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 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.Tactical Resources Corp (TSXV: RARE, OTC: USREF) has filed a Form F-4 Registration Statement with the SEC regarding its proposed business combination with Plum Acquisition Corp. III (Nasdaq: PLMJ). The merger aims to create a new publicly traded entity and list on Nasdaq. The company's Peak Project in Texas contains rights to acquire rare earth elements from the Sierra Blanca Quarry. The project is strategically located near El Paso with extensive infrastructure and is one of few rare earth hard rock direct-leach-extractable projects globally. The closing is subject to shareholder approval and SEC effectiveness declaration.
Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) provides a corporate update on its Peak Project in response to global rare earth elements (REEs) supply chain disruptions caused by China's recent regulatory changes. Key highlights include:
1. China's REE restrictions have created an opportunity for Tactical Resources.
2. The Peak Project is positioned to produce critical REEs domestically in the U.S.
3. The company's NASDAQ listing business combination transaction is progressing.
4. The Peak Project, located near El Paso, Texas, contains REE-enriched tailings and stockpiled materials.
5. It's one of few rare earth hard rock direct-leach-extractable projects globally, with initial quarry permits in place.
Tactical Resources aims to become a significant REEs producer in the United States, addressing the growing demand for these critical materials in various industries, including defense and green energy.
Tactical Resources Corp. (TSX.V: RARE | OTC: USREF) has announced additional details about its proposed business combination with Plum Acquisition Corp. III (NASDAQ: PLMJ). The deal values Tactical Resources at US$500 million pre-transaction equity value, with an expected pro forma enterprise value of US$589 million. Tactical Resources shareholders are anticipated to own approximately 82% of the combined entity, which will be renamed 'Tactical Resources Corp.' and listed on Nasdaq. The transaction involves a share exchange with an estimated ratio of 1.0477 new shares for each Tactical Resources share. The deal is expected to close in Q4 2024, subject to shareholder and regulatory approvals. Plum's sponsor aims to raise up to US$30 million to support Tactical Resources' growth plans, particularly for its Peak Project in Texas.
Tactical Resources, a North American rare earth elements (REEs) company, is set to list on NASDAQ through a business combination with Plum Acquisition Corp. III. The deal implies a pro forma enterprise value of $589 million. Tactical Resources aims to become a significant U.S. REEs producer, addressing the critical need for these materials in modern technologies and national defense.
The company's Peak Project in Texas has exclusive rights to REE-enriched tailings from the Sierra Blanca Quarry, offering a rare direct-leach-extractable project with existing permits. This strategic move aims to reduce U.S. dependence on Chinese REE supply, which currently accounts for nearly 70% of global production.
The transaction is expected to close in Q4 2024, subject to approvals. Existing Tactical Resources shareholders will own approximately 82% of the new entity upon completion.
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Tactical Resources Corp. (CSE: RARE, OTC: USREF) released a year-end review highlighting significant progress in 2022. The company transitioned its Texas-based Peak Project into its flagship asset, achieving impressive metallurgical extraction rates of 88% to 96%. Key highlights include successful public listings, identification of lithium by-product opportunities, and strategic planning initiatives aimed at accelerating project development. Tactical Resources aims to meet domestic supply needs for rare earth elements while enhancing its operational capabilities.
Tactical Resources Corp. (OTC: USREF) announced promising results from metallurgical tests at its Peak Project, showing total rare earth element (TREE) plus Yttrium extraction rates between 88% and 96%. The tests indicate the potential for direct leach extraction processing and identify a potential lithium by-product. CEO Ranjeet Sundher expressed optimism about advancing the project for bulk sample collection. The metallurgical tests were conducted by Kemetco Research, and initial findings suggest favorable grades and mineralogy in the samples analyzed.
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