Welcome to our dedicated page for Tactical news (Ticker: USREF), a resource for investors and traders seeking the latest updates and insights on Tactical stock.
Tactical Resources Corp (USREF) generates news that centers on its role as a mineral exploration and development company focused on U.S.-made rare earth elements. Company announcements repeatedly highlight its flagship Peak Project in Texas, its development work on rare earth extraction and processing, and its efforts to participate in the U.S. critical minerals and national defense supply chain. Investors following USREF news can expect updates that connect project-level progress with broader policy and market dynamics in the rare earth elements sector.
A major theme in Tactical Resources’ news flow is its proposed business combination with Plum Acquisition Corp. III, a special purpose acquisition company. The company has reported on the signing and amendment of the business combination agreement, the filing and effectiveness of a Form F-4 registration statement with the U.S. Securities and Exchange Commission, and the scheduling of shareholder and stockholder meetings to vote on the transaction. News items also describe how the combined company, referred to as Pubco, is expected to list on Nasdaq if the transaction closes, and how Tactical Resources would continue as a subsidiary holding the Peak Project and related rare earth assets.
Another recurring topic in Tactical Resources’ news is project and technical progress at the Peak Project. The company has issued updates on Phase 1 technical work, including bench-scale and vat-leach testing, permeability testing and development of a GeoMetallurgical database. It has also discussed the potential advantages of its direct-to-leach extraction process and the strategic significance of its rights to REE-enriched tailings and existing infrastructure at an operational Texas mine.
Capital markets and financing developments feature prominently as well. Tactical Resources has announced a financing package with Yorkville Advisors Global, LP, combining convertible debt and a standby equity purchase agreement, which it describes as supporting both the proposed business combination and acceleration of project development. The company has also reported on a planned share consolidation to help meet Nasdaq listing standards and on intended amendments to consulting agreements tied to a listing transaction.
For readers tracking USREF, this news page provides a stream of company-issued updates on corporate transactions, financing arrangements, technical milestones at the Peak Project, policy and government relations efforts and other disclosures that Tactical Resources views as material to its rare earth elements development strategy.
Tactical Resources (OTC:USREF / TSX.V:RARE) announced a non-brokered private placement to issue up to 214,285 common shares at $6.30 per share for gross proceeds of up to $1,350,000. The company said net proceeds will be used for working capital and general corporate purposes. The Offering may be increased or decreased under TSX Venture policies, may close in one or more tranches, and is subject to regulatory and Exchange approvals. Securities will carry a statutory hold period of four months plus one day. The Offering is not being distributed in the United States and will not be registered under the U.S. Securities Act. The company intends to close the Offering imminently.
Tactical Resources (OTC: USREF) announced a 5-for-1 share consolidation effective December 5, 2025 to help the combined issuer meet Nasdaq listing standards in connection with its planned business combination with Plum Acquisition Corp. III. The TSX Venture Exchange approved the consolidation by board resolution and the company expects approximately 7,345,379 post-consolidation shares outstanding, subject to fractional-share treatment.
No fractional shares will be issued; fractions <0.5 will be cancelled and fractions ≥0.5 rounded up. The consolidation will not change shareholders' proportional ownership or consideration in the Business Combination. New post-consolidation CUSIP: 87357T300; ISIN: CA87357T3001. The Business Combination remains subject to shareholder, court, exchange and customary approvals.
Tactical Resources (TSX.V:RARE)(OTC:USREF) announced that the Form F-4 Registration Statement for its proposed business combination with Plum Acquisition Corp. III (OTC:PLMJF) was declared effective by the SEC on December 1, 2025. Key shareholder meetings are scheduled: Tactical Resources annual and special meeting on December 16, 2025 and Plum special meeting on December 22, 2025. Upon closing, the combined company is expected to operate as Tactical Resources Corp and list common shares on Nasdaq. The company says it will advance its Peak Project in West Texas, leverage a permitted site with 20+ years operational history, continue metallurgical pilot testing, and deploy recently secured financing to accelerate development.
