Mar. 5 at 8:19 PM
USA Rare Earth (NASDAQ:
$USAR) is buying its junior partner Texas Mineral Resources (OTCQB:
$TMRC) in an all‑stock deal valued around
$73M, rolling up TMRC’s 18.6% stake plus lease and prospecting rights so USAR becomes sole operator and 100% economic owner of the Round Top heavy rare earth and critical minerals project in West Texas, where it targets first commercial production in 2028 and ~40,000 tons per day of feedstock by 2030.
https://prismmarketview.com/usa-rare-earth-to-acquire-texas-mineral-resources-consolidating-control-of-round-top-project/