PLMJ News & Events

Tactical Resources entered into a financing agreement with Yorkville Advisors Global, comprising up to $40 million in convertible debt financing and a $100 million standby equity purchase agreement. This comprehensive financing package will support Tactical's previously announced business combination with Plum Acquisition Corp. III, enabling the combined company to list publicly on Nasdaq, while also helping to accelerate near-term project development and potential commercial supply of domestic rare earth elements in the near future. The financing is subject to customary closing conditions, including successful completion of the Business Combination, which is expected to be completed in the fourth quarter of 2025. Tactical already has rights to substantial tailings inventory prospective for rare earth elements at an operational Texas mine, providing immediate potential feedstock for processing. This asset and plan aims to reduce the extended decade-long timeline and massive capital expenditures typically required for mine development, while potentially creating collateral value that enables diverse financing alternatives unavailable to most development-stage companies. In addition to the financing with Yorkville, Tactical is actively pursuing complementary funding sources, including strategic investors that would provide capital alongside operational synergies and term loan debt facilities collateralized by the existing tailings inventory. The Company's substantial tailings asset base creates diverse financing alternatives that enable management to optimize the capital structure while minimizing dilution.

Tactical Resources has filed a Form F-4 Registration Statement with the U.S. Securities and Exchange Commission regarding Tactical Resources' recently announced proposed business combination with Plum Acquisition Corp. III to form a new publicly traded entity. The closing of the Business Combination is subject to approval by the shareholders of each of Tactical Resources and Plum, the declaration of the Registration Statement as effective by the SEC and other customary requirements. The Company's flagship asset, the Peak Project, contains the rights to acquire rare earth elements-enriched tailings and stockpiled materials extracted from the Sierra Blanca Quarry. 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.