Source:SIERRA BLANCA, TX, Nov. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Texas Mineral Resources Corp. (OTCQB: TMRC), an exploration company targeting high value tech metals including rare earths and a large volume of a variety of other high-value elements and industrial minerals, is pleased to announce that it has reached a development and funding agreement for its flagship Round Top project with Morzev Pty Ltd., DBA USA Rare Earth (“USA Rare Earth”), a privately-held U.S. and Australian-based investment group.Under the terms of the Agreement, USA Rare Earth is required to expend up to...
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Source:Investing News NetworkA warning about magnets in toys this holiday season, despite years of lawsuits and recalls.Small rare-earth magnets are known for their super strength, and can cause serious gastrointestinal injuries when kids swallow them.Thousands of children have ended up in the emergency room after swallowing them, causing many magnetic toys to be recalled or even banned.Some of these cases have also ended up in court.Between 2006 and 2018, 10 lawsuits were filed against companies that used powerful small rare-earth magnets in their products.The first was filed by a California ...
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Source:Investing News NetworkThe agreement will see USA Rare Earth, a privately held US and Australian investment group, contribute up to $10 million towards the project through two tranches.The first, consisting of $2.5 million, will go towards finishing optimization of separation and purification processes for the different elements found in the deposit. The second tranche will entail USA Rare Earth spending $7.5 million to fund a bankable feasibility study (BFS).Once the BFS is complete, the firm will earn a 70-percent interest in Round Top, and will then gain the option to earn an extra 10...
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