Texas Mineral Resources Corp. operates as a mining company.
The company engages in the business of the acquisition, exploration, and development of mineral properties. The company owns a 19.611% membership interest in Round Top Mountain Development, LLC (Round Top), which entity holds two mineral property leases with the Texas General Land Office (GLO) to explore and develop a 950-acre rare earths project located in Hudspeth County, Texas, known as the Round Top Project. The leases expire in 20...
Texas Mineral Resources Corp. operates as a mining company.
The company engages in the business of the acquisition, exploration, and development of mineral properties. The company owns a 19.611% membership interest in Round Top Mountain Development, LLC (Round Top), which entity holds two mineral property leases with the Texas General Land Office (GLO) to explore and develop a 950-acre rare earths project located in Hudspeth County, Texas, known as the Round Top Project. The leases expire in 2030 with provisions for automatic renewal if Round Top is producing in paying quantities (the receipt from the sale of materials exceeds all costs and expenses associated therewith for the prior 12 months).
Round Top also holds prospecting permits covering 9,345 acres adjacent to the Round Top Project and other related assets. The strategy with Round Top is to develop a metallurgical process to concentrate or otherwise extract the metals from the Round Top Project's rhyolite, conduct additional engineering, design, geotechnical work, and permitting necessary for a bankable feasibility study and then to extract mineral resources from the Round Top Project.
As a part of the company’s ongoing operations, it will occasionally investigate new mining opportunities. The Round Top Project is in the exploration stage.
History
The company was incorporated in the state of Nevada in 1970. It was formerly known as Standard Silver Corporation and changed its name to Texas Rare Earth Resources Corp. in 2010. In 2012, the company changed its state of incorporation from the state of Nevada to the state of Delaware. Further, the company changed its name to Texas Mineral Resources Corp. in 2016.