secwatch.observer — SEC 8-K summary
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Issuer:     Texas Mineral Resources Corp. (TMRC)
CIK:        0001445942
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0001999371-25-011060
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 8.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1445942/000199937125011060/0001999371-25-011060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1445942/000199937125011060/tmrc-8k_081125.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-011060

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