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FAQ: Texas Mineral Resources Joint Venture Partner USA Rare Earth's $1.6 Billion Government Funding for Round Top Project
TL;DR
TMRC's 19% stake in the Round Top project positions it to benefit from USA Rare Earth's $1.6 billion U.S. government funding for domestic heavy rare earth supply chain development.
TMRC owns approximately 19% of the Round Top heavy-rare earth project, which is receiving $1.6 billion in U.S. government funding through partner USA Rare Earth.
This funding accelerates domestic heavy rare earth production, reducing reliance on foreign sources and strengthening U.S. supply chains for critical technology materials.
Texas Mineral Resources Corp holds a significant stake in a Texas rare earth project now backed by $1.6 billion in U.S. government funding.
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USA Rare Earth, the operating partner of the Round Top heavy-rare earth project, has signed a letter of intent with the U.S. government for access to $1.6 billion in funding to accelerate the domestic heavy rare earth supply chain.
Texas Mineral Resources Corp. (TMRC) is a company that owns approximately 19% of the Round Top heavy-rare earth project and is the joint venture partner with USA Rare Earth, which is the operating partner for the project.
The Round Top project is a heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas, approximately eighty-five miles southeast of El Paso.
The $1.6 billion funding from the U.S. government is intended to accelerate the domestic heavy rare earth supply chain, specifically for the Round Top project.
This announcement was made on January 26, 2026, as indicated in the press release from Texas Mineral Resources Corp.
In addition to the Round Top project, Texas Mineral Resources Corp. is pursuing other potential domestic mining opportunities, primarily focused on gold and silver.
A link to USA Rare Earth's press release is provided in the content: Article.
You can contact Anthony Marchese, Chairman of Texas Mineral Resources Corp., via email at amarchese@tmrcorp.com or follow the company on Twitter at @TexasMineralRes.
The original release can be viewed on www.newmediawire.com.
This funding represents a significant government investment to accelerate the development of a domestic heavy rare earth supply chain, reducing reliance on foreign sources for these critical materials.
Curated from NewMediaWire
