Texas Mineral Resources, up > 50% this morning, is in the process of submitting a proposal to the U.S. Army on the cost of a pilot plant for hREOs.
The Army, through the Defense Production Act (Section 4533(a)(5)) of 8 September 1950, has agreed to fund at least one hREO project, and potentially more.
TMRC’s proposal to the Army is due on December 16.
For more information on Texas Mineral Resources, please refer to our Independent Economic Analysis of 24 June 2019.
