Tactical Resources Strengthens Position Amid Rare Earth Elements Market Disruptions
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. (TSXV: RARE) (OTC: USREF) fornisce un aggiornamento aziendale sul suo Progetto Peak in risposta alle attuali interruzioni nella catena di approvvigionamento degli elementi delle terre rare (REE) causate dai recenti cambiamenti normativi in Cina. Punti salienti includono:
1. Le restrizioni sulle REE in Cina hanno creato un'opportunità per Tactical Resources.
2. Il Progetto Peak è posizionato per produrre REE critiche a livello nazionale negli Stati Uniti.
3. La transazione di combinazione aziendale per la quotazione in NASDAQ sta procedendo.
4. Il Progetto Peak, situato vicino a El Paso, Texas, contiene scarti e materiali accantonati arricchiti di REE.
5. È uno dei pochi progetti a livello globale di estrazione diretta delle terre rare da rocce dure, con i permessi per le cave iniziali già ottenuti.
Tactical Resources mira a diventare un produttore significativo di REE negli Stati Uniti, rispondendo alla crescente domanda di questi materiali critici in vari settori, tra cui difesa ed energia verde.
Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) proporciona una actualización corporativa sobre su Proyecto Peak en respuesta a las interrupciones en la cadena de suministro de elementos de tierras raras (REE) a nivel mundial, causadas por los recientes cambios regulatorios en China. Puntos destacados incluyen:
1. Las restricciones de REE de China han creado una oportunidad para Tactical Resources.
2. El Proyecto Peak está posicionado para producir REE críticas a nivel nacional en Estados Unidos.
3. La transacción de combinación empresarial para la cotización en NASDAQ está avanzando.
4. El Proyecto Peak, ubicado cerca de El Paso, Texas, contiene residuos y materiales acopiados enriquecidos con REE.
5. Es uno de los pocos proyectos globales extraíbles por lixiviación directa de roca dura, con permisos iniciales para canteras en su lugar.
Tactical Resources aspira a convertirse en un productor significativo de REE en Estados Unidos, abordando la creciente demanda de estos materiales críticos en diversas industrias, incluyendo defensa y energía verde.
Tactical Resources Corp. (TSXV: RARE) (OTC: USREF)는 최근 중국의 규제 변화로 인한 전 세계 희토류 원소 (REE) 공급망 중단에 대한 대응으로 Peak 프로젝트에 대한 기업 업데이트를 제공합니다. 주요 내용은 다음과 같습니다:
1. 중국의 REE 제한 조치는 Tactical Resources에 기회를 창출했습니다.
2. Peak 프로젝트는 미국 내에서 전략적인 REE 생산을 위해 자리를 잡고 있습니다.
3. NASDAQ 상장 비즈니스 결합 거래가 진행 중입니다.
4. 엘파소, 텍사스 근처에 위치한 Peak 프로젝트에는 REE가 풍부한 폐기물과 재고가 포함되어 있습니다.
5. 전 세계적으로 직접 추출이 가능한 드문 희토류 하드록 프로젝트 중 하나로, 초기 채굴 허가가 확보되어 있습니다.
Tactical Resources는 미국 내에서 주요 REE 생산자가 되는 것을 목표로 하며, 방산 및 친환경 에너지 등 다양한 산업에서 이러한 중요한 자원에 대한 증가하는 수요에 대응하고자 합니다.
Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) fournit une mise à jour d'entreprise sur son projet Peak en réponse aux perturbations de la chaîne d'approvisionnement mondiale des éléments des terres rares (REE) causées par les récents changements réglementaires en Chine. Les points clés incluent:
1. Les restrictions sur les REE en Chine ont créé une opportunité pour Tactical Resources.
2. Le projet Peak est positionné pour produire des REE critiques aux États-Unis.
3. La transaction de combinaison d'entreprise pour la cotation au NASDAQ progresse.
4. Le projet Peak, situé près d'El Paso, au Texas, contient des résidus et des matériaux stockés enrichis en REE.
5. C'est l'un des rares projets d'extraction directe de terres rares à l'échelle mondiale, avec des permis d'exploitation de carrière initiaux en place.
Tactical Resources vise à devenir un producteur significatif de REE aux États-Unis, répondant à la demande croissante de ces matériaux critiques dans divers secteurs, y compris la défense et l'énergie verte.
Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) gibt ein Unternehmensupdate zu seinem Peak-Projekt im Hinblick auf die durch die jüngsten regulatorischen Änderungen in China verursachten Störungen der globalen Lieferkette für seltene Erden (REE) bekannt. Wichtige Highlights sind:
1. Chinas REE-Beschränkungen haben eine Gelegenheit für Tactical Resources geschaffen.
2. Das Peak-Projekt ist für die Inlandsproduktion von kritischen REE in den USA positioniert.
3. Die Transaktion zur Unternehmenszusammenlegung für die NASDAQ-Notierung schreitet voran.
4. Das Peak-Projekt, das sich in der Nähe von El Paso, Texas, befindet, enthält REE-reiche Rückstände und lagernde Materialien.
