Texas Mineral Resources Corp. announced that the Navajo Transitional Energy Company (NTEC), a company formed under the laws of the Navajo Nation, has concluded a strategic transaction whereby NTEC has purchased a total of 5,111,626 newly issued TMRC shares at a price of $0.36 per share for a total of approximately $1.84 million of additional capital into TMRC. Concurrent with the transactions, TMRC has expanded its board from five to seven members and has granted NTEC the right to appoint two board members. NTEC intends to nominate one of its current Management Committee members, Peter Denetclaw, and its CEO, Clark Moseley, to serve on TMRC’s board.