TMRC Research | Milton Maxwell

TMRC

Texas Mineral Resources Corp.

0.8200

-0.0300-3.53%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

66.70M

P/E (TTM)

Basic EPS (TTM)

-0.03

Dividend Yield

Recent Filings

8-K

TMRC merger with USA Rare Earth

3/5/26Mar 5, 2026

Texas Mineral Resources signed a merger agreement on March 4, 2026, to merge into subsidiaries of USA Rare Earth, receiving 3,823,328 USAR shares pro rata. TMRC stockholders await approval; directors and executives pledged support. Deal hinges on customary conditions. Closing eyed by Q3 2026.

8-K

Warrants fully exercised cashless

2/23/26Feb 23, 2026

Texas Mineral Resources cleared its February 2025 warrants as holders exercised all 8,880,000 on cashless terms between February 17-23, 2026, netting 6,187,472 new shares. No warrants remain outstanding. Warrants issued with $1,098,000 convertible notes are now fully retired.

10-Q

Q1 FY2026 results

1/14/26Jan 14, 2026

Texas Mineral Resources posted a $246K net loss for Q1 FY2026 ended November 30, 2025, up 7% y/y from $229K yet cushioned by $630K warrant exercises that tripled cash to $1.1M. Operating expenses climbed to $251K from $233K (derived), driven by $247K G&A including $87K stock comp, while interest income doubled to $6K. Cash burn eased to $118K from $121K; no debt beyond $75K related-party note. Round Top stake diluted to 18.673% after skipping $503K cash call. Cash funds G&A through August 2026. Liquidity holds. Dilution risk looms large.

10-K

FY2025 results

11/28/25Nov 28, 2025

Texas Mineral Resources posted a $1.9M net loss for FY2025 ended August 31, 2025, up from $833K last year, on $337K exploration costs—quadrupled y/y from New Mexico drilling—and steady $872K G&A. No revenues; cash at $590K covers ops through August 2026 only. Skipped all $631K Round Top JV cash calls, diluting stake from 19.3% to 18.8% by year-end, now 18.7% after Q4 non-funding. Auditors flag going concern doubts. Dilution accelerates.

8-K

Warrant fully exercised for $300K

10/15/25Oct 15, 2025

Texas Mineral Resources Corp. saw a warrant holder exercise the balance of a February 2025 warrant on October 9, 2025, buying 1,000,000 shares for $300,000 cash. This follows a partial exercise in September for 500,000 shares at $150,000. Warrants injected capital. Shares issued under Section 4(a)(2) exemption.

About

Texas Mineral Resources Corp. acquires, explores, and develops mineral properties in the United States. Its flagship project is the Round Top rare earths project covering an area of 950 acres and prospecting permits covering 9,345 acres located in Hudspeth County, Texas. The company was formerly known as Texas Rare Earth Resources Corp. and changed its name to Texas Mineral Resources Corp. in March 2016. Texas Mineral Resources Corp. was incorporated in 1970 and is headquartered in Sierra Blanca, Texas.

CEO

Mr. Daniel E. Gorski

IPO

4/18/2007

Website

https://www.tmrcorp.com

Employees

Sector

Basic Materials

Industry

Other Industrial Metals & Mining