Texas Mineral Resources acquires historic Carlisle mine in New Mexico
- Texas Mineral Resources Corp. acquired the Carlisle mine in New Mexico, consisting of 63 acres and four patented mining claims.
- The mine has a history of production that peaked during World War II when it was operational from 1942 to 1946.
- The acquisition positions TMRC to potentially explore the mine's untapped resources while facing inherent mining industry risks.
On December 3, 2024, Texas Mineral Resources Corp. (TMRC) announced the acquisition of the Carlisle mine, located in the Steeple Rock district of New Mexico. The property comprises four patented mining claims totaling sixty-three acres, with a history of production, having primarily extracted copper-lead-zinc during World War II from 1942 to 1946. Initially owned by the Carlisle Mining Co., the mine was notable for its historic 20-stamp mill that facilitated gold recovery through amalgamation. Despite previous interruptions, including a brief reopening during WWI, recent assessments revealed two to three potential targets for future exploration. TMRC's acquisition aims to revitalize the site and explore its previously untapped mining potential, guided by extensive historical records of past mining activity. This acquisition was facilitated through a non-interest-bearing $75,000 promissory note secured by the mine, demonstrating TMRC's commitment to advancing exploration efforts despite inherent industry risks. The successful takeover underscores the company's dedication to leveraging the mine's historical data for reinvigorated operations, aimed at meeting contemporary demands for base metals while navigating challenges attributed to fluctuating mineral prices and the complexities of mining operations.