Round Top

USA Rare Earth Signs Supply Agreement with Australian Strategic Materials

Retrieved on: 
Thursday, August 3, 2023
EVS, ASM, Round Top, ASX, Rare-earth element

TAMPA, Fla., Aug. 3, 2023 /PRNewswire/ -- USA Rare Earth, LLC (USARE), a vertically integrated magnet technology company, announced today that it signed a multi-year supply agreement with Australian Strategic Materials Ltd. (ASX: ASM) (ASM), a producer of critical metals for advanced and clean technologies.

Key Points: 
  • TAMPA, Fla., Aug. 3, 2023 /PRNewswire/ -- USA Rare Earth, LLC (USARE), a vertically integrated magnet technology company, announced today that it signed a multi-year supply agreement with Australian Strategic Materials Ltd. (ASX: ASM) (ASM), a producer of critical metals for advanced and clean technologies.
  • This agreement secures rare earth metals that will be used as USARE ramps up production of high-performance rare earth magnets.
  • Rare earth magnets are required for technologies ranging from cell phones and medical devices to EVs and numerous defense applications.
  • "Having a supply agreement in place with ASM plays a critical role in delivering on our vision of achieving magnet production in 2024," said Tom Schneberger, CEO of USA Rare Earth.

Texas Mineral Resources and JV Partner USA Rare Earth Enhance Round Top Operating Agreement to Include Flexible Financing Option to Meet Potential Future Cash Requirements

Retrieved on: 
Tuesday, June 27, 2023
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TMRC will have the sole right, but not the obligation, to allow USA Rare Earth to fund its cash call and then reduce its Round Top project equity by a percentage, according to the following formula:  TMRC’s cash call that is funded by USA Rare Earth divided by TMRC’s market capitalization at the time of the cash call multiplied by TMRC’s Round Top then current equity interest.

Key Points: 
  • TMRC will have the sole right, but not the obligation, to allow USA Rare Earth to fund its cash call and then reduce its Round Top project equity by a percentage, according to the following formula:  TMRC’s cash call that is funded by USA Rare Earth divided by TMRC’s market capitalization at the time of the cash call multiplied by TMRC’s Round Top then current equity interest.
  • Avoids the need to raise capital to fund capital calls through the issuance of its equity securities; and
    Allows for any potential future financing to occur on an orderly basis.
  • “This financing option provides TMRC with enhanced flexibility and optionality to pursue any potential future financing on an opportunistic basis.
  • We look forward to continuing to work with USARE to execute our strategy of maximizing the value of Round Top with the goal of developing a profitable and strategically vital mining operation.

Texas Mineral Resources Completes Phase 3 Geophysical Surveying in New Mexico’s Blackhawk Silver Mining District

Retrieved on: 
Thursday, March 9, 2023
Diamond, Nature, Vein, Metal, Anomaly, OTCQB, TDEM, Water, Silver, Time domain, Probability, Graphite, TMRC, Round Top, Mining, Rare-earth element

Blackhawk silver project complements the continued successful development of the Round Top heavy-rare earth and critical mineral project in Texas.

Key Points: 
  • Blackhawk silver project complements the continued successful development of the Round Top heavy-rare earth and critical mineral project in Texas.
  • Texas Mineral Resources Corp. (TMRC), is pleased to announce that it has conducted a 3rd Phase of electro-magnetic surveying based on continued analysis of the highly encouraging Phase 2 Time Domain Electro-Magnetic (TDEM) survey of high-grade silver veins in the Black Hawk District, Grant County, New Mexico.
  • This 3rd Phase survey is focused on the area of the highest population of significant anomalies detected by Phase 2.
  • “Additionally, we are very pleased with the development of the Round Top heavy-rare earth and critical mineral project in Texas.

Analysis of Geophysical Surveying in New Mexico's Blackhawk Silver Mining District Exceeds Expectations

Retrieved on: 
Wednesday, November 30, 2022
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Within these mineralized lenses, silver grades as high as 20% have been reported in the past.

Key Points: 
  • Within these mineralized lenses, silver grades as high as 20% have been reported in the past.
  • The Black Hawk District was active in the 1884-1894 period during which time the Black Hawk and the Alhambra mines accounted for most of the production.
  • to assess the Black Hawk District using its Time Domain Electro Magnetic (TDEM) surveying process.
  • Assuming historical grade recoveries and successfully accessing the veins identified, the risk/reward potential of the Blackhawk district is quite favorable.

Texas Mineral Resources Joint Venture Partner USA Rare Earth Appoints CEO

Retrieved on: 
Tuesday, November 8, 2022
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SIERRA BLANCA, TX, Nov. 08, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Texas Mineral Resources Corp.  (OTCQB: TMRC), an exploration company currently targeting the heavy rare earths, industrial and technology metals through its 20% ownership interest in the Round Top Mountain project in Texas and ongoing exploration initiatives, is pleased to announce that its joint venture partner, privately held USA Rare Earth, yesterday announced a new CEO, Thomas Schneberger, replacing Thayer Smith who served as USA Rare Earth’s interim CEO.  A copy of the press release issued by USA Rare Earth follows:

Key Points: 
  • A copy of the press release issued by USA Rare Earth follows:
    USA Rare Earth, LLC is pleased to announce the appointment of Thomas Schneberger as Chief Executive Officer.
  • USA Rare Earth has assembled outstanding capabilities to produce rare earth magnets from its majority owned domestically sourced mineral reserve.
  • USA Rare Earth, LLC controls and operates the Round Top Heavy Rare Earth, Lithium and Critical Minerals Project in Hudspeth County, Texas, and has developed the first rare earth and critical minerals processing facility in the United States.
  • About Texas Mineral Resources Corp.
    Texas Mineral Resources Corp.'s primary focus is to develop and commercialize, along with its joint venture operating partner USA Rare Earth LLC, the Round Top heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas, 85 miles southeast of El Paso, in which TMRC owns a 20% interest and USA Rare Earth owns an 80% interest.

