TACTICAL RES CORP - USREF STOCK NEWS

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.

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.

Tactical Resources Corp. to list common shares on TSXV, delist from CSE

Tactical Resources Corp. provides a corporate update on its Peak Project Property, focusing on rare earth elements. They have established the property as their flagship asset and initiated a Phase-1 work program. Various studies and tests are being conducted to evaluate economic viability and production feasibility. The company is confident in the West Texas rare earth opportunity and believes in the exponential growth of the REE sector.

Tactical Resources Corp. corrects expiry date of warrants in refiling of financial statements and management discussion and analysis.