Tactical Resources (OTC:USREF) announced a financing package totaling US$140 million to accelerate near-term US supply of rare earth elements and support its business combination with Plum Acquisition Corp. III, targeting a Nasdaq listing for the combined company ("PubCo") expected in Q4 2025. The package includes up to US$40 million convertible debt and a US$100 million standby equity purchase agreement available over 36 months. At closing, US$7.5 million will be advanced via a convertible note; Yorkville may provide additional advances subject to conditions. Notes bear 5% interest and mature in 12 months. Tactical cites substantial tailings inventory in Texas as near-term potential feedstock and collateral for financing alternatives.
Tactical Resources (OTC:USREF) provided a business update ahead of an anticipated Nasdaq listing following a planned business combination with Plum Acquisition Corp. III.
Key progress includes a registration statement under regulatory review, customary closing conditions advancing, engagement with a Washington, D.C. policy firm, and updated corporate presentation materials. The company plans Phase 1 demonstration plant work, further direct‑to‑leach extraction assessments, and talks on potential offtake and non‑dilutive funding after closing.
Market context cites China export controls on Oct 9, 2025 and strong REE equity performance (REMX +85.76% YTD as of Oct 8, 2025).
Tactical Resources (TSXV:RARE)(OTC:USREF) has executed a third amendment to its business combination agreement with Plum Acquisition Corp. III (OTC:PLMJF). The amendment modifies the terms of their previously announced merger that will create a new Nasdaq-listed public company.
Key changes include: 80-85% of shares issued to Tactical Resources shareholders will be subject to a 6-month lock-up period, key securityholders have entered into lock-up agreements, and the completion deadline has been extended to July 30, 2026. The transaction is expected to close in Q4 2025, pending shareholder, regulatory, and court approvals.
The amendment received unanimous approval from the board's disinterested members following recommendation from the Special Committee, supported by Evans & Evans, Inc.'s updated fairness opinion.
Tactical Resources Corp. (TSXV:RARE)(OTC PINK:USREF) announced that its President and Executive Chairman, Jeet Basi, will participate in a UBS conference call on May 30, 2025, at 11:00 AM ET. The call, hosted by UBS analyst Jon Windham, will focus on Tactical Resources and the domestic rare earths supply chain in the United States, followed by a Q&A session.
The company also provided background on its pending business combination agreement with Plum Acquisition Corp. III (NASDAQ:PLMJ), announced on August 23, 2024. The merger is expected to complete in the second half of 2025, after which Tactical Resources plans to list on Nasdaq.
Tactical Resources (TSXV: RARE | OTC: USREF), a rare earth elements (REEs) exploration company, highlights its transformative 2024 achievements. The company announced a proposed business combination with Plum Acquisition Corp. III, setting the stage for a Nasdaq listing expected to close in H1 2025. The deal aims to provide growth capital for accelerating production at their flagship Peak Project in Texas.
The Peak Project, located near El Paso, is positioned as one of few direct-leach-extractable REE initiatives globally. The company completed key Phase 1 technical work, including bench-scale and vat-leach testing. The project's strategic importance is heightened by China's recent export restrictions on critical minerals.
Through partnership with Sierra Blanca Quarry, Tactical Resources has secured key upstream operational permits and access to REEs-enriched tailings, positioning it to support U.S. critical mineral needs and defense objectives.
Tactical Resources Corp (TSX.V: RARE | OTC: USREF) has announced amendments to its business combination agreement with Plum Acquisition Corp. III. Key changes include: Plum will list its securities on OTC Markets following Nasdaq delisting on January 27, 2025; extension of the business combination deadline from January 30, 2025 to July 30, 2025; and removal of the $5,000,001 net tangible assets requirement. The amendment requires Plum to maintain OTC Markets listing compliance and facilitate the delisting of securities upon completion of the amalgamation.
A registration statement on Form F-4 has been filed with the SEC containing the preliminary proxy statement/prospectus for the proposed business combination.
Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) announces plans to amend consulting agreements with key personnel, including its CEO and CFO. These agreements, which would activate after listing on NYSE or Nasdaq through the planned business combination with Plum Acquisition Corp. III, currently include milestone-based bonuses. The company aims to restructure these bonuses to reduce the total payable amount. The revised structure will replace current bonuses with a reduced payment, settled through company shares upon filing an F-4 registration statement. These shares would be subject to forfeiture if the business combination fails to complete.
The company focuses on U.S.-made rare earth elements used in semiconductors, electric vehicles, robotics, and national defense.FAQ
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