Form 8-K
8-K — DyTb, LLC
Accession: 0001213900-26-089281
Filed: 2026-08-14
Period: 2026-08-07
CIK: 0001445942
SIC: 1040 (GOLD & SILVER ORES)
Item: Termination of a Material Definitive Agreement
Item: Completion of Acquisition or Disposition of Assets
Item: Material Modifications to Rights of Security Holders
Item: Changes in Control of Registrant
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — ea0302066-8k_dytbllc.htm (Primary)
EX-3.1 — AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEXAS MINERALS RESOURCES CORP., ADOPTED IN CONNECTION WITH THE FIRST MERGER ON AUGUST 7, 2026 (ea030206601ex3-1.htm)
EX-3.2 — AMENDED AND RESTATED BYLAWS OF TEXAS MINERAL RESOURCES CORP., ADOPTED IN CONNECTION WITH THE FIRST MERGER ON AUGUST 7, 2026 (ea030206601ex3-2.htm)
EX-3.3 — AMENDED AND RESTATED CERTIFICATE OF FORMATION OF DYTB, LLC, ADOPTED IN CONNECTION WITH THE SECOND MERGER ON AUGUST 7, 2026 (ea030206601ex3-3.htm)
EX-3.4 — LIMITED LIABILITY COMPANY AGREEMENT OF DYTB, LLC (F/K/A HAMER MERGER SUB, LLC), DATED AS OF MARCH 2, 2026 (ea030206601ex3-4.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — CURRENT REPORT
8-K (Primary)
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION
13 OR 15(d) OF THE
SECURITIES EXCHANGE
ACT OF 1934
Date of Report (Date of
earliest event reported): August 7, 2026
DyTb, LLC
(Exact name of registrant as specified in its charter)
Delaware
0-53482
87-0294969
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
100 W. Airport Road
Stillwater, OK 74075
(Address of principal
executive offices, including zip code)
(813) 867-6155
(Registrant’s telephone
number, including area code)
TEXAS MINERAL RESOURCES
CORP.
527 21st Street #44
Galveston, TX 77550
(Former name or former
address, if changed since last report)
Securities registered pursuant to Section
12(b) of the Act: None
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Introductory Note
This Current Report on Form 8-K is being filed
in connection with the closing on August 7, 2026 (the “Closing Date”) of the transactions contemplated by that certain Agreement
and Plan of Merger, dated as of March 4, 2026 (the “Merger Agreement”), by and among Texas Mineral Resources Corp. (“TMRC”),
USA Rare Earth, Inc. (“USAR”), Hamer Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of USAR (“First
Merger Sub”), and DyTb, LLC (f/k/a Hamer Merger Sub, LLC), a Delaware limited liability company and a wholly owned subsidiary of
USAR (the “Company”).
Effective as of the Closing Date, USAR completed
its previously announced acquisition of TMRC, pursuant to the Merger Agreement. Pursuant to the Merger Agreement, (i) First Merger Sub
merged with and into TMRC, with TMRC continuing as the surviving corporation (the “First Merger”), and (ii) following the
First Merger, and as part of a single integrated transaction, TMRC merged with and into the Company, with the Company continuing as the
surviving entity under the name “DyTb, LLC” (the “Second Merger” and, together with the First Merger, the “Mergers”).
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 2.01. 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.
1
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 3.03. 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 5.01. 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 5.02. 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 5.03. 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.
2
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 9.01. Financial Statements and Exhibits
(c) Exhibits:
Exhibit
Description
2.1*
Agreement and Plan of Merger, dated March 4, 2026, by and among Texas Mineral Resources Corp., USA Rare Earth, Inc., Hamer Merger Sub, Inc., and Hamer Merger Sub, LLC (incorporated herein by reference to Exhibit 2.1 to TMRC’s Current Report on Form 8-K (File No. 0-53482), filed with the SEC on March 5, 2026).
3.1**
Amended and Restated Certificate of Incorporation of Texas Minerals Resources Corp., adopted in connection with the First Merger on August 7, 2026.
3.2**
Amended and Restated Bylaws of Texas Mineral Resources Corp., adopted in connection with the First Merger on August 7, 2026.
3.3**
Amended and Restated Certificate of Formation of DyTb, LLC, adopted in connection with the Second Merger on August 7, 2026.
3.4**
Limited Liability Company Agreement of DyTb, LLC (f/k/a Hamer Merger Sub, LLC), dated as of March 2, 2026.
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
* Certain
exhibits and schedules to this Exhibit have been omitted in accordance with Item 601(a)(5) of Regulation S-K. TMRC agrees to furnish
supplementally a copy of any omitted exhibit and schedule to the SEC upon its request.
** Filed
herewith.
3
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DyTb, LLC
Dated: August 13, 2026
By:
/s/ Valerie Ford Jacob
Name:
Valerie Ford Jacob
Title:
President, Treasurer and Secretary
4
EX-3.1 — AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEXAS MINERALS RESOURCES CORP., ADOPTED IN CONNECTION WITH THE FIRST MERGER ON AUGUST 7, 2026
EX-3.1
Filename: ea030206601ex3-1.htm · Sequence: 2
Exhibit 3.1
AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION
OF
TEXAS MINERAL RESOURCES
CORP.
FIRST: The name of the Corporation
(the “Corporation”) is
Texas Mineral Resources
Corp.
SECOND: The registered office
of the Corporation in the State of Delaware is located at 1521 Concord Pike, Suite 201 Wilmington DE 19803 New Castle County. The name
of its registered agent in the State of Delaware at such address is Corporate Creations Network Inc.
