If you’re an investor and want to diversify your portfolio and profit from the rare minerals boom due to its increase in demand all over the world, there are many ways you can do that. One way is to buy shares of Texas Mineral Resources. But is TRMC a good buy? Continue reading to find out more about this company.

What’s Texas Mineral Resources?

Texas Mineral Resources is a company founded in 1970 and located in Round Top Mountain, near Sierra Blanca in Hudspeth County, Texas. They specialize in acquiring, exploring, and developing mineral properties.

This company is managed by experts in geology, mining, finance metallurgy, industrial and chemical processing. Texas Mineral Resources also aims to extract thorium, beryllium, and uranium and mine yttrium and dysprosium. 

The mine operates in 950 acres of 19-year renewable leases granted from the state of Texas with a prospect of an extension of 9,345 acres of land encompassing the area. 

Daniel Gorski is the Chief Executive Officer, and Anthony Marchese is the Chairman. The board of directors includes Peter Denetclaw, Clark Mosely, Nicholas Pingitore, Cecil C. Wall and Kevin Francis.

What Are Rare Earths?

Also known as lanthanides, rare earths can be defined as a group of 15 elements present in the periodic table with similar chemical properties. They have many uses in modern-day society, such as loudspeakers and computer hard drivers, telescope lenses, GPS devices, jet engines, MRI machines, aircraft, weapons, and batteries. 

However, the exploration of rare earths is tough because they’re frequently bonded with other foreign substances, meaning that they should be isolated from them, this process is demanding and expensive.

These are the elements that are classified as rare earths: Scandium (Sc), Yttrium (Y), Lanthanum (La), Cerium (Ce), Praseodymium (Pr), Neodymium (Nd), Prometheium (Pm), Samarium (Sm), Europium (Eu), Gadolinium (Gd), Terbium (Tb), Dysprosium (Dy), Holmium (Ho), Erbium (Er), Thulium (Tm), Ytterbium (Yb) and Lutetium (Lu).

Currently, 95% of Rare Earth elements are produced in China, which has brought a concern to the rest of the world since China has been restraining the production and export of these essential elements in the last few years. But many countries are seeking a way to change this scenario and invest in rare earths extraction and mining.

Quick Facts about TMRC:

• Currently, TMRC does not pay dividends, therefore it does not have a dividend yield.
• The next financial results will be released on 2021-11-30.
• The major shareholders include two companies Navajo Transitional Energy Company LLC, Roseland Enterprises, LTD, two individual investors, and a hedge fund called SC Fundamental.
• As of 04/13/2021, shares in TMRC are trading at $2.80.

How do I buy Texas Mineral Resources shares?

In order to buy Texas Mineral Resources shares, you will need to open an account with a stockbroker online or offline. Opening an account usually takes less than 15 minutes. After you’ve submitted your information and the account is open, you will need to initiate a deposit or funds transfer. Once that is done, and your account has funds, you can begin buying shares and start investing.