TMRC 8-K
DyTb, LLC (TMRC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
Resignation of a Director
On May 7, 2025, Kevin Francis informed Texas Mineral Resources Corp. (“Company”) of his decision to resign as a director, effective that date. In connection with Mr. Francis’ resignation as a director, Mr. Francis also resigned as a member of the compensation committee. Mr. Francis had no disagreement with the Company on any matter relating to its operations, policies or practices. The Company is grateful for, and appreciative of, Mr. Francis’ service as a director, as well as his serving on the compensation committee.
Appointment of New Director to Fill a Vacancy
Effective May 8, 2025, Jonathan Beigle, age 42, was appointed and elected a director by the unanimous vote of the members of the board of directors (“Board”) of the Company to fill the vacancy created by the resignation of Mr. Francis, to serve until the next annual meeting and until his successor is duly elected and qualified. Mr. Beigle was also appointed to serve on the Company’s Audit Committee. Mr. Beigle is a senior executive with more than 20 years of experience working in various leadership roles across the metals and mining industry. Since 2020, Mr. Beigle has served as director, president and chief executive officer of Ridgeline Royalties Incorporated (“Ridgeline”), a leading source of royalty and stream financing for miners that supply the clean energy marketplace. Prior to founding Ridgeline, Mr. Beigle was a part of Newmont Corporation’s (NYSE: NEM) award-winning investor relations team from 2018 through 2020. From 2004 until 2016, Mr. Beigle was a mining analyst at Manning & Napier Advisors, an institutional investment firm in Fairport, NY. Mr. Beigle’s past board experience includes service on the board of directors (2020-2024) of the Rocky Mountain Chapter of the National Investor Relations Institute and as a member of the Finance Strategic Committee (2018-2021) for the Society for Mining, Metallurgy and Exploration. Mr. Beigle has a Master of Science degree in mining engineering and management from the South Dakota School of Mines and a Bachelor of Science degree in business with a specialization in finance from Liberty University. Mr. Beigle is a CFA® charterholder. The Company believes that Mr. Beigle’s extensive business experience in the metals and mining industry qualifies him to serve on the Board.
It is expected that Mr. Beigle will be entitled to customary compensation for serving as a Board member (and audit committee member) consistent with the current compensation practices of the Board.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit Number |
Description | |
| 99.1 | Press Release dated May 9, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned thereunto duly authorized.
| TEXAS MINERAL RESOURCES CORP. | ||
| Date: May 8, 2025 | By: | /s/ Wm. Chris Mathers |
| Name: Wm. Chris Mathers | ||
| Title: Chief Financial Officer | ||
Texas Mineral Resources Corp. 8-K
Exhibit 99.1
Texas Mineral Resources Announces Appointment Of Jonathan Beigle To Board Of Directors
SIERRA BLANCA, TX— (GlobeNewswire- May 9, 2025) – Texas Mineral Resources Corp. (OTCQB: TMRC)
Texas Mineral Resources Corp. (“TMRC” or the “Company”) is pleased to announce the appointment of Jonathan Beigle to the TMRC Board of Directors, effective May 8, 2025. Mr. Beigle will serve as a member of the Audit Committee of the Board. Following the appointment of Mr. Beigle, the Board will be comprised of six directors, five of whom are independent.
“We are pleased to welcome Jonathan Beigle to the TMRC Board,” said Anthony Marchese, chairman. “Jonathan’s deep experience in precious and critical metals mining will be invaluable to TMRC as we grow our business.”
Mr. Beigle is a senior executive with more than 20 years of experience working in various leadership roles across the metals and mining industry. Since 2020, Mr. Beigle has served as director, president and chief executive officer of Ridgeline Royalties Incorporated (“Ridgeline”), a leading source of royalty and stream financing for miners that supply the clean energy marketplace. Prior to founding Ridgeline, Mr. Beigle was a part of Newmont Corporation’s (NYSE: NEM) award-winning investor relations team from 2018 through 2020. From 2004 until 2016, Mr. Beigle was a mining analyst at Manning & Napier Advisors, an institutional investment firm in Fairport, NY. Mr. Beigle’s past board experience includes service on the board of directors (2020-2024) of the Rocky Mountain Chapter of the National Investor Relations Institute and as a member of the Finance Strategic Committee (2018-2021) for the Society for Mining, Metallurgy and Exploration. Mr. Beigle has a Master of Science degree in mining engineering and management from the South Dakota School of Mines and a Bachelor of Science degree in business with a specialization in finance from Liberty University. Mr. Beigle is a CFA® charterholder.
Texas Mineral Resources also announces the resignation of Kevin Francis from the Board for personal reasons. TMRC thanks Kevin for his service and insight during his tenure.
About Texas Mineral Resources Corp.
Our primary focus is to pursue the development and commercialization, along with our joint venture operating partner, of the Round Top heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas, eighty-five miles southeast of El Paso, in which TMRC currently owns an approximate 19.3% interest. Additionally, the Company is pursuing other potential domestic mining opportunities, primarily gold and silver. The Company’s common stock trades on the OTCQB U.S. tier under the symbol “TMRC.”
Company Contact:
Texas Mineral Resources Corp.
Anthony Marchese, Chairman
E-mail: [email protected]
Twitter: @TexasMineralRes