THIRD: The purpose of the Corporation
is to engage, directly or indirectly, in any lawful act or activity for which corporations may be organized under the DGCL.
FOURTH: The total authorized
capital stock of the Corporation shall be 100 shares of common stock, $0.01 par value per share.
FIFTH: The business of the Corporation
shall be managed under the direction of the Board of Directors of the Corporation (the “Board of Directors”) except
as otherwise provided by law. The number of directors of the Corporation shall be fixed from time to time by, or in the manner provided
in, the By-Laws of the Corporation (the “By-Laws”). Election of directors need not be by written ballot unless the
By-Laws shall so provide.
SIXTH: The Board of Directors
may make, alter or repeal the By-Laws except as otherwise provided in the By-Laws adopted by the Corporation’s stockholders.
SEVENTH: The directors shall
be protected from personal liability, through indemnification or otherwise, to the fullest extent permitted under the DGCL.
A director shall under no circumstances
have any personal liability to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director except
for those breaches and acts or omissions with respect to which the DGCL expressly provides that this provision shall not eliminate or
limit such personal liability of directors. Neither the modification or repeal of this paragraph 1 of Article SEVENTH nor any amendment
to the DGCL that does not have retroactive application shall limit the right of the directors hereunder to exculpation from personal liability
for any act or omission occurring prior to such amendment, modification or repeal.
The Corporation shall indemnify
each director and officer of the Corporation (including the heirs, executors, administrators and other personal representatives of such
person) to the fullest extent permitted by applicable law, except as may be otherwise provided in the By-Laws, and in furtherance hereof
the Board of Directors is expressly authorized to amend the By-Laws from time to time to give full effect hereto, notwithstanding possible
self-interest of the directors in the action being taken. Neither the modification or repeal of this paragraph 2 of Article SEVENTH nor
any amendment to the DGCL that does not have retroactive application shall limit the right of the directors and the officers to indemnification
hereunder with respect to any act or omission occurring prior to such modification, amendment or repeal.
Expenses, including attorneys’
fees, judgments, fines and amounts paid in settlement, actually and reasonably incurred by any person who may have a right of indemnification
under this Article SEVENTH in defending any threatened, pending or completed suit, action or proceeding (whether civil, criminal, administrative
or investigative in nature or otherwise) may be paid by the Corporation in advance of the final disposition of such action, suit or proceeding
upon receipt of an undertaking by or on behalf of the director, officer, employee or agent defendant to repay such amount where the director,
officer, employee or agent defendant has been adjudged to have engaged in intentional acts of willful misconduct, acts or omissions not
in good faith, or acts or omissions which are knowing violations of law.
EIGHTH: The Corporation reserves
the right to amend, alter, change or repeal any provision contained in this Certificate of Incorporation in the manner now or hereafter
prescribed by statute, and all rights conferred herein upon the Corporation’s stockholders, directors and officers are granted subject
to this reservation.
*****
EX-3.2 — AMENDED AND RESTATED BYLAWS OF TEXAS MINERAL RESOURCES CORP., ADOPTED IN CONNECTION WITH THE FIRST MERGER ON AUGUST 7, 2026
EX-3.2
Filename: ea030206601ex3-2.htm · Sequence: 3
Exhibit 3.2
BY-LAWS
OF
HAMER MERGER SUB, INC.
(the “Corporation”)
ARTICLE
I
STOCKHOLDERS
Section 1.
Annual Meeting. The annual meeting of the stockholders of the Corporation (the “Stockholders”) shall
be held either within or without the State of Delaware, at such place as the board of directors of the Corporation (the “Board
of Directors”) may designate in the call or in a waiver of notice thereof, at such date and time as shall be designated from
time to time by the Board of Directors, for the purpose of electing directors and for the transaction of such other business as may properly
be brought before the meeting. Participation of one or more Stockholders by conference telephone or other communications equipment allowing
all persons participating in the meeting to hear each other at the same time shall constitute presence at a meeting.
Section 2.
Special Meetings. Special meetings of the Stockholders may be called by the Board of Directors or by the President, and
shall be called by the President or by the Secretary upon the written request of the holders of record of at least fifty percent (50%)
of the shares of stock of the Corporation, issued and outstanding and entitled to vote, at such times and at such place either within
or without the State of Delaware as may be stated in the call or in a waiver of notice thereof. Participation of one or more Stockholders
by telephone conference or other communications equipment allowing all persons participating in the meeting to hear each other at the
same time shall constitute presence at a meeting.
Section 3.
Notice of Meetings. Notice of the time, place and purpose of every meeting of Stockholders shall be delivered personally
or mailed not less than ten (10) days nor more than sixty (60) days previous thereto to each Stockholder of record entitled to vote, at
such Stockholder’s post office address appearing upon the records of the Corporation or at such other address as shall be furnished
in writing by him or her to the Corporation for such purpose. Such further notice shall be given as may be required by law or by these
by-laws (“By-Laws”). Any meeting may be held without notice if all Stockholders entitled to vote are present in person
or by proxy, or if notice is waived in writing, either before or after the meeting, by those not present.
Section 4.
Quorum. The holders of record of at least a majority of the shares of the stock of the Corporation, issued and outstanding
and entitled to vote, present in person or by proxy, shall, except as otherwise provided by law or by these By-Laws, constitute a quorum
at all meetings of the Stockholders; if there be no such quorum, the holders of a majority of such shares so present or represented may
adjourn the meeting from time to time until a quorum shall have been obtained.
Section 5.
