Texas Rare Earth Resources Corp., is a mining company. The Company is engaged in the business of the acquisition, exploration and development of mineral properties. The Company currently holds two nineteen year leases, to explore and develop a 950 acre rare earths project located in Hudspeth County, Texas known as the round top project. The Company also has prospecting permits covering 9,345 acres adjacent to the round top project. The Company’s principal focus is on developing a metallurgical process to concentrate or otherwise extract the metals from the round top project’s rhyolite.