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19.5 TECH METALS
A significant amount of several high unit value metals, other than rare earth elements, have been
shown to report to the pregnant leach solution in Round Top test work. Pricing assumptions are
derived from Alibaba bulk spot pricing FOB China, from Asian Metal Pages spot prices, and
from industry communications, with no adjustment. In this analysis these are designated “tech
metals”; they are projected to account for approximately 51% of the anticipated revenue stream.
19.5.1 Lithium
Lithium is the most important of these, comprising approximately 32% of Round Top’s
anticipated revenue stream. The most important use of lithium is in rechargeable batteries for
mobile phones, laptops, digital cameras and electric vehicles. Lithium is also used in some non rechargeable batteries for products such as heart pacemakers, toys and clocks.
Lithium metal is made into alloys with aluminum and magnesium, improving their strength and
making them lighter. A magnesium-lithium alloy is used for armor plating. Aluminum-lithium
alloys are used in aircraft, bicycle frames and high-speed trains.
Lithium oxide is used in special glasses and glass ceramics. Lithium chloride is one of the most
hygroscopic materials known and is used in air conditioning and industrial drying systems (as is
lithium bromide). Lithium stearate is used as an all-purpose and high-temperature lubricant.
Lithium carbonate is used in drugs to treat manic depression, although its action on the brain is
still not fully understood. Lithium hydride is used as a means of storing hydrogen for use as a
fuel. (Source: Royal Society of Chemistry, USGS)
http://tmrcorp.com/_resources/reports/TMRC-NI43-101-PEA-2019-16-August-2019.pdf
USA RARE EARTH COMPLETES $50 MILLION SERIES C FUNDING ROUND AND EXERCISES OPTION TO ACQUIRE 80% OF ROUND TOP MOUNTAIN HEAVY RARE EARTH / LITHIUM / CRITICAL MINERAL PROJECT IN TEXAS
TMRC will continue to own 20% of the Round Top Project through Round Top Mountain Development LLC
TMRC continues to pursue its REE’s from coal initiatives as well as its New Mexico silver exploration project
Texas Mineral Resources Corp. (TMRC), an exploration company targeting the heavy rare earths and a variety of other high-value elements and industrial minerals, is pleased to announce that pursuant to the terms of the 2019 Amended and Restated Option Agreement approved by TMRC shareholders, USA Rare Earth has fully funded its $10 million commitment to earn its 70% interest in the Round Top Heavy Rare Earth, Lithium and Critical Minerals Project in Hudspeth County, Texas and has exercised its option to acquire an additional 10% of the Round Top Project. As a result of the performance by USA Rare Earth pursuant to the 2019 Amended and Restated Option Agreement, we formed Round Top Mountain Development LLC to hold the joint venture interests of TMRC and USA Rare Earth. TMRC wil own a 20% interest in Round Top Mountain Development LLC. All other corporate activites such as TMRC’s REE’s from coal initiatives as well as its New Mexico silver exploration project are not part of the USA Rare Earth JV and remain 100% with TMRC.
http://tmrcorp.com/news/press_releases/index.php?content_id=239
Texas Mineral Resources Highlights Round Top Lithium Potential
May 11, 2018
72 Samples from 12 drill holes recently assayed for lithium confirm prior sampling by the state of Texas.
At full production, Round Top potentially produces approximately 12,300 tons annually of lithium carbonate with an estimated 105 year mine life
Assays will now be submitted to a third party for inclusion in updated PEA
https://www.globenewswire.com/news-release/2018/05/11/1501029/0/en/Texas-Mineral-Resources-Highlights-Round-Top-Lithium-Potential.html
Hi, Pisd
I am doing DD on another company and Texas Mineral Resources Corp. (TMRC) came across my sites.
So, I am going to mess up your board with old post.
I hope you do not mind.
Stay away if you think China is your friend..TMRC$...
TMRC$..
For a mine with so much potential we sure don't see many PR's
No doubt. Nice bump. Still need physical mining data and in process reality to sustain a solid stock in a solid company. Show the ree.
no news but what a nice bump. maybe news is near.
Is our stock sleeping or what? Need some update news!
Goldman Sachs leading the SPAC deal. Nothing to sneeze at!
"At some point the two shall meet, you figure that out" he just basically said USARE and TMRC are merging in some capacity...
we need a progress report of some sort.
Let's get back to $4.00+..China not our friends.. TMRC$...
gorski owns 7,066,632 shares after the sale of .01%.
sneaky bugger old gorski. pushing 80 yrs old, what is he up to?
if he was up to something, i would think he would have made a move at $4.00+ back when?
daniel gorski sold as follows
OCT 6th 9031 sold
OCT 15th 7173 sold
OCT 21st 8748 sold
Nov 1st 6847 sold
if you were referring to the 09/15 sale, it was pre-scheduled for estate planning purposes, so nothing alarming to me.
