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Texas Mineral Resources and USA Rare Earth Provide Operations Update

Apnews - Colorado pilot plant has received all permits required to complete construction and is anticipated to be fully operational within 6 weeks

Leach optimization and continuous ion exchange process design work continues with results consistent with published Preliminary Economic Assessment (“PEA”)

Texas Mineral Resources Corp. (TMRC), an exploration company targeting the heavy rare earths and a variety of other technology metals and industrial minerals, and USA Rare Earth, LLC, its funding and development partner, are pleased to provide an operations update with respect to its flagship Round Top project.

“Our first priority is to safeguard the health and well-being of our employees, partners and contractors,” said Anthony Marchese, Chairman of TMRC. “Fortunately to date, the COVID-19 outbreak has had a minimal effect on our development activities. With all necessary permits now in place, we anticipate operations to begin within six weeks as we comply with the state of Colorado COVID-19 guidelines.”

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