Last $0.0090 USD
Change Today -0.001 / -10.00%
Volume 289.2K
USMN On Other Exchanges
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

u.s. rare earth minerals inc (USMN) Key Developments

U.S. Rare Earth Minerals, Inc., Board Meeting, Jul 18, 2014

U.S. Rare Earth Minerals, Inc., Board Meeting, Jul 18, 2014. Agenda: To accept the resignation of Dennis Cullison as President and Treasurer.

U.S. Rare Earth Minerals, Inc. Announces Executive Changes

Dennis Cullison, presently the Chairman of the Board and President and Treasurer of U. S. Rare Earth Minerals, Inc. resigned as President and Treasurer effective as of July 18, 2014. Mr. Cullison will also retain the title of President of the Viet Nam Sales Division of the Company. The Board of Directors has appointed Michael Herod, a director of Company, as President and Chief Operating Officer effective as of July 18, 2014. Larry Bonafide, a director, Secretary of the Company and currently the company’s chief financial officer, was appointed Treasurer. Mr. Herod and Mr. Bonafide accepted their appointments. The Board of Directors has determined these new appointments will add to the efficiency of the caompany’s operations.

U.S. Rare Earth Minerals, Inc. Elects Michael Herod as Director

On June 16, 2014, the Board of Directors of U.S. Rare Earth Minerals, Inc. elected Michael Herod, a director of the company, in order to add an additional director to the board of directors. Michael Herod is a VietNam Veteran and a successful businessman. In 1970, he founded Herod Oil. In 1980, Mr. Herod founded Herod Livestock Company. In early 2000, H & J Feed Company was created which owned an animal feed business in northern California and also conducted hay brokering as well. H & J Feed opened a large retail store in Reno, Nevada.

U.S. Rare Earth Minerals, Inc. Auditor Raises 'Going Concern' Doubt

U.S. Rare Earth Minerals, Inc. filed its 10-K on Apr 14, 2014 for the period ending Dec 31, 2013. In this report its auditor, Paritz & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

U.S. Rare Earth Minerals, Inc. announced delayed annual 10-K filing

On 03/27/2014, U.S. Rare Earth Minerals, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

 

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Price/Sales 3.8x
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TEV/Sales 3.4x

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