Organization of Meetings. Meetings of the Stockholders shall be presided over by the Chairman of the Board, if there be
one, or if the Chairman of the Board is not present, by the President, or if the President is not present, by a chairman to be chosen
at the meeting. The Secretary of the Corporation, or in the Secretary of the Corporation’s absence, an Assistant Secretary, shall
act as Secretary of the meeting, if present.
Section 6.
Voting. At each meeting of Stockholders, except as otherwise provided by statute or the Certificate of Incorporation of
the Corporation (the “Certificate of Incorporation”), every holder of record of stock entitled to vote shall be entitled
to one vote in person or by proxy for each share of such stock standing in his or her name on the records of the Corporation. Elections
of directors shall be determined by a plurality of the votes cast and, except as otherwise provided by statute, the Certificate of Incorporation,
or these By-Laws, all other action shall be determined by a majority of the votes cast at such meeting. Each proxy to vote shall be in
writing and signed by the Stockholder or by such Stockholder’s duly authorized attorney.
At all elections of directors,
the voting shall be by ballot or in such other manner as may be determined by the Stockholders present in person or by proxy entitled
to vote at such election. With respect to any other matter presented to the Stockholders for their consideration at a meeting, any Stockholder
entitled to vote may, on any question, demand a vote by ballot.
A complete list of the Stockholders
entitled to vote at each such meeting, arranged in alphabetical order, with the address of each, and the number of shares registered in
the name of each Stockholder, shall be prepared by the Secretary and shall be open to the examination of any Stockholder, for any purpose
germane to the meeting, during ordinary business hours, for a period of at least ten (10) days prior to the meeting, either at a place
within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or, if not so specified,
at the place where the meeting is to be held. The list shall also be produced and kept at the time and place of the meeting during the
whole time thereof, and may be inspected by any Stockholder who is present.
Section 7.
Inspectors of Election. The Board of Directors in advance of any meeting of Stockholders may appoint one or more inspectors
of election (“Inspectors of Elections”) to act at the meeting or any adjournment thereof. If Inspectors of Election
are not so appointed, the chairman of the meeting may, and on the request of any Stockholder entitled to vote shall, appoint one or more
Inspectors of Election. Each Inspector of Election, before entering upon the discharge of his duties, shall take and sign an oath faithfully
to execute the duties of an Inspector of Election at such meeting with strict impartiality and according to the best of his or her ability.
If appointed, Inspectors of Election shall take charge of the polls and, when the vote is completed, shall make a certificate of the result
of the vote taken and of such other facts as may be required by law.
Section 8.
Action by Consent. Any action required or permitted to be taken at any meeting of Stockholders, including the annual meeting,
may be taken without a meeting, without prior notice and without a vote, if, prior to such action, a written consent or consents thereto,
setting forth such action, is signed by the holders of record of shares of the stock of the Corporation, issued and outstanding and entitled
to vote thereon, having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting
at which all shares entitled to vote thereon were present and voted.
2
ARTICLE
II
DIRECTORS
Section 1.
Number, Quorum, Term, Vote Required for Action, Vacancies, Removal. The Board of Directors shall consist of no less than
one (1) person. The number of directors shall initially be one (1) and thereafter may be changed by a resolution passed by a majority
of the whole Board of Directors or by a vote of the holders of record of at least a majority of the shares of stock of the Corporation,
issued and outstanding and entitled to vote.
A majority of the members of
the Board of Directors (or any committee thereof) (unless the number of directors then in office shall be one, in which case one director)
shall constitute a quorum for the transaction of business; provided, that if at any meeting of the Board of Directors there shall be less
than a quorum present, a majority of those present may adjourn the meeting from time to time until a quorum shall have been obtained.
Except as otherwise provided by the Certificate of Incorporation or by these By-Laws, the vote of a majority of the directors present
at a meeting at which a quorum is present shall constitute the act of the Board of Directors.
Directors shall hold office
until the next annual election and until their successors shall have been elected and shall have qualified, unless sooner displaced.
Whenever any vacancy shall have
occurred in the Board of Directors, by reason of death, resignation, or otherwise, other than removal of a director with or without cause
by a vote of the Stockholders, it shall be filled by a majority vote of the remaining directors, though less than a quorum (except as
otherwise provided by applicable law), or by the Stockholders, and the person so chosen shall hold office until the next annual election
and until a successor is duly elected and has qualified.
Any one or more of the directors
of the Corporation may be removed either with or without cause at any time by a vote of the holders of record of at least a majority of
the shares of stock of the Corporation, issued and outstanding and entitled to vote, and thereupon the term of the director or directors
who shall have been so removed shall forthwith terminate and there shall be a vacancy or vacancies in the Board of Directors, to be filled
by a vote of the Stockholders as provided in these By-Laws.
Section 2.
Meetings, Notice. Meetings of the Board of Directors shall be held at such place either within or without the State of Delaware,
as may from time to time be fixed by resolution of the Board of Directors, or as may be specified in the call or in a waiver of notice
thereof. Regular meetings of the Board of Directors shall be held at such times as may from time to time be fixed by resolution of the
Board of Directors, and special meetings may be held at any time upon the call of one director, the Chairman of the Board, if one be elected,
or the President, by oral, telegraphic or written notice, duly served on or sent or mailed to each director not less than two days before
such meeting. A meeting of the Board of Directors may be held without notice immediately after the annual meeting of Stockholders at the
same place at which such meeting was held. Notice need not be given of regular meetings of the Board of Directors. Any meeting may be
held without notice, if all directors are present, or if notice is waived in writing, either before or after the meeting, by those not
present. Participation of one or more directors by conference telephone or other communications equipment allowing all persons participating
in the meeting to hear each other at the same time shall constitute presence at a meeting.
