Mergers & Acquisitions ·
USA Rare Earth, Inc. completed its merger with Texas Mineral Resources Corp. on August 7, 2026, pursuant to a…
USARWUSA Rare Earth, Inc.
USA Rare Earth, Inc. completed its merger with Texas Mineral Resources Corp. on August 7, 2026, pursuant to a definitive agreement dated March 4, 2026. The transaction involved two sequential mergers resulting in TMRC becoming a wholly owned subsidiary of USAR. Each outstanding share of TMRC common stock was converted into the right to receive 0.043279843 shares of USAR Common Stock, based on an exchange ratio derived from 3,823,328 shares and 88,339,693 fully diluted TMRC shares. Fractional share entitlements were settled in cash. The issuance was registered under the Securities Act via a Form S-4 declared effective June 29, 2026. USA Rare Earth operates in the rare earth elements mining and processing industry.