We are pleased to announce a new interview with Anthony Marchese Chairman of Texas Mineral Resources Corp., which trades under the symbol: OTCQX: TMRC
TMRC0.19 -0.01 (-5.00%)
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TMRC Stock News
About Texas Mineral Resources:
Texas Mineral Resources is an exploration stage mining company with its flagship property, Round Top Mountain, near Sierra Blanca in Hudspeth County, Texas. The Texas Bureau of Economic Geology first recognized the unique geology of Round Top Mountain some 25 years ago. But few uses existed then for the rare earth elements found in the mountain. In the 21st Century hybrid and electric cars, wind power generators, the military, electronic, and optics (laser) technology industries created dramatic demand for rare earth elements, which are critical to the advancement of these and other high tech fields.
An example of the grave security importance of rare earth elements is the 920 lbs of rare earths used in each F-35 Joint Strike Fighter jet, assembled by Lockheed Martin in Fort Worth Texas.
The United States buys 95 % of its rare earth elements from China.
Close to home, four rare earth elements are essential to the petroleum and refining industry. These are incorporated in the zeolite catalysts that make it possible to crack crude oil to create gasoline, diesel fuel, and a host of related hydrocarbon chemicals.
About Anthony Marchese:
Mr. Marchese is currently the Chairman of Texas Mineral Resources and has served as a director since December 2009. Since May 2012, Mr. Marchese is the managing director of capital markets at Tri Point Global Equities. Mr. Marchese had served as a Senior Vice-President with Axiom Capital Management, Inc., a New York City based FINRA member broker/dealer. Mr. Marchese also serves as the general partner and chief investment officer of the Insiders Trend Fund, LP, an investment partnership whose mandate is to invest in those public companies whose officers and/or directors have been active acquirers of their own stock. Mr. Marchese’s prior experience includes Monarch Capital Group, LLC (President and Chief Operating Officer – 2003 to 2011), Laidlaw Equities (senior vice president – April 1997 to March 2002), Southcoast Capital (senior vice president – May 1988 to April 1997), Oppenheimer & Co (limited partner – September 1982 to May 1988), Prudential-Bache (vice president – July 1981 to August 1982) and the General Motors Corporation (analyst – June 1980 to June 1981). Mr. Marchese served in the military with the Army Security Agency and the U.S. Army Intelligence and Security Command where he carried a Top Secret security clearance. He has been a long-time arbitrator for the Financial Industry Regulatory Authority (FINRA). Mr. Marchese received an MBA in Finance from the University of Chicago.