3
Section 3.
Committees. The Board of Directors may, in its discretion, by resolution passed by a majority of the whole Board of Directors,
designate from among its members one or more committees which shall consist of one or more directors. The Board of Directors may designate
one or more directors as alternate members of any such committee, who may replace any absent or disqualified member at any meeting of
the committee. Such committees shall have and may exercise such powers as shall be conferred or authorized by the resolution appointing
them. A majority of any such committee may determine its action and fix the time and place of its meetings, unless the Board of Directors
shall otherwise provide. The Board of Directors shall have power at any time to change the membership of any such committee, to fill vacancies
in it, or to dissolve it.
Section 4.
Action by Consent. Any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee
thereof, may be taken without a meeting, if prior to such action a written consent or consents thereto is signed by all members of the
Board of Directors, or of such committee as the case may be, and such written consent or consents is filed with the minutes of proceedings
of the Board of Directors or committee, as applicable.
Section 5.
Compensation. The Board of Directors may determine, from time to time, the amount of compensation which shall be paid to
its members. The Board of Directors shall also have power, in its discretion, to allow a fixed sum and expenses for attendance at each
regular or special meeting of the Board of Directors, or of any committee of the Board of Directors. In addition, the Board of Directors
shall also have power, in its discretion, to provide for and pay to directors rendering services to the Corporation not ordinarily rendered
by directors, as such, special compensation appropriate to the value of such services, as determined by the Board of Directors from time
to time.
ARTICLE
III
OFFICERS
Section 1.
Titles and Election. The officers of the Corporation, who shall be chosen by the Board of Directors, shall be a President,
a Treasurer and a Secretary. The Board of Directors from time to time may elect a Chairman of the Board, one or more Vice Presidents,
Assistant Secretaries, Assistant Treasurers and such other officers and agents as it shall deem necessary, and may define their powers
and duties. Any number of offices may be held by the same person.
Section 2.
Terms of Office. Officers shall hold office until their successors are chosen and qualify.
Section 3.
Removal. Any officer may be removed, either with or without cause, at any time, by the affirmative vote of a majority of
the Board of Directors.
Section 4.
Resignations. Any officer may resign at any time by giving written notice to the Board of Directors or to the Secretary.
Such resignation shall take effect at the time specified therein, and, unless otherwise specified therein, the acceptance of such resignation
shall not be necessary to make it effective.
4
Section 5.
Vacancies. If the office of any officer or agent becomes vacant by reason of death, resignation, retirement, disqualification,
removal from office or otherwise, the Board of Directors may choose a successor, who shall hold office for the unexpired term in respect
of which such vacancy occurred.
Section 6.
Chairman of the Board. The Chairman of the Board of the Board of Directors (the “Chairman of the Board”),
if one be elected, shall preside at all meetings of the Board of Directors and of the Stockholders, and the Chairman of the Board shall
have and perform such other duties as from time to time may be assigned to the Chairman of the Board by the Board of Directors.
Section 7.
President. The President of the Corporation (the “President”) shall be the chief executive officer of
the Corporation and, in the absence of the Chairman of the Board, shall preside at all meetings of the Board of Directors, and of the
Stockholders. The President shall exercise the powers and perform the duties usual to the chief executive officer and, subject to the
control of the Board of Directors, shall have general management and control of the affairs and business of the Corporation; the President
shall appoint and discharge employees and agents of the Corporation (other than officers elected by the Board of Directors) and fix their
compensation; and the President shall see that all orders and resolutions of the Board of Directors are carried into effect. The President
shall have the power to execute bonds, mortgages and other contracts, agreements and instruments of the Corporation, and shall do and
perform such other duties as from time to time may be assigned to the President by the Board of Directors.
Section 8.
Vice Presidents. If chosen, the Vice Presidents of the Corporation (the “Vice President”), in the order
of their seniority, shall, in the absence or disability of the President, exercise all of the powers and duties of the President. The
Vice Presidents shall have the power to execute bonds, notes, mortgages and other contracts, agreements and instruments of the Corporation,
and shall do and perform such other duties incident to the office of Vice President and as the Board of Directors, or the President shall
direct.
Section 9.
Secretary. The Secretary of the Corporation (the “Secretary”) shall attend all sessions of the Board
of Directors and all meetings of the Stockholders and record all votes and the minutes of proceedings in a book to be kept for that purpose.
The Secretary shall give, or cause to be given, notice of all meetings of the Stockholders and of the Board of Directors, and shall perform
such other duties as may be prescribed by the Board of Directors. The Secretary shall affix the corporate seal to any instrument requiring
it, and when so affixed, it shall be attested by the signature of the Secretary or an Assistant Secretary or the Treasurer or an Assistant
Treasurer who may affix the seal to any such instrument in the event of the absence or disability of the Secretary. The Secretary shall
have custody of the stock records and all other books, records and papers of the Corporation (other than financial) and shall see that
all books, reports, statements, certificates and other documents and records required by law are properly kept and filed.
5
Section 10.
Treasurer. The Treasurer of the Corporation (the “Treasurer”) shall have the custody of the corporate
funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation and
shall deposit all moneys, and other valuable effects in the name and to the credit of the Corporation, in such depositories as may be
designated by the Board of Directors. The Treasurer shall disburse the funds of the Corporation as may be ordered by the Board of Directors,
taking proper vouchers for such disbursements, and shall render to the directors whenever they may require it, an account of all his or
her transactions as Treasurer and of the financial condition of the Corporation.
Section 11.
