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An announcement from Texas Mineral Resources ( (TMRC) ) is now available.
Texas Mineral Resources Corp. has entered into a non-binding letter of intent with Steeple Rock Holding Company to explore a joint venture for mining operations in the Steeple Rock District of New Mexico and Arizona. This potential project involves four mines and a mill, with Texas Mineral Resources potentially acquiring a 50.1% interest by contributing the Carlisle mine and securing initial capital. The project aims to revive historical mines in a region known for gold and silver production, although challenges such as securing capital and regulatory approvals remain.
More about Texas Mineral Resources
Texas Mineral Resources Corp. is focused on developing and commercializing rare earth, technology metals, and industrial minerals projects, notably the Round Top project in Texas. The company is also exploring additional domestic mining opportunities, with its stock listed on the OTCQB market under the symbol TMRC.
YTD Price Performance: -17.67%
Average Trading Volume: 95,307
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $26.44M
Find detailed analytics on TMRC stock on TipRanks’ Stock Analysis page.
