Texas Mineral Resources Corp (TMRC)

[NotRichYet2]

Highlights of the Round Top PEA Include:

Net Present Value (NPV): $1.56 Billion at a 10% discount rate, pre-tax.
Internal Rate of Return (IRR): 70%.
Payback Period: 1.4 years.
Capital Cost: $350.4 Million, including a complete on-site rare earth oxide (REO) and mineral separation plant, and a 25% contingency provision of $65.7 Million.
Current Spot Market Pricing Assumptions: Yields 70% IRR.
Mining Rate: 20,000 tonnes per day (TPD).
All mineral processing at site: Deployment of continuous ion exchange and ion chromatography (CIX/CIC) processing to generate high purity individual rare earth oxides at the site as well as technology metals and industrial minerals.
REO Production: Averaging 2,312 tonnes per year (TPY) total, including approximately 180 TPY of Neodymium (Nd) and 67 TPY of Praseodymium (Pr).
New Lithium Resource: Estimated 9,800 TPY lithium carbonate production.
Heap Leach Processing: Proven conventional method utilizing leach pads built to Texas Environmental Standards.
PEA Mine Life: Mining and processing 146 million tonnes over a 20 year life, equivalent to only 13% of the total Measured, Indicated and Inferred Mineral Resource Estimate of 1.1 billion tonnes - implying mine life of 140 years.
Direct Employment: 179 employees.
Ease of Shipping Access: Only 3 miles north of Interstate Highway 10 and within 3 miles of a major railroad. 85 miles southeast of El Paso, Texas.
Located on State Property: 6.25% Net Smelter Royalty (NSR) payable to Texas General Land Office (GLO).