Welcome to our dedicated page for Texas Mineral Res news (Ticker: TMRC), a resource for investors and traders seeking the latest updates and insights on Texas Mineral Res stock.
Texas Mineral Resources Corp. (TMRC) generates news primarily through updates on its rare earth and critical minerals initiatives, exploration programs, and corporate developments. The company’s disclosures emphasize its minority interest in the Round Top heavy-rare earth, technology metals, and industrial minerals project in Hudspeth County, Texas, where joint venture partner USA Rare Earth LLC serves as operating manager. News items often highlight technical progress at Round Top, such as breaker trials, ion-exchange separation tests, and process development work aimed at extracting rare earth elements and other technology metals from Round Top ore.
Another recurring theme in TMRC news is its exploration activity in New Mexico. The company has reported multi-phase electromagnetic geophysical surveys in the Black Hawk silver, nickel and cobalt mining district, centered on the historic Alhambra Mine. Press releases describe the identification of multiple shallow conductive anomalies, plans for a Minimum Impact Exploration permit, and the design of a diamond drill program to test these targets. TMRC has also issued news on the establishment of its subsidiary Standard Silver Corp. to hold New Mexico assets.
More recent announcements include TMRC’s acquisition of the historic Carlisle mine in the Steeple Rock district of New Mexico and a non-binding letter of intent with Steeple Rock Holding Company, LLC to explore a potential joint venture covering four mines and an unassembled flotation mill in New Mexico and Arizona. These releases provide historical context on past production at Carlisle and outline the contemplated structure of a possible mining and milling venture, while stressing that there is no assurance a definitive agreement will be reached.
Investors and observers following TMRC news can expect coverage of exploration milestones, project-level technical updates, joint venture and financing arrangements, and cautionary statements regarding the absence of SEC-compliant reserves or resources. This news page aggregates such announcements so readers can review the company’s publicly reported activities over time.
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Texas Mineral Resources Corp. (TMRC) announces the appointment of Thomas Schneberger as CEO of its joint venture partner, USA Rare Earth, effective December 1, 2022. Schneberger, a veteran with nearly 30 years in manufacturing and mining, previously led significant sustainability initiatives at FMC. His expertise in lithium and the electric vehicle value chain is expected to drive growth at USA Rare Earth, enhancing its production of rare earth magnets vital for clean energy and national security. This leadership change is aimed at furthering USA Rare Earth's mission of creating a domestic supply chain for critical minerals.
Texas Mineral Resources Corp. (TMRC) announced positive results from its geophysical survey of high-grade silver veins in the Black Hawk District, New Mexico. The advanced electro-magnetic survey results exceed expectations, identifying three shallow targets within 75 feet of the surface. TMRC is employing a specialized TDEM technique for efficient exploration, minimizing costs and site preparation. The establishment of a new subsidiary, Standard Silver Corp, aims to hold assets outside the Round Top project, enhancing operational efficiency. TMRC continues to develop the Round Top project alongside its joint venture partner.
Texas Mineral Resources Corp. (TMRC) has announced that its joint venture partner, USA Rare Earth Inc., is developing the first fully integrated U.S.-based rare earth metal and sintered neo-magnet manufacturing facility in Stillwater, Oklahoma. This project, with an investment exceeding $100 million, aims to convert rare earth oxides into various specialty products, supporting sectors such as electric vehicles and military equipment. Initial production is slated to start in 2023, potentially creating over 100 jobs with more than $6.6 million in wages once fully operational.
Texas Mineral Resources Corp. (TMRC) has appointed Vern Lund to its Board of Directors, replacing Clark Mosely, who recently retired as CEO of Navajo Transitional Energy Corp. (NTEC). Lund, currently NTEC's CEO, brings over 25 years of mining experience and expertise in business development, including successful project diversification. His leadership is expected to aid TMRC in expanding its portfolio, particularly in domestic mining projects alongside its existing 20% stake in the Round Top heavy-rare earth project. Lund holds a Civil Engineering degree and an MBA, adding valuable credentials to the board.
Texas Mineral Resources Corp. (TMRC) is set to present at the Sequire Metals & Mining Conference on January 27, 2022, from 2:30 to 2:55 PM EST. The company specializes in exploring heavy rare earths and technology metals through its joint-venture Round Top Mountain project in Texas. Anthony Marchese, the chairman, will lead the presentation. Participants can register for the event and request one-on-one meetings with TMRC. The conference aims to discuss mining industry growth amid increasing demand for electric vehicles.
Texas Mineral Resources Corp. (TMRC) announced a definitive agreement to establish a joint venture with Santa Fe Gold Corp. to explore a target silver property in New Mexico's Black Hawk Mining District. The project, targeting ultra-high-grade silver veins, will undergo a bankable feasibility study funded by Greentech Minerals Holdings Inc., estimated to cost $6.5 million. TMRC will initially hold a 50.5% stake in the joint venture. The exploration will assess recovery potential for critical minerals alongside silver, supporting strategic domestic mining initiatives.
Texas Mineral Resources Corp. (OTCQB: TMRC) will present at the Rocky Mountain Microcap Conference VIII on November 3, 2020, from 10:00 to 10:25 AM MST. Chairman Anthony Marchese will lead the presentation, which will be available via webcast for those unable to attend. The event takes place at TOPGOLF in Centennial, Colorado. The company focuses on developing its Round Top heavy-rare earth project in Texas and alternative strategic mineral sources. Further details and registration can be found on the conference website.
Texas Mineral Resources Corp. (TMRC) will present at the Rocky Mountain Microcap Conference VIII on November 3, 2021, from 10:00 to 10:25 AM Mountain Standard Time. Anthony Marchese, the chairman of TMRC, will lead the presentation. Those unable to attend can access the presentation and slides via a webcast, which will be archived on the company’s website. The conference is set to occur at TOPGOLF in Centennial, Colorado. For more details and registration, visit the conference's official page.
Texas Mineral Resources Corp. (TMRC) has solidified its partnership with USA Rare Earth, which has fully funded a $10 million commitment to earn a 70% interest in the Round Top Heavy Rare Earth Project. TMRC retains a 20% ownership in the newly created Round Top Mountain Development LLC, which will be responsible for the venture. The project boasts a projected NPV of $1.56 billion, a 70% IRR, and a 20-year mine life. USA Rare Earth is also advancing towards a Definitive Feasibility Study, with additional funding and partnerships in place to support future operations.