USA Rare Earth LLC agreed to acquire 80% in Round Top project for $6.8 million on May 17, 2021. Consideration consist of cash to Texas Mineral Resources Corp. to continue to fund Round Top operations in the amount of approximately $3.8 million comprising the balance of the $10 million required expenditure to earn a 70% interest in the Company and cash in the amount of $3 million to TMRC upon exercise of the USARE option. USA Rare Earth raised$50m in a Series C funding round.