Texas Mineral Resources shareholders receive USAR stock in merger completion - USAR News | RalliesTexas Mineral Resources shareholders receive USAR stock in merger completion
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USAR• Merger completion converts TMRC shares into USAR stock
- Texas Mineral Resources was acquired by USA Rare Earth through a merger that converted TMRC shares into USAR common stock.
- Each TMRC share was exchanged for 0.043279843 of a USAR share, based on 88,339,693 TMRC shares outstanding on a fully diluted basis.
- Fractional USAR shares were cashed out.
- A mineral exploration option agreement with Santa Fe Gold was terminated effective Aug. 7, 2026 in connection with the deal.
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