Tactical Resources Secures 1.5M Tons of REE Feedstock, De-risking Peak Project Development
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Tactical Resources Corp. (USREF) has secured approximately 1.5 million tons of processed crushed aggregate feedstock from Sierra Blanca Quarry in Texas, which contains rare earth element (REE) mineralization. This material is designated for the company's flagship Peak Rare Earth Project and is expected to significantly reduce traditional mining and permitting timelines, thereby de-risking the project's development pathway. The acquisition, made via an Asset Purchase Agreement, builds on a previously announced Purchase and Sale Agreement with SBQ. Consideration for the feedstock involves approximately 3,000,000 shares of the common stock of the combined entity (PubCo) resulting from Tactical's business combination with Plum Acquisition Corp. III (PLMJF) and its anticipated Nasdaq listing. This strategic move positions Tactical to accelerate the development of a domestic U.S. rare earth supply chain, representing a foundational step towards future revenue generation. Investors should monitor the progress of the SPAC merger and the subsequent operational advancements at the Peak Project.
At the time of this announcement, USREF was trading at $4.22 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $35.3M. The 52-week trading range was $0.10 to $7.45. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Access Newswire.