RENO, Nev., July 25, 2016 (GLOBE NEWSWIRE) -- U.S. Rare Earth Minerals, Inc., (PINK:USMN) announced today that the Board of Directors, on July 23, 2016, accepted Director Michael Herod’s resignation as President and COO of USMN. Mr. Herod resigned for undefined personal reasons.
“Mr. Herod’s contributions to the Company during his tenure are greatly appreciated. He worked tirelessly for the success of USMN and he will be sorely missed. We wish him the best in his future endeavors,” stated Donita R. Kendig, CFO.
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. 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.