Tactical Resources obtains $140 million funding deal

Financing Agreement: Tactical Resources has secured a financing agreement with Yorkville Advisors Global, which includes up to $40 million in convertible debt and a $100 million standby equity purchase agreement to support its business combination with Plum Acquisition Corp. III.

Public Listing and Project Development: The financing will facilitate the combined company's public listing on Nasdaq and accelerate the development of domestic rare earth elements, with the business combination expected to close in the fourth quarter of 2025.

Tailings Inventory Advantage: Tactical holds significant rights to tailings inventory at a Texas mine, which provides immediate feedstock for processing and aims to shorten the typical timeline and costs associated with mine development.

Diverse Financing Alternatives: The company's substantial tailings asset base allows for various financing options, enabling management to optimize capital structure while minimizing dilution, and Tactical is also seeking additional funding sources, including strategic investors and term loan debt facilities.