Past year: ▼ 30%(61.0c – 1.16 USD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Feb 2026capital raising announcement● NeutralMajor
Between February 17 and 23, 2026, holders of the remaining 8,880,000 February 2025 warrants exercised them without paying cash and received 6,187,472 shares; no warrants from that deal remain. This closes the warrant thread but adds shares to the count, with no cash coming in. The company also issued 111,729 shares to directors in lieu of fees on January 5, 2026.
15 Oct 2025capital raising announcement● Neutral
On October 9, 2025 the rest of that same warrant was exercised for 1,000,000 shares and $300,000 in cash. On October 15 the company also issued 123,132 shares to directors in lieu of cash fees and 257,407 shares to a director on a cashless option exercise.
19 Sept 2025capital raising announcement● Neutral
On September 15, 2025 a holder partially exercised one of the February 2025 warrants, buying 500,000 shares for $150,000 in cash ($0.30 each). This continues the warrant thread and adds shares and a small amount of cash.
11 Aug 2025capital raising announcement● NeutralMajor
All $1,098,000 of the February 2025 convertible notes were converted into 3,660,000 shares at $0.30 (conversions between July 28 and August 9, 2025), so the notes are extinguished before their Aug 10, 2025 maturity. This resolves the repayment question; the 10,980,000 warrants stay outstanding, and the company also issued 164,327 shares to directors in lieu of cash fees on July 22, 2025.
20 Feb 2025capital raising announcement▼ BadMajor
The $848,000 loan closed on Feb 20, 2025, with the notes and warrants issued as described in the Feb 12 filing. TMRC also entered a further identical loan on Feb 18 for $250,000 from two investors (one is Mr. Wall's son-in-law, lending $50,000), with notes convertible into up to 833,333 shares and warrants for 2,500,000 shares at $0.30. Total borrowing is now $1,098,000, all due Aug 10, 2025, with added potential dilution.
12 Feb 2025capital raising announcement▼ BadMajor
TMRC agreed on Feb 10, 2025 to borrow $848,000 from thirteen investors through interest-free unsecured notes due Aug 10, 2025, convertible at $0.30 per share (up to 2,826,667 shares). The lenders also get warrants for up to 8,480,000 shares at $0.30, exercisable to Feb 10, 2030. Proceeds are for general corporate purposes including general and administrative expenses. Directors lend $203,000 in total (Marchese $100,000, Wall $75,000, Gorski $20,000, Malhotra $8,000) and Marchese's family members lend $225,000, so conversion and warrant exercise would dilute existing shareholders.
11 Dec 2015capital raising announcement▼ BadMajor
The company closed a private placement of 3,297,500 units at $0.20 with 12 investors for about $659,500; each unit has one share and two $0.35 warrants expiring December 7, 2020. Two unsecured $40,000 notes that were due November 24, 2015 were settled by issuing 200,000 units each, and Southwest Range & Wildlife Foundation took 50,000 units for $10,000 of lease payments owed. The filing says the June 1, 2015 $45,000 payment to Southwest had not been paid, which is a missed payment under the 2013 lease deal.
10 June 2011capital raising announcement▲ GoodMajor
On June 9, 2011 investors funded the exercise of the remaining options for 3,200,000 shares at $2.50, bringing $8,000,000 and an aggregate of $15,600,000 across the May and June exercises. Shares outstanding are now 33,836,259, and new five-year warrants for 3,200,000 shares were issued. The company says this funds its expected $16-18 million capital needs through 2012 and lets it speed up work at Round Top (drilling, metallurgical testing); this completes the option round begun in February. Broker commissions were $160,000 plus warrants for 128,000 shares. Marc LeVier is named CEO in the press release.
6 June 2011capital raising announcement▲ GoodMajor
On May 31, 2011 investors exercised options to buy 3,040,000 shares at $2.50, giving the company $7,600,000. This follows through on the option granted in the early-2011 placements. The investors also received five-year warrants for 3,040,000 shares at $2.50 (up to $7.6 million more if exercised), and brokers got a 10% cash commission plus warrants for 608,000 shares, so existing holders are diluted.
15 Feb 2011capital raising announcement▲ GoodMajor
Texas Rare Earth Resources closed a further $2.0 million private placement on February 9, 2011 with an institutional investor: 800,000 shares at $2.50 plus a five-year warrant for 800,000 shares at $2.50. The investor also got a four-month option to buy up to 3,200,000 more shares at $2.50 with matching warrants, which could add more shares later. Total raised in this round reaches $4 million, to be used mainly for the Round Top project in Hudspeth County, Texas; a $120,000 finders' fee and a 136,000-share warrant were also agreed.
What it means for a shareholder
800,000 new shares at US$2.50 to raise about US$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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