BEND, Ore., June 26, 2012 (GLOBE NEWSWIRE) -- U.S. Rare Earth Minerals, Inc., (OTCQB:USMN) announced today that the company's Board of Directors has approved a 5% restricted stock dividend (1 restricted share for every 20 owned) payable to USMN shareholders who own shares as of the close of business on July 31, 2012. The Company will immediately take the steps to notify and seek FINRA approval of the dividend with the intent of making the pay date August 6, 2012. Dennis Cullison, President of USMN stated, "The Company has taken many positive steps in recent months and I believe that many more are still to come. This dividend is a way of saying 'thank you' to our loyal shareholders by providing liquidity and increasing the value of their equity."
About 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. Products of USMN consist of natural rare earth minerals for agricultural products as well as for animal and human consumption, all sold under the brand name EXCELERITE®. Customers of USMN include some of the world's most widely recognized companies that have well known consumer brands. USMN is headquartered in Bend, Oregon and has executive offices in Las Vegas, Nevada. 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.
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