Texas Mineral Resources Corp. — fact timeline

Texas Mineral Resources Corp. entered into Merger Agreement with USA Rare Earth, Inc. (effective 2026-03-04).

“On March 4, 2026, Texas Mineral Resources Corp. (“ TMRC ”, the “ Company ”, “ we ”, “ us ” or “ our ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with USA Rare Earth, Inc. (“ USAR ”), Hamer Merger Sub, Inc., a wholly owned subsidiary of USAR (“ Merger Sub 1 ”) and Hamer Merger Sub, LLC, a wholly owned subsidiary of USAR (“ Merger Sub 2 ”).”

Jonathan Beigle was appointed as Director at Texas Mineral Resources Corp..

“Effective May 8, 2025, Jonathan Beigle, age 42, was appointed and elected a director by the unanimous vote of the members of the board of directors (“Board”) of the Company to fill the vacancy created by the resignation of Mr. Francis,”

Kevin Francis resigned as Director at Texas Mineral Resources Corp..

“On May 7, 2025, Kevin Francis informed Texas Mineral Resources Corp. (“Company”) of his decision to resign as a director, effective that date.”

Peter Denetclaw, Jr. resigned as Director at Texas Mineral Resources Corp..

“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”

Vern Lund resigned as Director at Texas Mineral Resources Corp..

“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”