On February 29, 2016, Mr. Jack Lifton resigned from the Board of Directors of Texas Rare Earth Resources Corp. for personal reasons. Mr. Lifton's resignation was not the result of any disagreement with the company regarding the company's operations, policies or practices.

On February 24, 2016, in connection with the appointment of Mr. Wm. Chris Mathers as the Chief Financial Officer of the company, Mr. G. Mike McDonald retired as Chief Financial Officer of the company.