Texas Mineral Resources Corp (PK:TMRC)
Business Focus: Rare Earth Minerals
| Sector: Basic Materials | Industry: Precious Metals & Minerals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 539 El Paso Street SIERRA BLANCA TX 79851 |
| Tel: | N/A |
| Website: | tmrcorp.com |
| IR: | See website |
| Key People | ||
| Daniel Everett Gorski Chief Executive Officer, Director | William Chris Mathers Chief Financial Officer | |
| Business Overview |
| Texas Mineral Resources Corp. is an exploration stage mining company. The Company is primarily focused on developing and commercializing, along with its joint venture operating partner USA Rare Earth LLC, the Round Top Mountain Development, LLC (Round Top) heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas. Additionally, the Company is pursuing other domestic mining opportunities. Its projects include Rare Earths - Round Top, Uranium - Round Top and Beryllium - Round Top. The Company owns around 19.6% membership interest in Round Top, which holds two mineral property leases with the Texas General Land Office to explore and develop around 950-acre rare earths project located in Hudspeth County, Texas, known as the Round Top Project. Round Top develops a metallurgical process to concentrate or otherwise extract the metals from the Round Top Project's rhyolite, conduct additional engineering, design and geotechnical work, among others. |
| Financial Overview |
| For the six months ended 29 February 2024, Texas Mineral Resources Corp revenues was not reported. Net loss decreased 71% to $363K. Lower net loss reflects Exploration costs decrease of 99% to $8K (expense), General and administrative expenses decrease of 26% to $461K (expense), Other income increase from $10K to $95K (income). |
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