Duties of Officers may be Delegated. In case of the absence or disability of any officer of the Corporation, or for any
other reason that the Board of Directors may deem sufficient, the Board of Directors may delegate, for the time being, the powers or duties,
or any of them, of such officer to any other officer, or to any director.
ARTICLE
IV
INDEMNIFICATION
Section 1.
Actions by Others. The Corporation, to the fullest extent permitted by applicable law as it currently exists or may hereafter
be amended, (1) shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation)
by reason of the fact that he or she is or was a director or an officer of the Corporation and (2) may indemnify any person who was or
is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that he or she is or
was an employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee,
agent of or participant in another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’
fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action,
suit or proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best
interests of the Corporation, and with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct
was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere
or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person
reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding,
had reasonable cause to believe that his or her conduct was unlawful.
Section 2.
Actions by or in the Right of the Corporation. The Corporation, to the fullest extent permitted by applicable law as it
currently exists or may hereafter be amended, shall indemnify any person who was or is a party or is threatened to be made a party to
any threatened, pending or completed action or suit by or in the right of the Corporation to procure a judgment in its favor by reason
of the fact that he or she is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of
the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise
against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection with the defense or settlement
of such action or suit if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best
interests of the Corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such
person shall have been adjudged to be liable to the Corporation unless and only to the extent that the Delaware Court of Chancery or the
court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view
of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Delaware
Court of Chancery or such other court shall deem proper.
6
Section 3.
Successful Defense. To the extent that a person who is or was a director, officer, employee or agent of the Corporation
has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 1 or Section 2 of this
Article, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys’
fees) actually and reasonably incurred by him or her in connection therewith.
Section 4.
Specific Authorization. Any indemnification under Section 1 or Section 2 of this Article IV (unless ordered by a court)
shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of the present or former
director, officer, employee or agent is proper in the circumstances because such person has met the applicable standard of conduct set
forth in said Sections 1 and 2 of this Article IV. Such determination shall be made with respect to a person who is a director or officer
of the Corporation at the time of such determination, (1) by a majority vote of the directors who are not parties to such action, suit
or proceeding, even though less than a quorum, or (2) by a committee of such directors designated by majority vote of such directors,
even though less than a quorum, or (3) if there are no such directors, or if such directors so direct, by independent legal counsel in
a written opinion, or (4) by the Stockholders.
Section 5.
Advance of Expenses. Expenses (including attorneys’ fees) incurred by any person who may have a right of indemnification
under this Article IV in defending any civil, criminal, administrative or investigative action, suit or proceeding may be paid by the
Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such
director, officer, employee or agent to repay such amount if it shall ultimately be determined that he or she is not entitled to be indemnified
by the Corporation pursuant to this Article IV. Such expenses (including attorneys’ fees) incurred by former directors and officers
or other employees and agents of the Corporation or by persons serving at the request of the Corporation as directors, officers, employees
or agents of another corporation, partnership, joint venture, trust or other enterprise may be so paid upon such terms and conditions,
if any, as the Corporation deems appropriate.
Section 6.
Right of Indemnity not Exclusive. The indemnification and advancement of expenses provided by, or granted pursuant to, this
Article IV shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any by-law,
agreement, vote of Stockholders or disinterested directors or otherwise, both as to action in his or her official capacity and as to action
in another capacity while holding such office. A right to indemnification or to advancement of expenses arising under a provision of the
certificate of incorporation or a bylaw shall not be eliminated or impaired by an amendment to such provision after the occurrence of
the act or omission that is the subject of the civil, criminal, administrative or investigative action, suit or proceeding for which indemnification
or advancement of expenses is sought, unless the provision in effect at the time of such act or omission explicitly authorizes such elimination
or impairment after such action or omission has occurred. The indemnification and advancement of expenses provided by, or granted pursuant
to, this Article IV shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director,
officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.
7
Section 7.
Insurance. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer,
employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent
of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against him or her and incurred
by him or her in any such capacity, or arising out of such person’s status as such, whether or not the Corporation would have the
power to indemnify him or her against such liability under the provisions of this Article IV, Section 145 of the General Corporation Law
of the State of Delaware or otherwise.
Section 8.
Invalidity of any Provisions of this Article. The invalidity or unenforceability of any provision of this Article IV shall
not affect the validity or enforceability of the remaining provisions of this Article IV.
ARTICLE
V
CAPITAL STOCK
Section 1.
Certificated and Uncertificated Interests. The interest of each Stockholder may be evidenced by certificates for shares
of stock in such form as the Board of Directors may from time to time prescribe, or may be uncertificated, subject to the sole discretion
of the Board of Directors and the requirements of applicable law. The certificates of stock shall be signed by the President or a Vice
President and by the Secretary, or the Treasurer, or an Assistant Secretary, or an Assistant Treasurer, sealed with the seal of the Corporation
or a facsimile thereof, if any, and countersigned and registered in such manner, if any, as the Board of Directors may by resolution prescribe.
Where any such certificate is countersigned by a transfer agent other than the Corporation or its employee, or registered by a registrar
other than the Corporation or its employee, the signature of any such officer may be a facsimile signature. In case any officer or officers
who shall have signed, or whose facsimile signature or signatures shall have been used on, any such certificate or certificates shall
cease to be such officer or officers of the Corporation, whether because of death, resignation or otherwise, before such certificate or
certificates shall have been delivered by the Corporation, such certificate or certificates may nevertheless be adopted by the Corporation
and be issued and delivered as though the person or persons who signed such certificate or certificates or whose facsimile signature or
signatures shall have been used thereon had not ceased to be such officer or officers of the Corporation.
