Strengthening Financial Strategy for Mineral Exploration in Texas
First Metals Texas, LP, managed by Rare Element Partners, LLC, has engaged Projects RH Americas to prepare capital raising materials and introduce leading capital advisers for a USD 40 million funding round. This initiative will support an ambitious exploration and drilling program in the Terlingua Mining District, Brewster County, Texas, targeting gold, silver, cobalt, and rare earth elements.
Investment Opportunity
- USD 40M for 70% of the company, structured as Limited Partner interests
- Targeting multi-metal discoveries in a historically productive mining district
- Goal to exit at over USD 400M through asset sale, joint venture, or IPO
Project Overview
Texas First Metals aims to secure the majority of mineral rights in the Terlingua Mining District, developing district-wide datasets and drilling the highest-probability prospects. The exploration program will utilize modern geophysical, geochemical, and drilling techniques to unlock the region’s potential for gold and other valuable metals. The project is structured as a GP/LP, with Rare Element Partners as General Partner and new investors as Limited Partners