Rare Earth Elements: Our Green Energy Technology Future is in Its Mining

Retrieved on: 
Thursday, September 8, 2022
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The global rare earth metal market share is expected to grow to $9.65 billion in 2026 at a CAGR of 10.3%.

Key Points: 
  • The global rare earth metal market share is expected to grow to $9.65 billion in 2026 at a CAGR of 10.3%.
  • USA Rare Earth plans to invest more than $100 million in developing the manufacturing facility and will utilize its owned facilities and technology to convert rare earth oxides into metals, magnets and other specialty materials.
  • Lynas Rare Earths was established as an ethical and environmentally responsible producer of rare earth materials and is the world's only significant producer of separated rare earth materials outside of China.
  • If we want technology to advance hand-in-hand with a green future, the rare earth elements sector will play an integral role.

Tactical Resources Appoints Accomplished Metallurgical Specialist

Retrieved on: 
Thursday, July 28, 2022
Goal, Barrick Gold, Knowledge, Fundamental, Acquisition, GLOBE, Toxicity, Mining, Rare-earth element, Doctor of Philosophy, Round Top, Solution, REE, Child development stages, Board, Maximal and minimal elements, Metallurgy, Company, CSE, Pueblo Viejo mine, Engineering, LLC, OTC, Management, Goldcorp, AMEC, Turnstone, Metal

PhD specialist bringing over thirty years of experience in metallurgical research, engineering, and operations support.

Key Points: 
  • PhD specialist bringing over thirty years of experience in metallurgical research, engineering, and operations support.
  • Fundamental knowledge in developing patented processes at Goldcorp Inc.
    Based in Vancouver, Canada, Marcus Tomlinson brings over thirty years of experience in metallurgical research, engineering, and operations support.
  • Tactical Resources is committed to becoming a premier North American developer of REE products to meet domestic supply chain needs.
  • For more information on the Peak Project, watch this video here , or visit the Tactical Resources website .

Texas Mineral Resources Reports Successful Completion of Geophysical Work in the Blackhawk Mining District in New Mexico, Highlighting Silver and Critical Minerals Potential

Retrieved on: 
Thursday, July 28, 2022
Radium, NWT, IP, Economics, Silver, Company, Anomaly, Letter, Port Radium, Round Top Mountain, U.S. Securities and Exchange Commission, Round Top, Ownership, Accident, Technology, Map, Black, GLOBE, USGS, TMRC, Disclosure, CEO, SEC, Risk, Black Hawk, Czech Republic, Soil, OTCQB, Black Hawk, Colorado, Form 10-K, Time domain electromagnetics, TDEM, Time, Arsenic, CGI, Uranium, Nickel, National Strategic and Critical Minerals Production Act of 2013, Vein, Employment, Annual report, Geology, Noise, Sand, Rare-earth element, Risk management, Mining, Surveying, Alhambra, Cobalt

Because of the high concentrations of native silver in the core zones of the ore shoots, it was postulated that they would be electrically conductive.

Key Points: 
  • Because of the high concentrations of native silver in the core zones of the ore shoots, it was postulated that they would be electrically conductive.
  • We believed that the concentration of silver and other electrically conductive minerals in the veins was high enough to respond to this technology.
  • This is a story of advanced technology applied to a known, historic mining district, added Anthony Marchese, Chairman of TMRC.
  • Additionally, the Company is developing other domestic mining projects in precious and industrial metals as well as critical minerals.

Texas Mineral Resources Joint Venture Partner Secures First Domestic Rare Earth Metal and Magnet Manufacturing Facility

Retrieved on: 
Thursday, June 9, 2022
OTCQB, Company, Magnet, Ownership, Metal, Round Top Mountain, GLOBE, Round Top, Technology, TMRC, Rare-earth element

USA Rare Earth plans to invest more than $100 million in developing the manufacturing facility and will utilize its owned facilities and technology to convert rare earth oxides into metals, magnets and other specialty materials.

Key Points: 
  • USA Rare Earth plans to invest more than $100 million in developing the manufacturing facility and will utilize its owned facilities and technology to convert rare earth oxides into metals, magnets and other specialty materials.
  • In 2020, USA Rare Earth acquired the only sintered neo-magnet manufacturing equipment in the western hemisphere.
  • The company plans to have the necessary operating permits for all metal, flake, and magnet operations in 2022 with initial production to commence in 2023.
  • About Texas Mineral Resources Corp.
    Texas Mineral Resources Corp.'s primary focus is to develop and commercialize, along with its joint venture operating partner USA Rare Earth LLC, the Round Top heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas, 85 miles southeast of El Paso, in which TMRC owns a 20% interest and USA Rare Earth owns an 80% interest.