Two directors resign from Texas Mineral Resources Board citing Round Top project delay

Texas Mineral Resources Corp.

Vern Lund and Peter Denetclaw, Jr. resigned as directors effective Jan 28, 2025, citing potential delay in Round Top project.
Both were NTEC-appointed directors; NTEC owns 10,111,883 shares and retains right to appoint two directors while holding ≥2,555,813 shares.
Board now has majority independent directors; audit committee reduced to two independent members after Lund's resignation.
Resignations reflect diminished business rationale for NTEC's involvement due to shift to New Mexico silver exploration.

item 5.02 item 9.01

Executive movements

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Departed

Vern Lund

Director

TMRC · Texas Mineral Resources Corp.

Effective: 2025-01-28
Filed: January 30, 2025, 6:59 PM ET

On January 28, 2025, Vern Lund informed Texas Mineral Resources Corp. (“Company”) of his decision to resign as a director effective that date (including his decision not to stand for re-election to the Board at the next annual meeting of stockholders), due to the potential delay in the development of the Round Top project

Departed

Peter Denetclaw, Jr.

Director

TMRC · Texas Mineral Resources Corp.

Effective: 2025-01-28
Filed: January 30, 2025, 6:59 PM ET

On January 28, 2025, Peter Denetclaw, Jr. informed the Company of his decision to resign as a director effective that date (including his decision not to stand for re-election to the Board at the next annual meeting of stockholders), due to the potential delay in the development of the Round Top project

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Vern Lund resigned as Director at Texas Mineral Resources Corp..

Action: resigned
Role: Director

Exact text from the filing

On January 28, 2025, Vern Lund informed Texas Mineral Resources Corp. (“Company”) of his decision to resign as a director effective that date (including his decision not to stand for re-election to the Board at the next annual meeting of stockholders), due to the potential delay in the development of the Round Top project

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Denetclaw, Jr. resigned as Director at Texas Mineral Resources Corp..

Action: resigned
Role: Director

Exact text from the filing

On January 28, 2025, Peter Denetclaw, Jr. informed the Company of his decision to resign as a director effective that date (including his decision not to stand for re-election to the Board at the next annual meeting of stockholders), due to the potential delay in the development of the Round Top project

View on SEC.gov

Texas Mineral Resources Corp. filing history →

Source: SEC EDGAR

accession 0001999371-25-000919

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