AcquisitionMar 5, 2026Completed
🇺🇸 United States
TMTexas Mineral Resources Corp.URUSA Rare Earth, Inc.
Materials & Chemicals › Metals & Mining
Equity value$73MEquity value
AnnouncedMar 5, 2026
ConsiderationStock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
USA Rare Earth agreed to acquire all outstanding shares of Texas Mineral Resources Corp. for 3,823,328 shares of USAR common stock, an implied value of about $73 million. The deal gave USAR full ownership of TMRC's 18.6% interest in the Round Top project.
Deal rationale
The acquisition consolidates the minority interests in Round Top, making USAR the sole operator and 100% economic beneficiary, which simplifies governance and supports its Accelerated Mining Plan.
AI-generated from the SEC filingCompletedMaterials & Chemicals › Metals & MiningUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $73M | Headline figure |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
MMoelis & Company
Sell-side
None listed
Parties
Target
TMTexas Mineral Resources Corp.
- Headquarters
- United States
- Ticker
- TMRC