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LAS VEGAS, Oct. 13, 2015 (GLOBE NEWSWIRE) -- U.S. Rare Earth Minerals, Inc., (OTCQB:USMN) Today, President Michael Herod announced the discovery of large deposits of diatomaceous earth (diatomite) on several of the Company’s mining claims in Panaca, Nevada. Samples are being tested for mineral content and purity. Diatomaceous earth is 100% organic consisting of comprised fossilized remains of a type of hard-shelled algae.
“This is a tremendous discovery and potentially a great economic benefit to USMN. These finds appear to be massive and easily harvested,” stated Mr. Herod. He further mentioned that USMN will seek a partner to mine, develop and market the diatomite. Although diatomaceous earth mining is a compatible venture for us, for the foreseeable future USREM will focus on our rapidly growing market demands for EXCELERITE® products.
U.S. Rare Earth Minerals, Inc.
U.S. Rare Earth Minerals, Inc. (USMN) is engaged in the sales and distribution of products derived from the Company’s mining activities in Nevada relating to certain natural mineral deposits and other natural rare earth minerals. Products of USMN consist of natural minerals for animal consumption as well as agricultural products sold under the brand name EXCELERITE®. USMN is headquartered in Reno, Nevada and has executive offices in Las Vegas, Nevada. The company maintains a web site at: www.us-rem.com.
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of U.S. Rare Earth Minerals, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source:U.S. Rare Earth Minerals, Inc.