TMRC.PK
Latest Trade
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--(--)Today's Range
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--52 Week Range
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--As of on the Over The Counter ∙ Minimum 15 minute delay
Previous Close | -- |
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Open | -- |
Volume | -- |
3M AVG Volume | 1.28 |
Today's High | -- |
Today's Low | -- |
52 Week High | -- |
52 Week Low | -- |
Shares Out (MIL) | 56.20 |
Market Cap (MIL) | 15.73 |
Forward P/E | -- |
Dividend (Yield %) | -- |
Texas Mineral Resources Corp., formerly Texas Rare Earth Resources Corp., is an exploration-stage mining company. The Company is engaged in the business of acquisition, exploration and development of mineral properties. As of August 31, 2016, the Company held two 19 year leases to explore and develop a 950 acre rare earths project located in Hudspeth County, Texas known as the Round Top Project. As of August 31, 2016, the Company also had prospecting permits covering 9,345 acres adjacent to the Round Top Project. The Company focuses on heavy rare earth elements (HREE). The Company's principal focus is on developing a metallurgical process to concentrate or otherwise extract the metals from the Round Top Project's rhyolite. The Round Top Project is an early exploration-stage project. The Round Top Project area lies within the Texas Lineament Zone or Trans-Pecos Trend. As of August 31, 2016, the Company had not generated any revenues.
Industry
Metal Mining
Executive Leadership
Anthony G. Marchese
Non-Executive Chairman of the Board
Daniel Everett Gorski
Chief Executive Officer, Director
William Chris Mathers
Chief Financial Officer
Peter Denetclaw
Director
Clark Moseley
Director
Price To Earnings (TTM) | -- |
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Price To Sales (TTM) | -- |
Price To Book (MRQ) | 19.59 |
Price To Cash Flow (TTM) | -- |
Total Debt To Equity (MRQ) | 24.14 |
LT Debt To Equity (MRQ) | 0.00 |
Return on Investment (TTM) | -- |
Return on Equity (TTM) | -93.63 |
The U.S. Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, according to a government document seen by Reuters.
Rio Tinto Plc <RIO.L> is studying ways to extract lithium from waste rock at a mine it controls in California, making it the latest company trying to produce the battery metal in the United States for the fast-growing electric vehicle market.
The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world's reliance on China for the high-tech materials.
The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday.
U.S. senators voiced bipartisan support on Tuesday for the expansion of domestic mining and minerals recycling, part of a push to jumpstart the country's electric vehicle supply chain and offset China's rising dominance in the fast-growing space.
The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war.
The U.S. Department of Defense has held talks with Malawi's Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China, a department official said on Wednesday.
The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could cause "significant shocks" in global supply chains.
U.S. companies are years away from challenging Chinese dominance of rare earth minerals due to a lack of domestic processing facilities, ensuring the Asian nation will maintain its near-monopoly on refining and powerful leverage in trade talks.
U.S. companies are years away from challenging Chinese dominance of rare earth minerals due to a lack of domestic processing facilities, ensuring the Asian nation will maintain its near-monopoly on refining and powerful leverage in trade talks.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.