Texas ‘Round Top’ Mountain Rare Earth Mining Company Faces Fraud Allegations in Investor Lawsuit

Matt Stringer is a reporter for The Texan who writes about all things government, politics, and public policy. He graduated from Odessa College with an Associate Degree in Paralegal Studies and a Bachelor’s Degree in Management and Leadership. In his free time, you will find him in the great outdoors, usually in the Davis Mountains and Big Bend region of Southwest Texas.

Round Top Mountain in Hudspeth County. Photo courtesy of USA Rare Earth.

A lawsuit is underway in the Chancery Court of the State of Delaware by investors in USA Rare Earths (USARE) alleging the company was formed as part of a conspiracy to diminish the value of their investment in another company.

Those investors are suing the mining company for “breach of contract, breach of the duty of good faith and fair dealing, breach of fiduciary duty, negligent misrepresentation, and fraud.”

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Matt Stringer is a reporter for The Texan who writes about all things government, politics, and public policy. He graduated from Odessa College with an Associate Degree in Paralegal Studies and a Bachelor’s Degree in Management and Leadership. In his free time, you will find him in the great outdoors, usually in the Davis Mountains and Big Bend region of Southwest Texas.