Ladies and gentleman for your consideration.
Rare-Earth Stock American Dreams — And finally, I’ve got a tiny American company for you. It’s very speculative because it’s not producing any rare earths yet, but it has the rights to mine what could be one of the most prolific deposits of rare earths in the country.
It’s half of a joint venture to mine the Round Tops rare-earths project in Western Texas, and it goes by the name of Texas Mineral Resources Corp (OTC: TMRC). The company has partnered with privately held USA Rare Earth to develop the site and hopes to have it fully operational by 2023.
TMRC-$4.60
Folks I have a feeling....
Texas Mineral Resources Corp. (TMRC)
Other OTC - Other OTC Delayed Price. Currency in USD
$4.5900+0.4310 (+10.36%)<---------
At close: February 19 3:59PM EST
Fri Volume 1,151,471 Avg. Volume 451,163) ) ) )
Rare Earth Monday!
Rare Element Resources Ltd. (REEMF)
Other OTC - Other OTC Delayed Price. Currency in USD
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4.0900+0.5900 (+16.86%)<----------
At close: February 19 3:59PM EST
About USA Rare Earth, LLC
USA Rare Earth, LLC is earning and acquiring an 80% operating joint venture interest in, and is the operator of, the Round Top Heavy Rare Earth and Critical Minerals Project located in Hudspeth County, West Texas from Texas Mineral Resources Corp. (TMRC: OTCQB). Round Top hosts a wide range of critical heavy rare earth elements, high-tech metals, including lithium, zirconium, hafnium and beryllium, and, based on the Preliminary Economic Assessment (dated August 16, 2019) projects a pre-tax net present value using a 10% discount rate of $1.56 billion based on a 20-year mine plan that is only 13% of the identified measured, indicated and inferred resources. The PEA estimates an internal rate of return of 70% and average annual net revenues of $395 million a year after average royalties of $26 million a year payable to the State of Texas.
Something is brewing in the rare earth sector...