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Texas Mineral Resources to be acquired by USA Rare Earth in stock deal valued at ~$73M
TMRC shareholders to receive 3,823,328 shares of USAR common stock, implied value ~$73M based on Mar 4 closing price.
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Warrants for 8.88M shares exercised cashless; 6.19M new shares issued
Between Feb 17-23, 2026, warrant holders exercised all remaining 8,880,000 warrants on a cashless basis, receiving 6,187,472 common shares.
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Warrant holder exercises 1M shares for $300K; 380K shares issued to directors
On Oct 9, 2025, a warrant holder exercised 1,000,000 shares at $0.30/share, raising $300,000 cash.
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Texas Mineral Resources reports partial warrant exercise for 500,000 shares at $0.30
On Sep 15, 2025, a holder partially exercised a February 2025 warrant, purchasing 500,000 shares for $150,000 cash.
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Texas Mineral Resources converts $1.098M convertible notes into 3.66M shares; debt extinguished
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.
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Texas Mineral Resources appoints Jonathan Beigle to board, replacing resigned director Kevin Francis
Director Kevin Francis resigned May 7, 2025, for personal reasons; no disagreement with company.
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Texas Mineral Resources closes $1.098M debt financing with notes and warrants
Closed $848,000 debt financing from 13 accredited investors on Feb 20, 2025, issuing unsecured notes and warrants.
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Texas Mineral Resources Corp. secures $848K loan from accredited investors with convertible notes and warrants
Company entered loan agreement for $848,000 aggregate principal from 13 accredited investors.
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Two directors resign from Texas Mineral Resources Board citing Round Top project delay
Vern Lund and Peter Denetclaw, Jr. resigned as directors effective Jan 28, 2025, citing potential delay in Round Top project.
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Texas Mineral Resources enters non-binding LOI to explore JV for Steeple Rock mining properties
Signed non-binding LOI with Steeple Rock Holding Co. for a JV covering four mines in NM and AZ (Billali, Jim Crow, Imperial, Carlisle).
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Texas Mineral Resources expands project area with Santa Fe Gold from 80 to 1,600 acres in New Mexico
Amendment expands project area from 80 contiguous acres to approximately 1,600 acres in Black Hawk Mining District, Grant County, NM.