secwatch.observer — SEC 8-K summary
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Issuer:     Texas Mineral Resources Corp. (TMRC)
CIK:        0001445942
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001839882-25-010149
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1445942/000183988225010149/0001839882-25-010149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1445942/000183988225010149/trmc-8k_022025.htm
  HTML page:      https://secwatch.observer/filing/0001839882-25-010149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer