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Last $0.10 USD
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USMN On Other Exchanges
As of 8:10 PM 06/22/15 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. Announces Auditors Changes

On May 13, 2015, U.S. Rare Earth Minerals, Inc. changed its Certifying Accountants from its current auditors, Paritz and Company to new certifying accountants Malone Bailey, LLP, Certified Public Accountants, with offices at 9801 Westheim Drive, Suite 1100, Houston, Texas. The company is unaware of any disagreements with its prior auditors on any audit matters. The company owes audit fees for antecedent services performed by Paritz which are anticipated to be resolved amicably between the Company and its prior auditor. Paritz was advised of the change on May 14, 2015.

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

On 05/14/2015, U.S. Rare Earth Minerals, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

U.S. Rare Earth Minerals, Inc. Elects Donita R. Kendig as Director

On May 5, 2015, the Board of Directors of U.S. Rare Earth Minerals, Inc. elected Donita R. Kendig a Director of the Company. Donita R Kendig, (79) attended the University of Nebraska & the University of Arizona and started her career as an accountant. She managed the multiple office Los Angeles firm of Kendig, Stockwell & Gleason (a Professional Law Corporation) for 11 years.

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

U.S. Rare Earth Minerals, Inc. filed its 10-K on Apr 10, 2015 for the period ending Dec 31, 2014. 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. Announces Executive Changes

U.S. Rare Earth Minerals, Inc. announced that the Board of Directors, April 9, 2015, accepted the resignation of long time CEO and Chairman Dennis Cullison. Mr. Cullison will remain in Vietnam and continue his efforts in promoting and selling EXCELERITE® in Southeast Asia. Mr. Larry Bonafide will assume the position of Interim Chairman.


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Price/Earnings NM Not Meaningful
Price/Sales 4.5x
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TEV/Sales 3.6x

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