Every 10-Q that Texas Mineral Res Corp (TMRC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TMRC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TMRC filings page.
Texas Mineral Resources Corp. remains an exploration-stage miner with no revenue and a continued net loss. For the nine months ended May 31, 2026, the company lost about $2.36M, deeper than $1.27M a year earlier, mainly from higher general and administrative costs tied to legal and corporate work around a planned merger.
Cash rose to roughly $2.61M and working capital to about $2.42M, helped by selling 157,686 shares of USA Rare Earth (USAR) for net proceeds of about $3.0M and warrant exercises. Total assets were about $3.20M and shareholders’ equity about $2.95M at May 31, 2026.
The company highlights substantial doubt about its ability to continue as a going concern. It cannot fund its share of the Round Top joint venture’s large 2026 capital calls—potentially up to $50M in total—and has chosen to accept dilution, reducing its Round Top interest from 18.779% to 18.265%. A Merger Agreement with USAR would convert all TMRC shares into a pro rata portion of 3,823,328 USAR shares, subject to stockholder approval and other closing conditions.
Texas Mineral Resources Corp. reported a net loss of about $1.05 million for the six months ended February 28, 2026, compared with roughly $0.47 million a year earlier, driven partly by a $0.50 million unrealized loss on marketable equity securities. The company remains an exploration-stage miner with no operating revenue and an accumulated deficit of about $46.16 million.
Total assets rose to approximately $4.41 million, including $0.79 million in cash and $2.98 million in marketable equity securities, and shareholders’ equity increased to about $4.27 million, supported by warrant exercises and contributed USAR stock. Despite a working capital surplus near $3.74 million, management discloses substantial doubt about the company’s ability to continue as a going concern because it cannot fund its share of Round Top cash calls and expects further dilution of its now roughly 18.4% interest in the project. The company has signed a Merger Agreement with USA Rare Earth, Inc., under which existing shareholders are slated to receive an aggregate of 3,823,328 USAR shares, subject to approvals and customary closing conditions.
Texas Mineral Resources Corp. reported a small net loss for the quarter ended November 30, 2025 as it continued to operate without revenue while advancing exploration-stage mining assets. The company recorded a net loss of about $246,000, similar to the prior year, on operating expenses of roughly $251,000, including $87,000 of stock-based director compensation. Cash and cash equivalents increased to about $1.10 million and working capital to roughly $978,000, helped by $630,000 of cash proceeds from warrant exercises for 2.1 million shares.
Management states there is substantial doubt about the company’s ability to continue as a going concern, given an accumulated deficit of approximately $45.36 million and no expectation of near-term operating revenue. The company did not fund its cash calls to Round Top Mountain Development, LLC, allowing its interest in the Round Top rare earth project to be diluted from 18.779% at August 31, 2025 to 18.641% at December 31, 2025 and expects further dilution absent new capital. After quarter end, the CEO assigned to the company 157,686 shares of USA Rare Earth common stock, with an indicated market value of about $2.80 million on January 12, 2026.