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. (CSE: RARE) (OTC: USREF) announces the appointment of Mark Mukhija as a board member, effective immediately. With over 15 years in mining, Mukhija's experience includes roles at companies like Teck Resources and Barrick. He previously served as General Manager for Motion Metrics. Tactical Resources is refocusing on rare earth elements (REEs) and has terminated its option to acquire the SAM gold property. The company has filed an updated technical report for the Lac Ducharme REE Project, effective September 29, 2022, highlighting its commitment to domestic supply chains.
Tactical Resources Corp. (CSE: RARE, OTC: USREF) announced the completion of a geophysics work program at its Lac Ducharme Project in Quebec. This program included magnetic and radiometric surveys aimed at enhancing the understanding of the project's structural geology and rare earth element (REE) occurrences. The magnetic survey covered 50.2 line-kilometers, while the radiometric survey took 894 measurements. CEO Ranjeet Sundher emphasized the alignment with North America's critical minerals strategy and the growing interest in the REE sector, positioning Tactical Resources for future growth.
Tactical Resources Corp. (CSE: RARE, OTC: USREF) announced the filing of a NI 43-101 technical report for its Peak Project in Hudspeth County, Texas. The report, effective September 15, 2022, is the first of its kind for this project, prepared by APEX Geoscience Ltd. and Kemetco Research Inc. CEO Ranjeet Sundher highlighted the report as a significant milestone, stating it will lay the groundwork for upcoming work programs. The report is accessible on SEDAR and the company's website.
Tactical Resources Corp (CSE: RARE, OTC: USREF) has initiated activities for a preliminary economic assessment (PEA) at its Peak Project in Hudspeth County, Texas. The company has engaged Forte Dynamics Inc. to assist in this process, which will include a full assessment of existing data, a gap analysis, and recommendations for advancing the project. CEO Ranjeet Sundher highlighted the strategic importance of the project, especially its proximity to the Round Top REE project. Additionally, Tactical Resources extended its agreement with Promethean Marketing for investor awareness services, with a budget of $250,000 for one month.
Tactical Resources Corp (CSE: RARE) (OTC: USREF) announced key developments from its September 7, 2022 Annual General and Special Meeting. Shareholders approved updated Articles under the Business Corporations Act for advance notice in director elections, enhancing meeting efficiency and shareholder information. Additionally, a 20% rolling Omnibus Plan was approved, allowing the Company to grant stock options and restricted share units to directors, officers, and consultants. Full details are accessible via SEDAR.
Tactical Resources Corp (CSE: RARE) (OTC: USREF) reported significant developments in its Peak Project in Texas and Lac Ducharme property in Quebec. The company raised $1.38M from warrant exercises to fund additional fieldwork and metallurgical testing. Ongoing metallurgical tests at the Peak Project aim to evaluate extraction potential, with results expected in Q3-2022. An amended agreement with Sierra Blanca Quarry enhances investment prospects. The Lac Ducharme Project underwent a geophysical survey, with further insights into mineralogy and chemistry expected from ongoing research.
Tactical Resources Corp (OTC: USREF) has announced the appointment of Thristian Michel as Project Manager for Texas Operations, focusing on the Peak Project in Hudspeth County, Texas. Michel, with extensive project management experience, will oversee the construction lifecycle and regulatory compliance for the project, which aims to fast-track rare earth element (REE) production. CEO Ranjeet Sundher expressed optimism about moving the project forward, noting the existing quarry operations as a strategic advantage in REE development.
Tactical Resources Corp (CSE: RARE, OTC: USREF) is expanding its team with the appointment of Norman Chow, P. ENG, as Qualified Person for the Peak Project. This project aims to transform existing tailings into a rare earth elements producer, addressing the growing domestic demand for REEs. Chow's extensive experience in extractive metallurgy will support the preparation of an NI 43-101 technical report, crucial for the project's advancement. Tactical Resources is committed to enhancing North American REE production.
Tactical Resources Corp (CSE: RARE) (OTC: USREF) has appointed Marcus Tomlinson, PhD, from Turnstone Metallurgical Services, to lead the development of rare earth element (REE) extraction technologies. Tomlinson brings over 30 years of experience in metallurgy and has worked on significant REE projects, including the Round-Top Project. Tactical Resources aims to establish itself as a premier REE developer in North America, focusing on domestic supply chain needs. CEO Ranjeet Sundher highlighted Tomlinson's expertise as critical for achieving the company's strategic goals.
Tactical Resources Corp (OTC: USREF) has engaged Kemetco Research to support its Texas-based Peak Project, focusing on rare earth element (REE) development. This partnership aims to advance the project by assessing extraction methods and verifying lab results from field samples. CEO Ranjeet Sundher emphasized the importance of supporting domestic REE production amid global economic challenges and highlighted the U.S. government's initiatives for a secure supply chain. The Peak Project, located in Hudspeth County, Texas, will utilize tailings from the Sierra Blanca Quarry.
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