Tactical Resources Advances Nasdaq Listing Amid Industry Shifts

Tactical Resources Corp. has announced progress towards its Nasdaq listing through a merger with Plum Acquisition Corp. III. The company is finalizing regulatory reviews and customary closing conditions. Key highlights include strengthened ties with Washington, D.C. stakeholders and alignment with U.S. national critical minerals priorities.

The merger aims to bolster capital access to further develop the Peak Project. CEO Ranjeet Sundher emphasized their direct-to-leach extraction process and ongoing discussions on initial offtake agreements. This strategic move coincides with increased U.S. federal support for domestic rare earth initiatives and China's tightened export controls, posing security risks for non-Chinese buyers.

Completing the merger will enable Tactical Resources to evaluate additional growth opportunities in rare earth extraction while optimizing its direct-leach processes.