Replies to post #468 on Texas Mineral Resources Corp (TMRC)

[Svatman]

Good points I think. UCORE is certainly worth paying attention. They are a Canadian company so I’m not sure how that plays into federal funding. I’m still not 100% clear on wether USA Rare Earth and TRMC are partners, separate entities or something in between. There is an estimated $8 billion in rare earth minerals in Round Top as I understand. There is a good chance there is significantly more rare earth elements in the Sierra Blanca area of Texas. Even at a 20% or $1.6 billion claim valuation on Round Top TRMC has room to grow significantly. It also depends on how the contract was drawn up between the two companies.

[Magnoliavoice]

farm--Don't forget to factor in the 80 MILLION US .10 cent share overhang. They were acquired in a recent rights offering program. That really puts a cap on and smothers big share price gains. Don't expect anything like the TMRC rocket. And then there also is the drawn out legal battle, now going for more than a year. This introduces uncertainty around the company that has kept some larger investors away until this is resolved. Court business only relates to MRT separation technology, but impacts market's perception.

In addition to TMRC, I think another good prospect is REEMF. I watched a Youtube link I saw referenced somewhere else that helped me understand that company's prospects. Plus I like their ore and the 40-plus year mine life. I think Ucore's LOM is like 12 years and one wonders if that justifies funding by the national government with longer term concerns.

[klimanjaro]

I agree with the resource grade being higher than TMRC but what about their REE separation technology> I am still doing DD on UURAf M3 Plan of Atcion to see who has the best pilot plant going. TMRC's ion exchange-ion chromatographic methodology being deployed has been previously utilized in the separation and purification of rare earths for the Department of Defense, thus de-risking the basis for the pilot plant. Where does UURAf actually stand in its technology?

[klimanjaro]

I think my question just got answered >
USA Rare Earth and Australian Rare Earth Company Arafura Resources Enters Into Strategic Relationship
6:00 pm ET December 22, 2019 (Globe Newswire) Print
Australian Heavy Rare Earth Concentrate will be Processed at USA Rare Earth and Texas Mineral Resources' New Colorado Pilot Plant

USA Rare Earth CEO: Relationship is in Keeping with Australian-U.S. Governments' Mandate to Encourage Rare Earths Collaboration

via NEWMEDIAWIRE - USA Rare Earth LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project (Texas) with Texas Mineral Resources Corp. (OTCQB: TMRC), is pleased to announce a strategic relationship with Australia's Arafura Resources Limited (ASX: ARU) (Arafura or the Company), developer of its 100 percent-owned Nolans Bore Neodymium-Praseodymium (NdPr) deposit in the Northern Territory, Australia. Under the terms of a Letter of Intent, Arafura will send Heavy Rare Earth (HREE) concentrate from Nolans for processing at USA Rare Earth's Colorado pilot plant.

"As the U.S. and Australia are partner nations in the NTIB - the National Technology Industrial Base, and have announced a collaboration on strategic minerals exploration, extraction, processing and research, and development of rare earths and high performance metals, our collaboration with Arafura is also an example of concrete steps demonstrating how the U.S. and Australia can address the need for a reliable rare earth supply chain independent of China," said Pini Althaus, CEO of USA Rare Earth. "Our collaboration with Arafura also underscores the versatility of our Continuous Ion Exchange/Continuous Ion Chromatography (CIX-CIC) processing method that enables us to work with feedstock from projects other than our Round Top deposit."

"Arafura and the Australian Government, championed by the initiatives of Austrade, have combined to strengthen the working relationships with our U.S counterparts and we are excited to be playing our part in helping to establish a secure, long term supply of rare earths critical to the world. It's an exciting opportunity for Arafura to expand its customer potential and work with USA Rare Earth and our NTIB allies," said Gavin Lockyer, Managing Director of Arafura Resources.

In 2018, U.S. President Donald Trump and Australian Prime Minister Scott Morrison agreed that the United States and Australia - partners in the NTIB -- will work together on strategic minerals exploration, extraction, processing and research, and development of rare earths and high-performance metals. On November 19, 2019, the U.S. and Australia formalized their partnership on developing both nations' critical mineral assets, with a project agreement signed by Geoscience Australia and the United States Geological Survey (USGS). The signing paves the way for both nations to work more closely on understanding each country's geological resource potential for critical minerals, including rare earth elements, and developing a pathway to supply arrangements.

USA Rare Earth and Arafura agreed in the Letter of Intent to execute a Definitive Agreement in Q1 2020.

"We've demonstrated the versatility of CIX-CIC in successful grants for the U.S. Defense Logistics Agency and the U.S. Department of Energy," said Dan Gorski, CEO of TMRC and Round Top Project Manager for USA Rare Earth. "We look forward to showing how our method can work on Australian feedstock, as we establish a robust rare earth oxide supply chain."