Section 2.
Transfer. The shares of stock of the Corporation shall be transferred only upon the books of the Corporation by the holder
thereof in person or by his or her attorney, and, if the shares of stock are certificated, upon surrender for cancellation of certificates
for the same number of shares, with an assignment and power of transfer endorsed thereon or attached thereto, duly executed, with such
proof of the authenticity of the signature as the Corporation or its agents may reasonably require.
8
Section 3.
Record Dates. The Board of Directors may fix in advance a date, not less than ten (10) nor more than sixty (60) days preceding
the date of any meeting of Stockholders, or the date for the payment of any dividend, or the date for the distribution or allotment of
any rights, or the date when any change, conversion or exchange of capital stock shall go into effect, as a record date for the determination
of the Stockholders entitled to notice of, and to vote at, any such meeting, or entitled to receive payment of any such dividend, or to
receive any distribution or allotment of such rights, or to exercise the rights in respect of any such change, conversion or exchange
of capital stock, and in such case only such Stockholders as shall be Stockholders of record on the date so fixed shall be entitled to
such notice of, and to vote at, such meeting, or to receive payment of such dividend, or to receive such distribution or allotment or
rights or to exercise such rights, as the case may be, notwithstanding any transfer of any stock on the books of the Corporation after
any such record date fixed as aforesaid.
Section 4.
Lost Certificates. In the event that any certificate of stock is lost, stolen, destroyed or mutilated, the Board of Directors
may authorize the issuance of a new certificate of the same tenor and for the same number of shares in lieu thereof. The Board of Directors
may in its discretion, before the issuance of such new certificate, require the owner of the lost, stolen, destroyed or mutilated certificate,
or the legal representative of the owner to make an affidavit or affirmation setting forth such facts as to the loss, destruction or mutilation
as it deems necessary, and to give the Corporation a bond in such reasonable sum as it directs to indemnify the Corporation.
ARTICLE
VI
CHECKS, NOTES, PROVISIONS
Section 1.
Checks, Notes, Etc. All checks and drafts on the Corporation’s bank accounts and all bills of exchange and promissory
notes, and all acceptances, obligations and other instruments for the payment of money, may be signed by any director of the Corporation,
the President, any Vice President or the Treasurer and may also be signed by such other officer or officers, agent or agents, as shall
be thereunto authorized from time to time by the Board of Directors.
ARTICLE
VII
MISCELLANEOUS PROVISIONS
Section 1.
Offices. The registered office of the Corporation shall be located at Corporate Creations Network Inc., 1521 Concord Pike,
Suite 201, Wilmington, Delaware, 19803 and Corporate Creations Network Inc. shall be the registered agent of this Corporation in charge
thereof. The Corporation may have other offices either within or without the State of Delaware at such places as shall be determined from
time to time by the Board of Directors or the business of the Corporation may require.
9
Section 2.
Fiscal Year. The fiscal year of the Corporation shall end on December 31st of each year.
Section 3.
Corporate Seal. The seal of the Corporation shall be circular in form and contain the name of the Corporation, and the year
and state of its incorporation. Such seal may be altered from time to time at the discretion of the Board of Directors.
Section 4.
Books. There shall be kept at such office of the Corporation as the Board of Directors shall determine, within or without
the State of Delaware, correct books and records of account of all its business and transactions, minutes of the proceedings of its Stockholders,
Board of Directors and committees, and the stock book, containing the names and addresses of the Stockholders, the number of shares held
by them, respectively, and the dates when they respectively became the owners of record thereof, and in which the transfer of stock shall
be registered, and such other books and records as the Board of Directors may from time to time determine.
Section 5.
Voting of Stock. Unless otherwise specifically authorized by the Board of Directors, all stock owned by the Corporation,
other than stock of the Corporation, shall be voted, in person or by proxy, by the President or any Vice President of the Corporation
on behalf of the Corporation.
ARTICLE
VIII
AMENDMENTS
Section 1.
Amendments. The vote of the holders of at least a majority of the shares of stock of the Corporation, issued and outstanding
and entitled to vote, shall be necessary at any meeting of Stockholders to amend or repeal these By-Laws or to adopt new by-laws. These
By-Laws may also be amended or repealed, or new by-laws adopted, at any meeting of the Board of Directors by the vote of at least a majority
of the entire Board of Directors; provided that any by-law adopted by the Board of Directors may be amended or repealed by the Stockholders
in the manner set forth above.
Any proposal to amend or repeal
these By-Laws or to adopt new by-laws shall be stated in the notice of the meeting of the Board of Directors or the Stockholders, or in
the waiver of notice thereof, as the case may be, unless all of the directors or the holders of record of all of the shares of stock of
the Corporation, issued and outstanding and entitled to vote, are present at such meeting.
* * *
10
EX-3.3 — AMENDED AND RESTATED CERTIFICATE OF FORMATION OF DYTB, LLC, ADOPTED IN CONNECTION WITH THE SECOND MERGER ON AUGUST 7, 2026
EX-3.3
Filename: ea030206601ex3-3.htm · Sequence: 4
Exhibit 3.3
AMENDED AND RESTATED
CERTIFICATE OF FORMATION
OF
DYTB, LLC
A DELAWARE LIMITED
LIABILITY COMPANY
1.
Name. The name of the limited liability company formed and continued hereby is DyTb, LLC (the “Company”).
2.
