---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-23-016466"
form_type: "8-K"
ticker: "TMRC"
cik: "0001445942"
company_name: "Texas Mineral Resources Corp."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:10:41.983003+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Texas Mineral Resources amends Round Top JV agreement; sets 3% minimum interest, new cash call dilution rules

## Summary
- If TMRC fails to fund a cash call, USARE can fund the shortfall and TMRC's interest dilutes by shortfall / TMRC market cap.
- TMRC's interest cannot fall below 3%; further dilution triggers priority distributions to USARE instead.
- Monthly cash calls require member contribution within 10 days; no response counts as deemed non-contribution.
- Distributions: cash in excess of reserves paid pro rata; priority distributions to USARE if minimum interest triggered.

## SEC filing metadata
- accession: 0001839882-23-016466
- form_type: 8-K
- ticker: TMRC
- cik: 0001445942
- company_name: Texas Mineral Resources Corp.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1445942/000183988223016466/0001839882-23-016466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1445942/000183988223016466/tmrc_8k-062723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-23-016466
- JSON: https://secwatch.observer/filing/0001839882-23-016466.json
- Plain text: https://secwatch.observer/filing/0001839882-23-016466.txt

## Key facts
- Material Agreements
  Texas Mineral Resources Corp. amended Amended Company Agreement with USA Rare Earth, LLC (effective 2023-06-26).
  - Action: amendment
  - Counterparty: USA Rare Earth, LLC
  - Effective: 2023-06-26
  source text: On June 26, 2023, TMRC, USARE and the manager amended and restated the Company Agreement (“Amended Company Agreement”) to adopt certain amendments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1445942/000183988223016466/0001839882-23-016466-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.