Texas Mineral Resources Corp (OTCMKTS:TMRC) Stock Suddenly Jumps: What’s The Buzz?

On Monday, the Texas Mineral Resources Corp (OTCMKTS:TMRC) came into sharp focus among investors after a key announcement about one of its projects and managed to deliver gains of as much as 9%. The company is working on the Round Top Heavy Rare Earth, Lithium and Critical Minerals Project that is located in Hudspeth County in Texas in collaboration with USA Rare Earth LLC in a joint venture.

Yesterday, USA Rare Earth announced that considerable progress has been made in another similar project located in Wheat Ridge, Colorado. It is quite clear that the news of progress is a significant one for Texas Mineral Resources and the rally in the stock is hence understandable.

Pini Althaus, who is the Chief Executive Officer of USA Rare Earth spoke about the development as well. He said that the company is pleased with the sort of progress that has been made at both the project and also at the processing plant.

He went on to add that the team working on the project is trying to build a long term supply of critical minerals that can be fully independent of China. It now remains to be seen if the Texas Mineral Resources stock can add to its gains today.