rare Earth Resources.
Mr. Wall sat on the Company’s board of directors and served as the secretary and treasurer from January 2004 to April 2012. He is currently the manager for C-Wall Investment Company, LLC, in Utah. In addition, he is the president of several family-owned private companies. Mr. Wall attended Carbon County College and Utah State University.
James R. Wolfe was appointed as a director to the Company. Mr. Wolfe will serve on the Company’s compensation and corporate governance and nominating committees. As cofounder of Pacific Materials Resources (PMR), Mr. Wolfe was among the pioneers of the China-U.S. rare earth industry and trade. Prior to founding PMR, he was President of MPV Lanthanides, a rare earth joint venture between China Metallurgical Import/Export of Inner Mongolia and U.S. interests.
From 1979 to 1995, Mr. Wolfe’s professional interests centered on resource recovery from industrial and mining wastes. He served as a consultant to the steel industry, co-founded Exmet Corporation (zinc from smelter dust), and served as executive vice president of Williams Strategic Metals, and its predecessor, Nedlog Technology Group. ■