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<blockquote data-quote="C-Note" data-source="post: 1477297" data-attributes="member: 9873">Fairly big announcement this morning.&nbsp; USA Rare Earths (USARE) is purchasing enough stock in Texas Mineral Resources to assume 80% control of the company.&nbsp; USARE is forming a private LLC called Round Top to start exploiting the Texas claim.&nbsp; Texas Mineral will maintain a 20% interest in the project and will help develop it, while shifting other resources to explore a rare earths claim in New Mexico and experiment with processing rare earths from coal.I assume that USARE is still planning on going public later this year and I'm keeping a close watch on it.&nbsp; I would hope that USARE would also purchase controlling interest in REEMF but they may be thinking that that would leverage them a little too much.&nbsp; If they do acquire REEMF that will give them two rare earths mines and would make them a major player in rare earths in the US, assuming both mines are rich in ore.&nbsp; If USARE goes public, I assume they would eventually subsume Texas Mineral and convert their stock to USARE stock.</blockquote>

[QUOTE="C-Note, post: 1477297, member: 9873"] Fairly big announcement this morning. USA Rare Earths (USARE) is purchasing enough stock in Texas Mineral Resources to assume 80% control of the company. USARE is forming a private LLC called Round Top to start exploiting the Texas claim. Texas Mineral will maintain a 20% interest in the project and will help develop it, while shifting other resources to explore a rare earths claim in New Mexico and experiment with processing rare earths from coal. I assume that USARE is still planning on going public later this year and I'm keeping a close watch on it. I would hope that USARE would also purchase controlling interest in REEMF but they may be thinking that that would leverage them a little too much. If they do acquire REEMF that will give them two rare earths mines and would make them a major player in rare earths in the US, assuming both mines are rich in ore. If USARE goes public, I assume they would eventually subsume Texas Mineral and convert their stock to USARE stock. [/QUOTE]

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