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. reports company developments as a mineral exploration and development business focused on domestic rare earth elements. News about USREF centers on the Peak Rare Earth Project in Hudspeth County, Texas, access to processed tailings and crushed aggregate feedstock associated with the Sierra Blanca Quarry, and metallurgical processing work tied to rare earth development.
Recurring updates also cover private placements and other capital-structure actions, working-capital financing, material agreements, shareholder voting matters, governance matters, and operating and financial results. Corporate updates may include registration-statement and transaction-related disclosures, but the company's durable news profile remains anchored in rare earth project development and related financing activity.
Tactical Resources (OTC: USREF) has completed its business combination with Plum Acquisition Corp. III (OTC: PLMJF), creating a new parent entity referred to as New PubCo, renamed Tactical Resources Corp., with Tactical continuing as a wholly owned subsidiary.
New PubCo Common Shares are expected to list on the Nasdaq Capital Market under ticker “TREO”, with trading anticipated to begin on Tuesday, August 18. In connection with closing, each Tactical share was exchanged for approximately 4.45396581 New PubCo shares, with 37% of those subject to six‑month transfer restrictions.
New PubCo will implement a 4‑for‑1 share consolidation, reducing outstanding shares from about 54,448,135 to approximately 13,612,034, to satisfy Nasdaq listing requirements. Tactical also issued 920,147 shares at a deemed $2.30 to settle about $2,116,337 of indebtedness. Tactical and Plum securities are expected to be delisted from TSXV and OTC Markets on August 13, 2026. New PubCo appointed Man Ching (“Jenny”) Shen as Chief Financial Officer, effective at closing.
Tactical Resources (TSXV: RARE, OTC: USREF) announced the share exchange ratio for its previously disclosed business combination with Plum Acquisition Corp. III (OTC: PLMJF) under the August 22, 2024 business combination agreement, as amended. After a series of amalgamations, Tactical will become a wholly owned subsidiary of a new parent entity, New PubCo, which will be renamed “Tactical Resources Corp.”
The business combination is expected to close on July 28, 2026, with New PubCo common shares anticipated to trade on the Nasdaq Capital Market under the symbol “TREO”. Each Tactical common share will be exchanged for approximately 4.45396581 New PubCo common shares. Tactical previously completed a 5-for-1 share consolidation effective December 5, 2025 to support Nasdaq listing standards, and no additional consolidation is required.
No fractional New PubCo shares will be issued; amounts will be rounded down to the nearest whole share with no cash in lieu. Of the New PubCo shares issued to Tactical shareholders, 37% will be subject to a six‑month lock‑up after closing to help meet Nasdaq requirements, while 63% will be freely tradable upon issuance, subject to securities laws. Registered and beneficial shareholders are not required to take any action; new shares will be credited automatically per the exchange ratio.
Tactical Resources (TSXV:RARE, OTC:USREF)/b) and have received Nasdaq Listing Center approval for the common shares of their post‑combination parent entity (“New PubCo”) to trade on the Nasdaq Capital Market under the ticker symbol “TREO” after their business combination closes.
The Business Combination Agreement, dated August 22, 2024 and subsequently amended, involves Tactical, Plum, Plum III Amalco and Plum III Merger (“PubCo”). Following a series of amalgamation steps, Tactical will become a wholly‑owned subsidiary of New PubCo, which will be renamed “Tactical Resources Corp.” Tactical shares will be exchanged for New PubCo common shares at an exchange ratio to be set at closing, expected on or about July 28, 2026, subject to customary conditions including final TSX Venture Exchange approval. Tactical has applied for, and expects, delisting from the TSXV after closing.
Tactical Resources (OTC:PLMJF) entered an Asset Purchase Agreement to acquire approximately 1.5 million tons of processed crushed aggregate tailings from Sierra Blanca Quarry in Texas as potential near-term feedstock for its Peak Rare Earth Project.
The consideration is ~3,000,000 PubCo common shares, and closing is conditional on the previously announced business combination with Plum Acquisition Corp. III and the resulting Nasdaq listing. No mineral resource has been estimated yet and materials have not been commercially extracted.
Tactical Resources (OTC:USREF) entered a Purchase and Sale Agreement dated March 9, 2026 to secure tailings access and an exclusive option to acquire Sierra Blanca Quarry membership interests.
The option price is US$29,000,000 (50% cash / 50% equity expected), covers ~4 million tons of 2026 tailings, and includes an initial term to July 31, 2036, subject to TSXV approval and customary closing conditions.
Tactical Resources (OTC PINK:USREF) closed a non‑brokered private placement of 207,625 common shares at $6.30 per share, raising gross proceeds of $1,308,037.50 on January 22, 2026. The company paid a 10% cash finder's fee of $130,803.75 and intends to use net proceeds for working capital and general corporate purposes. Shares are subject to a statutory hold period of four months plus one day. Closing remains subject to final approval of the TSX Venture Exchange. The securities are not registered for sale in the United States and may not be offered to U.S. persons.
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.