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. focuses on developing and commercializing domestic mineral projects, led by its minority interest in the Round Top heavy-rare earth, technology metals and industrial minerals project in Hudspeth County, Texas with joint venture partner USA Rare Earth.
Company updates commonly address Round Top operating arrangements and funding mechanics, OTCQB-traded common stock matters, and exploration or acquisition activity involving additional precious, industrial and critical-mineral properties. Reported developments have included the Carlisle mine acquisition in New Mexico, geophysical work in the Blackhawk mining district, material agreements, governance matters, and operating and financial results.
Texas Mineral Resources Corp. (TMRC) has been awarded approximately $1.1 million from the Department of Energy (DOE) for a project aimed at producing rare earth elements (REEs) from Pennsylvania coal waste. This marks TMRC's fourth U.S. government award, following successful completion of prior contract objectives. The project will partner with Penn State and other entities, targeting production of 1-3 metric tons of mixed rare earth oxides per day. The initiative aims to establish a U.S.-based REE supply chain, potentially creating significant economic benefits for the region.
Texas Mineral Resources Corp. (TMRC) announced preliminary geophysical analysis results for silver ore from the historic Alhambra Mine in New Mexico. The analysis indicates that modern geophysical tools, particularly electrical methods, may help locate high-grade silver ore-shoots which were previously difficult to find. A multi-phase exploration program will commence in late March 2021, aiming to reduce discovery risk. The use of silver in photovoltaic cells highlights its growing industrial demand, especially as solar energy production is expected to double by 2025.