---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-25-000919"
form_type: "8-K"
ticker: "TMRC"
cik: "0001445942"
company_name: "Texas Mineral Resources Corp."
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:14:23.361034+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001999371-25-000919
- form_type: 8-K
- ticker: TMRC
- cik: 0001445942
- company_name: Texas Mineral Resources Corp.
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1445942/000199937125000919/0001999371-25-000919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1445942/000199937125000919/tmrc-8k_01302025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-25-000919
- JSON: https://secwatch.observer/filing/0001999371-25-000919.json
- Plain text: https://secwatch.observer/filing/0001999371-25-000919.txt

## Key facts
- Executive change
  Vern Lund resigned as Director at Texas Mineral Resources Corp..
  - Action: resigned
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1445942/000199937125000919/0001999371-25-000919-index.htm
- Executive change
  Peter Denetclaw, Jr. resigned as Director at Texas Mineral Resources Corp..
  - Action: resigned
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1445942/000199937125000919/0001999371-25-000919-index.htm

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