Texas Mineral Resources converts $1.098M convertible notes into 3.66M shares; debt extinguished

Texas Mineral Resources Corp.

All $1,098,000 principal of convertible notes issued Feb 2025 converted into 3,660,000 shares at $0.30/share as of Aug 9, 2025.
Notes extinguished in full; $678,000 converted Aug 6-9, remainder converted July 28-31.
Issued 164,327 shares to directors in lieu of cash fees on July 22, 2025 under Section 4(a)(2).
Warrants for up to 10,980,000 shares at $0.30/share remain outstanding (5-year term from Feb 2025).
Company eliminated $1,098,000 liability through equity conversion; no interest-bearing debt from these agreements.

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