Current Report · Items 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01 · 8-K
DyTb, LLC
Termination of a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Material Modification to Rights of Security Holders · Changes in Control of Registrant · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other Events
Item 1.02. Termination of a Material Definitive Agreement. In November 2021, TMRC entered into a mineral exploration and option agreement with Santa Fe Gold Corporation (“Santa Fe”), which agreement was amended in May 2024 (the “Santa Fe Option Agreement”).…
Filed Aug 14, 2026Accepted Aug 13, 2026, 5:35 PM EDTCIK 1445942Accession 0001213900-26-089281
Company context
TMRC’s 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 18.6% 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.”
Historical securities (1)
Disclosure sections
Items 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.02Item 1.02 - Termination of Material Agreement
Item 1.02.
Termination of a Material Definitive Agreement.
In November 2021, TMRC entered into a mineral
exploration and option agreement with Santa Fe Gold Corporation (“Santa Fe”), which agreement was amended in May 2024
(the “Santa Fe Option Agreement”). Under the option agreement, TMRC had the right to pursue a joint venture arrangement with
Santa Fe to jointly explore and develop one or more target silver properties to be selected by TMRC among patented and unpatented mining
claims held by Santa Fe within the project area located in the Black Hawk Mining District in Grant County, New Mexico. Completion of a
joint venture agreement, if any, was to be subject to the successful outcome of a multi-phase exploration plan leading to a bankable
feasibility study planned to be undertaken in the near future by TMRC. Under the contemplated terms of the proposed joint venture agreement,
TMRC was to be project operator and initially own 50.5% of the joint venture while Santa Fe would initially own 49.5%. Additional terms
of the joint venture were to be negotiated between TMRC and Santa Fe in the future.
In connection with the Mergers, the Santa Fe Option Agreement was terminated
effective as of August 7, 2026
Item 2.01Item 2.01 - Completion of Acquisition
Item 2.01.
Completion of Acquisition or Disposition of Assets.
The information set forth in the Introductory
Note of this Current Report on Form 8-K is incorporated by reference into this Item 2.01.
Pursuant to the Merger Agreement, at the effective
time of the First Merger, each share of common stock, par value $0.01 per share, of TMRC issued and outstanding immediately prior to such
time (excluding shares owned by USAR, TMRC or their respective wholly owned subsidiaries) was converted into the right to receive that
portion of a validly issued, fully paid and nonassessable share of common stock, par value $0.0001 per share, of USAR (“USAR Common
Stock”) equal to the quotient obtained by dividing (a) 3,823,328 by (b) the aggregate number of shares of TMRC common stock outstanding
on a fully diluted basis at the effective time, resulting in a final exchange ratio of 0.043279843 of a share of USAR Common Stock for
each share of TMRC common stock (based on 88,339,693 shares of TMRC common stock outstanding on a fully diluted basis at the effective
time). Holders of TMRC common stock otherwise entitled to a fractional share of USAR Common Stock became entitled to receive cash in lieu
of such fractional share.
The issuance of shares of USAR Common Stock to
the former stockholders of TMRC was registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant
to a registration statement on Form S-4 (File No. 333-295838), as amended, filed by USAR with the Securities and Exchange Commission (the
“SEC”) and declared effective on June 29, 2026. The proxy statement/prospectus included in the registration statement contains
additional information about the Mergers, the Merger Agreement and the transactions contemplated thereby.
The foregoing description of the Merger Agreement
does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which was previously filed as Exhibit
2.1 to TMRC’s Current Report on Form 8-K filed with the SEC on March 5, 2026, and is incorporated herein by reference.
Item 3.03Item 3.03 - Material Modification to Rights
Item 3.03.
Material Modification to Rights of Security Holders.
As of the Effective Time, each holder of any shares
of common stock of TMRC ceased to have any rights with respect thereto, except the right to receive the consideration as described above
and subject to the terms and conditions set forth in the Merger Agreement.
The information set forth in the Introductory
Note, Item 2.01 and Item 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
Item 5.01Item 5.01 - Changes in Control
Item 5.01.
Changes in Control of Registrant.
The information set forth in the Introductory
Note, Item 2.01 and Item 5.02 of this Current Report on Form 8-K is incorporated by reference into this Item 5.01.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The information set forth in the Introductory
Note and in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.02.
As of the Effective Time, and pursuant to the
terms of the Merger Agreement, TMRC’s directors and executive officers ceased serving as directors and executive officers of TMRC.
Immediately following the Second Merger, Valerie Ford Jacob replaced David Kronenfeld as the President, Treasurer, and Secretary of the
Company.
No director or executive officer of TMRC or the
Company resigned as a result of any disagreement with TMRC or the Company on any matter relating to TMRC’s or the Company’s
operations, policies or practices.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The information set forth in the Introductory
Note and in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.
At the Effective Time, the certificate of incorporation
of TMRC was amended and restated in its entirety to be in the form filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated
herein by reference and the bylaws of TMRC were amended and restated in their entirety to be in the form filed as Exhibit 3.2 to this
Current Report on Form 8-K and incorporated herein by reference. Subsequently, at the effective time of the Second Merger, TMRC’s
certificate of incorporation and bylaws ceased to be in effect by operation of law and the organizational documents of DyTb, LLC (as successor
to the Company by operation of law), the Amended and Restated Certificate of Formation of DyTb, LLC, and the Limited Liability Company
Agreement of DyTb, LLC, became the organizational documents of the Company. Copies of the Amended and Restated Certificate of Formation
of DyTb, LLC and the Limited Liability Company Agreement of DyTb, LLC are filed as Exhibits 3.3 and 3.4 to this Current Report on Form
8-K and are incorporated herein by reference.
Item 8.01. Other Events.
Prior to the Effective Time, shares of common
stock of TMRC were quoted on the OTCQB Venture Market (“OTCQB”). The Company has notified the Financial Industry Regulatory
Authority that the Merger had been completed and the common stock of TMRC has been withdrawn from OTCQB.
Additionally, the Company, as successor to TMRC,
intends to file with the SEC a certification on Form 15 requesting the deregistration of TMRC’s common stock under Section 12(g)
of the Exchange Act and the suspension of the Company’s reporting obligations under Sections 13 and 15(d) of the Exchange Act as
promptly as practicable.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
Prior to the Effective Time, shares of common
stock of TMRC were quoted on the OTCQB Venture Market (“OTCQB”). The Company has notified the Financial Industry Regulatory
Authority that the Merger had been completed and the common stock of TMRC has been withdrawn from OTCQB.
Additionally, the Company, as successor to TMRC,
intends to file with the SEC a certification on Form 15 requesting the deregistration of TMRC’s common stock under Section 12(g)
of the Exchange Act and the suspension of the Company’s reporting obligations under Sections 13 and 15(d) of the Exchange Act as
promptly as practicable.