Texas Mineral Resources Corp. secures $848K loan from accredited investors with convertible notes and warrants

Texas Mineral Resources Corp.

Company entered loan agreement for $848,000 aggregate principal from 13 accredited investors.
Notes are unsecured, zero-interest, mature Aug 10, 2025, convertible at $0.30/share into up to 2,826,667 shares.
Warrants to purchase up to 8,480,000 shares at $0.30/share, exercisable until Feb 10, 2030.
Board members loan $203K; Marchese family loans $225K; total insider participation $428K.
Proceeds used for general corporate purposes including G&A expenses.

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