Registered Office and Registered Agent. The Company’s registered office in the State of Delaware is located
at 1521 Concord Pike, Suite 201, in the City of Wilmington, New Castle County, Delaware 19803. The registered agent of the Company for
service of process is Corporate Creations Network Inc. located at 1521 Concord Pike, Suite 201, in the City of Wilmington, New Castle
County, Delaware 19803.
*****
EX-3.4 — LIMITED LIABILITY COMPANY AGREEMENT OF DYTB, LLC (F/K/A HAMER MERGER SUB, LLC), DATED AS OF MARCH 2, 2026
EX-3.4
Filename: ea030206601ex3-4.htm · Sequence: 5
Exhibit 3.4
LIMITED LIABILITY COMPANY AGREEMENT
OF
HAMER MERGER SUB, LLC
This LIMITED LIABILITY COMPANY
AGREEMENT (this “Agreement”) of Hamer Merger Sub, LLC, a limited liability company organized under the laws of the
State of Delaware (the “Company”), dated as of March 2, 2026, is entered into by USA Rare Earth, Inc., a Delaware corporation
(the “Sole Member”).
W I T N E S S E T H:
WHEREAS, the Company was formed
on March 2, 2026, pursuant to the Delaware Limited Liability Company Act (6 Del. C. § 18-101, et seq.), as amended
from time to time (the “Act”), by filing with the Secretary of State of the State of Delaware the Certificate of Formation
of the Company in the form attached hereto as Exhibit A; and
WHEREAS, the Sole Member desires
to participate in such a limited liability company for the purpose of engaging in any act or activity for which limited liability companies
may be organized under the law, in accordance with the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration
of the mutual covenants and agreements herein contained, the parties hereto do hereby mutually covenant and agree as follows:
1.
Name. The name of the limited liability company is “Hamer Merger Sub, LLC”. All business of the Company shall
be conducted under such name.
2.
Purpose. The Company is organized for the purpose of engaging in any act or activity for which limited liability companies
may be organized under the Act, in accordance with this Agreement.
3.
Term. The term of the Company shall be perpetual, unless the Company is dissolved in accordance with the provisions of this
Agreement.
4.
Capital Contributions. The Sole Member’s membership interests in the Company shall be represented by one hundred (100)
membership units (each, a “Unit”). Such Units shall be uncertificated. The Sole Member shall not be required to make
any additional capital contribution to the Company without its consent. The Sole Member may make additional capital contributions to the
Company in its sole discretion.
5.
Member Managed. The right and power to manage and control the business and affairs of the Company shall be vested exclusively
in the Sole Member, and the Sole Member shall have the exclusive right and power, in the name of the Company, to perform all acts and
do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the Company.
6. Officers.
(a) Subject to the direction of the Sole Member, the day-to-day administration of the business of the Company shall be carried out
by persons who may be designated as officers (each an “Officer”) as and to the extent authorized by the Sole
Member. The Officers of the Company shall have such titles and powers and perform such duties as shall be determined from time to
time by the Sole Member and otherwise as shall customarily pertain to such offices or be determined from time to time by the Sole
Member. Any number of offices may be held by the same person.
(b) The
following persons shall be, and each of them hereby is, (i) appointed to serve as all of the Officers of the Company, to hold the office
set forth opposite their names until their successors shall have been duly elected or appointed and shall qualify, or as otherwise provided
in this Agreement; and (ii) approved by the Sole Member to act on behalf of the Company in accordance with Section 6(a):
David Kronenfeld
President, Treasurer, and Secretary
7.
Principal Place of Business; Registered Office and Agent. The Company may establish any place of business as the Sole Member
may from time to time deem advisable, which shall initially be Corporate Creations Network Inc., 100 West Airport Road, Stillwater, Oklahoma
74075. The initial address of the registered office of the Company in the State of Delaware is 1521 Concord Pike, Suite 201, Wilmington,
County of New Castle, Delaware 19803. Such registered office may be changed by the Sole Member.
8.
Dissolution. The Company shall dissolve, and its affairs shall be wound up upon the election by the Sole Member so to dissolve,
liquidate and terminate the Company. Notwithstanding anything to the contrary contained herein, the bankruptcy, liquidation, dissolution
or expulsion of the Sole Member, or the occurrence of any other event which terminates the continued membership of the Sole Member in
the Company, shall not cause the dissolution of the Company.
9.
Fiscal Year. The fiscal year of the Company shall be the calendar year, except for the short taxable years in the years
of the Company’s formation and termination and as otherwise required by the Internal Revenue Code of 1986, as amended.
10.
Distributions. Distributions shall be made to the Sole Member at the times and in the aggregate amounts determined by the
Sole Member in its sole discretion.
11.
Filings. (a) The Certificate of Formation was filed with the Secretary of State of the State of Delaware on March 2,
2026, by an “authorized person” within the meaning of the Act, and the Sole Member hereby ratifies, confirms and approves
such filing as the act of the Sole Member. The Sole Member shall use its commercially reasonable efforts to cause amendments to the Certificate
of Formation to be executed and filed whenever required by the Act.
(b) The
Sole Member shall use its commercially reasonable efforts to take such other actions as may be reasonably necessary to perfect and maintain
the status of the Company as a limited liability company under the laws of the State of Delaware.
-2-
(c) The
Sole Member shall cause the Company to be qualified, formed or registered under assumed or fictitious name statutes or similar laws in
any jurisdiction in which the Company transacts business in which such qualification, formation or registration is required or desirable.
The Sole Member shall cause the Company to execute, deliver and file any certificates (and any amendments and/or restatements thereof)
necessary for the Company to qualify to do business in a jurisdiction in which the Company may wish to conduct business.
12.
