U.S. Rare Earths plans to acquire the remaining shares of the Round Top rare earth mine in Texas for $73 million
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格隆汇 March 5th｜The US Rare Earth Company announced that it will acquire the remaining minority stake in a rare earth mine in Texas through an all-stock transaction valued at $73 million, as part of its efforts to increase domestic production of critical minerals. The US Rare Earth Company will acquire all outstanding shares of Texas Mineral Resources Company with approximately 3.8 million shares of its common stock. This acquisition will make the US Rare Earth Company the sole operator of the Round Top project, which is said to be the richest heavy rare earth deposit known in North America.
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