USA Rare Earth, Inc. (USAR) announced the completion of its previously disclosed merger with Texas Mineral Resources Corp. (TMRC) on August 7, 2026. As a result of the transaction, TMRC is now a wholly owned subsidiary of USAR.
Key Details
- Completion Date: The merger was finalized on August 7, 2026, pursuant to a definitive agreement dated March 4, 2026.
- Exchange Ratio: Each share of TMRC common stock was converted into the right to receive 0.043279843 of a share of USAR common stock.
- Consideration Details: The final exchange ratio was based on a total of 3,823,328 shares of USAR common stock and 88,339,693 TMRC common shares outstanding on a fully diluted basis. Cash was paid in lieu of fractional shares.