Explanation of Responses:
1. Sold pursuant to an SEC rule 10b5-1 sales plan established on February 10, 2021 for estate planning purposes.
It makes no sense that the CEO is selling shares ???
@CoalDuster I have shares in each of the publicly traded companies mentioned in the article you posted and am following the companies that aren't publicly traded using Google Alerts. Meanwhile, we continue to wait to see how USA Rare Earth plans to go public. I continue to believe a marriage with TMRC makes sense. After all, they are clearly in bed together. We'll see...
They secured 51,000,000.00 in funding. They are meeting all the necessary requirements.
I smelling dilution it smells likec51 million dead bodies phew
Dilutioooooooon Polllllllllllllution
How does that affect TMRC?
USA Rare Earth has raised $51,000,000.00 in new funding.
What could we the investors do to help this project along?
I believe the news on silver at Santa Fe Gold Corp Black Hawk pretties could be transformational for TMRC (as well as for Santa Fe which was delisted for lapse in filings but I expect--hope--it will get back soon--but that is another story.) Both companies change substantially if Feb 21 PR from TMRC turns out to be positive!! $SFEG (former symbol) becomes instantly transformed and once returns to public markets could be a unique off-the-radar opportunity and $TMRC leaps frogs ahead imo
China currently dominates the rare earth industry, but there’s a new bill that just passed in senate that will boost U.S. domestic production. The bill plans to extend tax credits to American companies that produce rare earth magnets.
Mr. Althaus continued, “This bill would spur domestic manufacturing and reward innovation, and it would help reshore a vital U.S. supply chain with potential for international collaboration. Led by the chairs of the Congressional Critical Materials Caucus, the bill dovetails with the whole-of-government approach underway to swiftly secure U.S. supply chains and to restore NdFeB magnet manufacturing in the United States. This is a critical next step following the Executive Order on America’s Supply Chains, the White House 100-day supply chain review, and ambitious new targets for electric vehicles. Congress has the opportunity to scale, strengthen and secure the supply chain for rare earth permanent magnets as it makes sweeping investments in America’s supply.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1844-otcmkts/tmrc/104696-statement-usa-rare-earth-applauds-bipartisan-house-bill-to-boost-rare-earth-permanent-magnet-manufacturing-in-the-u-s.html
They are meeting all the necessary requirements.
Phase II Expanded Critical Minerals Processing Facility Operational in August
SIERRA BLANCA, TX, Aug. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – USA Rare Earth LLC, the operator and owner of 80% of the Round Top (“Round Top”) Heavy Rare Earth, Lithium and Critical Minerals Project in Hudspeth County, Texas, together with its joint venture partner Texas Mineral Resources Corp (OTCQB: TMRC), is pleased to announce significant progress at Round Top and its Rare Earth & Critical Minerals Processing Facility in Wheat Ridge, Colorado.
“We are excited by the progress at Round Top and at our processing facility,” said Pini Althaus, CEO of USA Rare Earth. “The team has achieved important milestones as we build a resilient, long-term critical minerals supply chain that is totally independent of China.”
Still waiting for final draft infrstructure bill.
Sen.Joe Manchin announced today a deal has been reached for infrastructure.
The Round Top REE and critical minerals deposit is located on state property owned by the Texas General Land Office (GLO), and the Texas government has recommended it as a high priority infrastructure project.
Rare earths, lithium, uranium, thorium, beryllium, zirconium, and aluminium
Sen. Joe Manchin statement:
My bipartisan Energy Infrastructure Act is another critical steps towards finalizing our bipartisan infrastructure package, and an important reminder that we can find sensible solutions for difficult problems when we put partisanship aside and work together.
Key Note: "and establish a reliable U.S. based rare earth elements supply chain" https://twitter.com/Sen_JoeManchin
You really have to dig deep sometimes! I like to follow legislation cause that usually determines the direction we go in! State legislation also!
Stay tuned! things are looking up.
This stock is disappointing! Does it really have a future?
need update on progress in any and/or all of these.
1) Pini Althaus, CEO of USA Rare Earth told MINING.COM last year. The company hopes to have it operating by 2023.
2) As a result of the performance by USA Rare Earth pursuant to the 2019 Amended and Restated Option Agreement, we formed Round Top Mountain Development LLC to hold the joint venture interests of TMRC and USA Rare Earth.
3) TMRC will own a 20% interest in Round Top Mountain Development LLC. All other corporate activities such as TMRC’s REE’s from coal initiatives as well as its New Mexico silver exploration project are not part of the USA Rare Earth JV and remain 100% with TMRC.
and gorsky sold a few shares in early june. price down since. he did not cause the down turn by selling 17000 shares, i wouldn't think. just noticing.
Is there an explanation to the sluggish price of the stock?
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