Loeb Guides Texas Mineral Resources Corp. in Acquisition by USA Rare Earth, Inc.

Loeb & Loeb represented Texas Mineral Resources Corp. (TMRC), an exploration stage mining company, in its acquisition by USA Rare Earth, Inc. (USAR), an American mining and manufacturing company specializing in the extraction, processing and production of rare-earth elements.

Under terms of the agreement, USAR will acquire all of the outstanding shares of TMRC for 3,823,328 shares of USAR common stock. The implied total deal value is approximately $73 million, based on the closing price of USAR’s common stock on March 4, 2026.

The Loeb team that represented TMRC in the transaction included Mitchell Nussbaum, co-chair of the firm; Corporate partner Megan Stombock, associate Victoria Pappas and senior paralegal Hope Wankel; Capital Markets partners Holt Goddard and Angela Dowd, senior counsel Patrick MacMurray and associate Tiffany Liu; Tax partner Natan Levya and associate Peter Sass; Patent Litigation & Counseling partner Bill Voller; Advanced Media & Technology of counsel Eyvonne Mallett; Executive Compensation & Employee Benefits partner Marina Casani; Litigation partner Albert Cohen and senior counsel Nicole Travers; and Real Estate partner Connie Pak.

For more information, please see the companies’ joint press release.