TMRC Merger Closes: Final Exchange Ratio Set, Stock Withdrawn from OTCQB
Summary
TMRC's merger with USA Rare Earth closed on August 7, 2026, with a final exchange ratio of 0.043279843 USAR shares per TMRC share. TMRC stock was withdrawn from OTCQB and will be deregistered.
Key Events · M&A and Partnerships · TMRC
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Merger Closed
USA Rare Earth completed its acquisition of Texas Mineral Resources on August 7, 2026, following shareholder approval on July 28, 2026.
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Final Exchange Ratio
Each TMRC share converted into 0.043279843 shares of USAR common stock, based on 88,339,693 TMRC shares outstanding on a fully diluted basis.
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Stock Withdrawn from OTCQB
TMRC common stock was withdrawn from the OTCQB Venture Market, and the company intends to file Form 15 to deregister the shares.
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Leadership Change
Valerie Ford Jacob replaced David Kronenfeld as President, Treasurer, and Secretary of the surviving entity, DyTb, LLC.
Analysis · TMRC · Energy & Transportation
The merger between Texas Mineral Resources and USA Rare Earth closed on August 7, 2026, finalizing the exchange ratio at 0.043279843 USAR shares per TMRC share. TMRC shareholders received USAR stock, and TMRC common stock was withdrawn from the OTCQB. The surviving entity, DyTb, LLC, will deregister TMRC's common stock via Form 15. This completes the acquisition that shareholders approved on July 28, 2026, and removes TMRC from public trading.
At the time of this filing, TMRC was trading at $0.81 on OTC in the Energy & Transportation sector. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.