Texas Mineral Resources Business Summary

Texas Mineral Resources Corp. (TMRC) is a specialized exploration and development-stage mining company primarily focused on the domestic production of heavy rare earth elements (REEs), technology metals, and industrial minerals. The company’s core business model centers on its approximately 19% interest in the Round Top Project in Hudspeth County, Texas, operated through a joint venture with USA Rare Earth, LLC. TMRC is currently pre-revenue, with its value proposition tied to the commercialization of the Round Top deposit, which contains 16 of the 17 rare earth elements, alongside significant lithium, gallium, and beryllium reserves. The company also maintains a secondary focus on precious metals, including gold and silver exploration at its Alhambra and Howard County projects. Within the competitive landscape, TMRC operates alongside major domestic players such as MP Materials, Rare Element Resources, and Energy Fuels. TMRC distinguishes itself as a strategic junior developer of a unique, large-scale rhyolite-hosted deposit that offers a critical, non-Chinese source of heavy REEs and lithium for the U.S. defense and green energy supply chains. The leadership team is anchored by Chief Executive Officer Daniel E. Gorski, a veteran geologist with over 50 years of experience who previously co-founded High Plains Uranium and held executive roles at Metalline Mining Co. Financial and strategic oversight is provided by Chairman Anthony Marchese, who brings a deep pedigree in capital markets from his tenure at Tri Point Global Equities and Monarch Capital Group, and CFO Wm. Chris Mathers. The Board of Directors features high-level technical and industry expertise, including Dr. Deepak Malhotra, a world-renowned metallurgical engineer and President of Resource Development Inc., and Jonathan Beigle, CEO of Ridgeline Royalties and former Newmont Corporation executive. Notable institutional support includes the Navajo Transitional Energy Company (NTEC), which holds a significant minority stake, and an advisory board led by Daniel McGroarty, a recognized expert in critical mineral supply chains and former Department of Defense official.