5. Es gehört zu den wenigen weltweit verfügbaren Projekten für die direkte Extraktion von seltenen Erden aus Hartgestein, mit bereits vorliegenden Genehmigungen für den Abbau.
Tactical Resources strebt an, ein bedeutender REE-Produzent in den Vereinigten Staaten zu werden, um der wachsenden Nachfrage nach diesen kritischen Materialien in verschiedenen Branchen, einschließlich Verteidigung und grüner Energie, gerecht zu werden.
- Peak Project positioned as a U.S.-based REE developer, reducing reliance on Chinese exports
- Opportunity to become a significant REEs producer in the United States
- Strategic location of Peak Project with extensive infrastructure and mining-friendly jurisdiction
- Initial quarry operating permits already in place for the Peak Project
- Exclusive option to purchase Sierra Blanca Quarry's mining lease and associated infrastructure
- Heavy reliance on the success of a single project (Peak Project)
- Potential competition from other U.S. companies stepping up efforts in REE production
- Early stage of development, with no current production or revenue from REEs
-- Strategic U.S. Rare Earth Elements Project Advances Amid Global Supply Chain Shifts
VANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company, provides a corporate update on its Peak Project in response to global rare earth elements (“REEs”) supply chain shifts triggered by China’s recent regulatory changes.
Key Highlights
- China's restrictions on REEs have disrupted global supply chains, emphasizing the need for diversified REE sources.
- The Peak Project is uniquely positioned as a U.S.-based REEs developer, helping reduce reliance on Chinese exports.
- Tactical Resources is advancing its work programs to become a significant REEs producer in the U.S.
“China’s REE restrictions have created a significant opportunity for Tactical Resources,” said Ranjeet Sundher, CEO of Tactical Resources. “Our Peak Project positions us to produce critical REEs domestically, which strengthens our potential as a key player in this essential market. This is great news for both our company and our shareholders as demand for REEs continues to rise. Additionally, our recently announced NASDAQ listing business combination transaction (the “Proposed Business Combination”) is progressing, and we expect to provide further updates to the market as the Proposed Business Combination moves forward.”
China’s recent restrictions on REE mining and exports have significantly disrupted global supply chains and driven up prices, particularly impacting U.S. businesses that rely on these critical materials, such as those in the defense sector. With China producing around
A recent campaign against illegal mining activities has created a short-term supply shortage, causing price increases and highlighting the vulnerability of nations dependent on Chinese exports. Some analysts predict that continued growth in green energy demand, paired with China’s regulatory actions, could lead to a supply-demand mismatch, pushing the market from surplus to deficit by the end of 2024. Additionally, the U.S. Department of Defense has warned about the national security risks tied to a heavy reliance on Chinese REEs.
In response, U.S. businesses and government agencies are pursuing strategies to mitigate risks, including diversifying supply chains, investing in domestic REE production, and exploring recycling technologies. Companies like MP Materials and US Rare Earths are stepping up efforts to reduce reliance on China. Additionally, REE recycling, although in its early stages, offers long-term potential to help stabilize the supply chain.
The Company’s flagship asset, the Peak Project, contains the rights to acquire REEs-enriched tailings and stockpiled materials extracted from the Sierra Blanca Quarry (“SBQ”). The Peak Project is a REE-focused project strategically located southeast of El Paso, Texas. This convenient location in a mining-friendly jurisdiction offers extensive infrastructure, including easy highway, power, water, and rail line access. Tactical Resources believes that the Peak Project will enable it to become a significant REEs producer in the United States.
The Peak Project is one of only a few rare earth hard rock direct-leach-extractable projects in the world, with initial quarry operating permits already in place. The Company also has an exclusive option to purchase SBQ’s mining lease and associated infrastructure for the Peak Project.
About Tactical Resources Corp. (TSXV: RARE) (OTC: USREF)
Tactical Resources is a mineral exploration and development company focused on U.S.-made REEs used in semiconductors, electric vehicles, advanced robotics, and most importantly, national defense. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. Find out more at: www.tacticalresources.com
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Tactical Resources Corp.
Ranjeet Sundher, Chief Executive Officer
Tel: +1-778-588-5483
investors@tacticalresources.com
Media Inquiries
media@tacticalresources.com
FORWARD LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company’s businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or “belief”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of rare earth metals; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Tactical Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward- looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements.
NO OFFER OR SOLICITATION
This release shall not constitute a “solicitation” as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This release shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Proposed Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
FAQ
How has China's recent regulation affected the global rare earth elements market?
What is Tactical Resources' (USREF) strategy to capitalize on the REE market disruption?
Where is Tactical Resources' (USREF) Peak Project located and what are its key features?
What progress has Tactical Resources (USREF) made towards NASDAQ listing as of September 2024?
