Texas Mineral Resources Corp. reported that between February 17 and February 23, 2026, holders of warrants to purchase 8,880,000 shares of common stock exercised them on a cashless, net issuance basis and received 6,187,472 shares of common stock. All warrants issued in the February 2025 financing are now fully exercised with none remaining outstanding. On January 5, 2026, the company also issued 111,729 shares of common stock to its directors in lieu of cash fees. All shares were issued as unregistered securities in reliance on Section 4(a)(2) of the Securities Act to accredited or limited recipients without general solicitation.
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.
Texas Mineral Resources Corp. director Cecil C. Wall reported acquiring 23,116 shares of common stock on January 5, 2026 at a price of $0.78 per share. After this transaction, he is reported as beneficially owning a total of 1,275,327 shares of Texas Mineral Resources common stock.
According to the filing, this total consists of 23,116 shares owned directly by Mr. Wall and 1,252,211 shares held in the name of various trusts that he controls, which are counted toward his beneficial ownership.
Texas Mineral Resources Corp. director Jonathan Scott Beigle reported acquiring additional company stock. On January 5, 2026, he acquired 15,411 shares of common stock at a price of $0.78 per share. After this transaction, he beneficially owns a total of 41,570 common shares, held directly.
Texas Mineral Resources Corp. director Donald E. Hulse reported buying additional company stock. On 01/05/2026, he acquired 15,411 shares of common stock at a price of $0.78 per share. Following this transaction, he directly beneficially owned 157,388 shares of Texas Mineral Resources common stock. The filing was made on Form 4 for a single reporting person in his capacity as a director.
Texas Mineral Resources Corp. director Deepak Malhotra reported acquiring additional common stock. On 01/05/2026, he acquired 15,411 shares of Texas Mineral Resources common stock at a price of $0.78 per share. Following this transaction, he beneficially owned 169,599 shares, held in direct ownership. The filing reflects an increase in his personal stake in the company.
Texas Mineral Resources Corp. filed Amendment No. 1 to its annual report to provide updated Part III information on directors, executive compensation, ownership and related-party transactions. The company reports an aggregate market value of non‑affiliate equity of $20,591,400 as of February 28, 2025 and had 81,335,813 common shares outstanding as of December 12, 2025. The board currently has six directors, five of whom are considered independent under OTCQB standards, and operates Audit, Compensation, and Corporate Governance and Nominating Committees.
Executive pay remains modest, with 2025 salaries of $120,000 for CEO Daniel Gorski and $60,000 for CFO Wm Chris Mathers and no bonuses or equity awards. In a December 2024 related-party transaction, Gorski assigned the Carlisle mine and related real estate to a subsidiary in exchange for a $75,000 promissory note. In February 2025 the company closed $1,098,000 in unsecured, non‑interest‑bearing convertible notes that were fully converted into 3,660,000 common shares, and issued five‑year warrants for up to 10,980,000 additional shares at $0.30 per share.
Texas Mineral Resources Corp. (TMRC) received an updated Schedule 13D/A from Navajo Transitional Energy Company, LLC (NTEC) and related reporting persons outlining their current ownership and recent trading in the company’s common stock. The filing states that the group’s Schedule 13D/A relates to 9,701,257 shares of common stock, representing approximately 12% of TMRC’s 81,335,813 shares outstanding as of November 25, 2025.
NTEC is reported as beneficially owning 9,361,883 shares, or 11.5% of the outstanding common stock, all with shared voting and dispositive power. Individually, LaVern K. Lund is reported as beneficially owning 9,537,968 shares (11.7%), and Peter Denetclaw Jr. 9,525,172 shares (11.7%), each combining personal holdings with shared power over NTEC’s shares.
The amendment also discloses that NTEC sold a total of 750,000 TMRC shares in open‑market transactions on October 28–30, 2025, at per‑share prices of $1.3080, $1.1310, and $1.0385, and notes that there were no other purchases or sales by NTEC, Mr. Lund, or Mr. Denetclaw during the prior 60 days.
Texas Mineral Resources Corp. files its annual report describing a pre-revenue mining business centered on a minority interest in the Round Top rare earth project in Texas. The company currently owns an 18.715% membership interest in Round Top Mountain Development, LLC, which holds leases and related rights over a 950-acre rare earth project and surrounding acreage but has not established any proven or probable mineral reserves under U.S. reporting standards.
For the year ended August 31, 2025, Texas Mineral reported a net loss of about $1.93 million and an accumulated deficit of roughly $45.11 million, with cash of approximately $590,000 and working capital of about $506,000. Management discloses substantial doubt about the company’s ability to continue as a going concern, noting it has no revenues, cannot fund its share of Round Top cash calls, and expects further dilution of its interest as the operating partner finances the project. The company also outlines early-stage option and joint venture concepts, including the Santa Fe Alhambra silver project and a potential Steeple Rock venture, all of which remain contingent on successful exploration and new financing.
Texas Mineral Resources Corp. director reports share acquisition
A director of Texas Mineral Resources Corp. (TMRC) filed an annual Form 5 reporting a purchase of company stock. On 07/21/2025, the reporting person acquired 8,918 shares of TMRC common stock at a price of $0.51 per share, classified as an acquisition transaction. Following this transaction, the individual beneficially owned 8,918 common shares, held in direct ownership form. The report covers the issuer’s fiscal year ended 08/31/2025 and reflects changes in the director’s beneficial ownership for that period.