Texas Mineral Resources Corp.'s primary focus is to develop and commercialize, along with its joint venture operating partner USA Rare Earth LLC, the Round Top heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas, 85 miles southeast of El Paso, in which TMRC owns a 20% interest and USA Rare Earth owns an 80% interest. Additionally, the Company plans on developing other domestic mining projects in more traditional metals. The Company’s common stock trades on the OTCQB U.S. tier under the symbol “TMRC.”
Company profile
Ticker
TMRC
Exchange
Website
CEO
Daniel E. Gorski
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Standard Silver Corp., Texas Rare Earth Resources Corp.
SEC CIK
Corporate docs
IRS number
870294969
TMRC stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
12 Apr 24
8-K
Departure of Directors or Certain Officers
18 Mar 24
DEF 14A
Definitive proxy
25 Jan 24
DEFA14A
Additional proxy soliciting materials
25 Jan 24
10-Q
2024 Q1
Quarterly report
16 Jan 24
10-K
2023 FY
Annual report
29 Nov 23
10-Q
2023 Q3
Quarterly report
17 Jul 23
8-K
Entry into a Material Definitive Agreement
27 Jun 23
10-Q
2023 Q2
Quarterly report
14 Apr 23
10-Q
2023 Q1
Quarterly report
17 Jan 23
Financial summary
Quarter (USD) | Nov 23 | Aug 23 | May 23 | Feb 23 | |
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Diluted EPS |
Annual (USD) | Aug 23 | Aug 22 | Aug 21 | Aug 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 904.49 k | 904.49 k | 904.49 k | 904.49 k | 904.49 k | 904.49 k |
Cash burn (monthly) | 58.27 k | 36.19 k | 77.64 k | 188.57 k | 58.27 k | 82.12 k |
Cash used (since last report) | 281.89 k | 175.07 k | 375.55 k | 912.19 k | 281.89 k | 397.23 k |
Cash remaining | 622.60 k | 729.42 k | 528.94 k | -7.70 k | 622.60 k | 507.26 k |
Runway (months of cash) | 10.7 | 20.2 | 6.8 | -0.0 | 10.7 | 6.2 |
Institutional ownership, Q3 2021
2.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 3.39 mm |
Total shares | 1.88 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
SC Fundamental Value Fund | 1.88 mm | $3.39 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Feb 24 | Peter Jr. Denetclaw | Common Stock | Grant | Acquire A | Yes | No | 0.39 | 22,246 | 8.68 k | 10,191,710 |
9 Feb 24 | Wall Cecil C | Common Stock | Grant | Acquire A | Yes | No | 0.39 | 25,424 | 9.92 k | 1,924,154 |
9 Feb 24 | LaVern K Lund | Common Stock | Grant | Acquire A | Yes | No | 0 | 22,246 | 0.00 | 10,168,990 |
10 Oct 23 | Wall Cecil C | Common Stock | Grant | Acquire A | No | No | 0.87 | 8,588 | 7.47 k | 1,898,730 |
9 Oct 23 | LaVern K Lund | Common Stock | Grant | Acquire A | Yes | No | 0 | 8,558 | 0.00 | 10,146,744 |
10 Aug 23 | Wall Cecil C | Common Stock | Buy | Acquire P | No | No | 0.86 | 750 | 645.00 | 1,890,142 |
10 Aug 23 | Wall Cecil C | Common Stock | Buy | Acquire P | No | No | 0.88 | 1,120 | 985.60 | 1,889,392 |