USA Rare Earth to Acquire Texas Mineral Resources, Consolidating Control of Round Top Project

USA Rare Earth has announced plans to acquire Texas Mineral Resources Corp. (OTCQB: TMRC) in an all-stock transaction valued at approximately $73 million, a move that would consolidate full ownership of the Round Top rare earth and critical minerals project in West Texas.

The acquisition will allow USA Rare Earth to obtain the remaining 18.6% ownership stake it does not currently control, giving the company full operational and development authority over the strategically important deposit.

Strengthening Control of a Key U.S. Rare Earth Resource

Located roughly 85 miles southeast of El Paso, the Round Top deposit is believed to contain a wide range of critical minerals including heavy rare earth elements, lithium, gallium, hafnium, zirconium, and beryllium. These materials are essential for technologies used in electric vehicles, renewable energy systems, defense applications, semiconductors, and advanced electronics.

Through the transaction, USA Rare Earth will also gain control of Texas Mineral Resources’ 950-acre mineral lease and prospecting rights covering more than 9,000 surrounding acres, providing long-term access for exploration and development.

Advancing a Domestic “Mine-to-Magnet” Supply Chain

USA Rare Earth is pursuing a vertically integrated strategy designed to build a domestic rare earth supply chain from mining through magnet manufacturing.

The company has already invested in downstream infrastructure, including:

• A rare earth separation and processing pilot facility in Colorado
• A rare earth metal and magnet manufacturing plant in Oklahoma

The Oklahoma facility is expected to begin early operations soon, supporting the production of high-performance magnets used in electric vehicles, wind turbines, robotics, and defense technologies.

Development Plans for the Round Top Mine

USA Rare Earth is currently conducting a definitive feasibility study for the Round Top project as it prepares to advance toward commercial production.

Under the company’s development timeline, initial production could begin around 2028, with plans to scale operations to approximately 40,000 metric tons of ore per day by 2030 once the project reaches full capacity.

Strategic Importance for Critical Mineral Supply

The acquisition comes at a time when governments and industries are increasingly focused on securing domestic sources of rare earth elements and critical minerals. Currently, a large portion of global rare earth processing and magnet production is concentrated in China.

By consolidating control of the Round Top project, USA Rare Earth aims to strengthen the U.S. supply chain for rare earth materials, supporting industries ranging from electric vehicles and renewable energy to aerospace, robotics, and national defense.

Investor Perspective

For investors, the acquisition of Texas Mineral Resources represents a significant step toward advancing the Round Top project and expanding USA Rare Earth’s integrated “mine-to-magnet” strategy.

Bottom Line

The planned acquisition will give USA Rare Earth full control of the Round Top deposit, one of the most promising rare earth resources in the United States. As development progresses, the project could play an important role in strengthening domestic production of critical minerals used in next-generation technologies.