SIERRA BLANCA, TX, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Texas Mineral Resources Corp. (OTCQB: TMRC) As announced in a joint press release, the proposed transaction values USA Rare Earth at a pro-forma enterprise value of $870 million and is expected to be completed in early 2025 TMRC currently owns approximately 19.3% of the Round Top Heavy-Mineral and Critical Minerals Project Texas Mineral Resources Corp. (“TMRC” or “Company”) announces that USA Rare Earth (“USARE”), the operating partner of Round Top Mountain Development, LLC (“Round Top”), has advised TMRC and announced that it plans to become a publicly traded company via a business combination with Inflection Point Acquisition Corp. II. Additional information about the proposed business combination, including a copy of the business combination agreement, is contained in the Form 8-K filed by IPXX with the US Securities and Exchange Commission (the “SEC”).