Texas Mineral Resources closes $1.098M debt financing with notes and warrants

Texas Mineral Resources Corp.

Closed $848,000 debt financing from 13 accredited investors on Feb 20, 2025, issuing unsecured notes and warrants.
Closed additional $250,000 debt financing from 2 accredited investors (including son-in-law of director Wall) on Feb 20, 2025.
Notes convertible into common stock at $0.30 per share; warrants exercisable for up to 8,480,000 shares at $0.30 per share.
Directors Marchese, Wall, Gorski, Malhotra received notes totaling $203,000 and warrants for 2,030,000 shares.
Maturity date Aug 10, 2025; notes bear no interest.

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