Limitation on Liability of the Sole Member. The Sole Member shall not be bound by, or be personally liable for, by reason
of being a manager or member of the Company, a judgment, decree or order of a court or in any other manner, for the expenses, liabilities
or obligations of the Company, and the liability of the Sole Member shall be limited solely to the amount of its capital contributions.
13.
Indemnification. (a) Notwithstanding any other terms of this Agreement, whether express or implied, or any obligation or
duty at law or in equity, neither the Sole Member nor any Officer or employee of the Company, and no shareholder, member, director, officer
or employee of its affiliates (each, a “Covered Person”) shall be liable to the Company for any act or omission (in
relation to the Company or this Agreement, any related document or any transaction contemplated hereby or thereby) taken or omitted in
good faith by a Covered Person and in the reasonable belief that such act or omission is in, or is not contrary to, the best interests
of the Company and is within the scope of authority granted to such Covered Person by this Agreement, unless such act or omission resulted
from fraud, bad faith or willful misconduct, by such Covered Person. Nothing herein shall constitute a waiver or limitation of any rights
which the Company may have under applicable securities laws or of any rights under other laws which may not be waived.
(b) To
the fullest extent permitted by applicable law, the Company shall indemnify and hold harmless each Covered Person from and against any
and all claims, liabilities, damages, losses, costs and expenses (including amounts paid in satisfaction of judgments, in compromises
and settlements, as fines and penalties and legal or other costs and reasonable expenses of investigating or defending against any claim
or alleged claim) of any nature whatsoever, known or unknown, liquidated or unliquidated, arising from any and all claims, demands, actions,
suits or proceedings, civil, criminal, administrative or investigative, in which the Covered Person may be involved, or threatened to
be involved, as a party or otherwise, by reason of its management of the affairs of the Company or which relates to or arises out of or
in connection with the Company, its property, its business or affairs, including its status as a member therein. A Covered Person shall
not be entitled to indemnification under this Section 13 with respect to any claim, issue or matter in which such Covered
Person has engaged in fraud, bad faith or willful misconduct, gross negligence, or a violation of applicable securities laws, except that
nothing herein shall constitute a waiver or limitation of any rights which the Company may have under applicable securities laws or of
rights under other laws which may not be waived. The termination of any action, suit or proceeding by judgment, order, settlement or upon
a plea of nolo contendere or its equivalent shall not of itself (except insofar as such judgment, order, settlement or plea shall itself
specifically provide) create a presumption that the Covered Person acted in bad faith or in a manner constituting gross negligence or
willful misconduct or materially breached this Agreement. To the fullest extent permitted by applicable law, expenses (including legal
fees) incurred by a Covered Person in defending any claim, demand, action, suit or proceeding may, with the approval of the Sole Member,
from time to time, be advanced by the Company prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt
by the Company of a written undertaking by or on behalf of the Covered Person to repay such amount if it shall be determined that the
Covered Person is not entitled to be indemnified as authorized in this Section 13.
-3-
(c) To
the extent that, at law or in equity, a Covered Person has duties (including fiduciary duties) and liabilities relating thereto to the
Company, such Covered Person acting under this Agreement shall not be liable to the Company for its good faith reliance on the provisions
of this Agreement or the advice of accountants and counsel. The provisions of this Agreement, to the extent that they expand or restrict
the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Sole Member to modify to that
extent such other duties and liabilities of such Covered Person.
(d) Except
as otherwise provided by the Act, or otherwise agreed in writing, the debts, liabilities and obligations of the Company, whether arising
in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Covered Person shall be
obligated personally for any such debt, liability or obligation of the Company solely by reason of being a Covered Person.
14.
Income Tax Classification. The Sole Member shall have authority to determine in its sole discretion the U.S. federal (and
applicable state and local) income tax classification of the Company, and shall in its sole discretion make (or cause to be made) any
election required to ensure that the Company is so classified. The Company’s books of account shall be maintained on a basis consistent
with such treatment. The Sole Member shall take (or cause to be taken) all actions, including the amendment of this Agreement and the
execution of other documents, as may be reasonably required in order for the Company to be so treated. For the avoidance of doubt, the
President shall be authorized to take any required actions at the direction of the Sole Member in connection with the foregoing.
15.
Governing Law. This Agreement, including its existence, validity, construction and operating effect shall be governed by
and construed in accordance with the laws of the State of Delaware, without regard to principles of conflicts of law. The Company is formed
as a limited liability company under the laws of the State of Delaware pursuant to the Act, and the rights and liabilities of the Sole
Member shall be as provided therein, except as herein otherwise expressly provided.
16.
Amendments. This Agreement may only be amended by a writing duly signed by the Company and the Sole Member.
17.
Successors and Assigns. This Agreement and all of the provision hereto shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and permitted assigns.
[Signature page follows]
-4-
IN WITNESS WHEREOF, the undersigned
have entered into this Agreement as of the day and year first above written.
USA RARE EARTH, INC.
By:
/s/ David Kronenfeld
Name:
David Kronenfeld
Title:
Authorized Signatory
[Signature Page to Hamer Merger Sub, LLC - Limited Liability Company
Agreement]
EXHIBIT A
CERTIFICATE OF FORMATION
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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
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Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
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X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressesLineItems
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Former Legal or Registered Name of an entity
+ References
No definition available.
+ Details
Name:
dei_EntityInformationFormerLegalOrRegisteredName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
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Period Type:
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X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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dei_EntityTaxIdentificationNumber
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
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Data Type:
xbrli:normalizedStringItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
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Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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dei_PreCommencementTenderOffer
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Details
Name:
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Namespace Prefix:
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