Tactical Resources Reflects on Transformative Year, Advances U.S. Rare Earth Elements Supply Chain Vision

Core Insights - Tactical Resources Corp. is advancing its flagship Peak Project and pursuing a proposed business combination with Plum Acquisition Corp. III to enhance its position in the rare earth elements (REEs) market [2][3][4] Business Combination - The proposed business combination with Plum, announced in August 2024, aims to facilitate a Nasdaq listing and provide capital to accelerate production at the Peak Project [3][10] - The transaction is expected to close in the first half of 2025, converting existing shareholders into a newly-formed public company [10] Peak Project Developments - The Peak Project, located in Texas, is positioned as a critical contributor to the U.S. REE supply chain, with operational permits secured and access to REE-enriched tailings [5][9] - Tactical Resources has made significant progress in its Phase 1 technical work, including bench-scale and vat-leach testing, which will inform future production planning [7][9] Strategic Importance - The geopolitical landscape, particularly China's export restrictions on critical minerals, underscores the need for a reliable U.S.-based REE supply chain [6][8] - Tactical Resources aligns its operations with U.S. national defense goals, as REEs are essential for defense applications [8][9] Future Outlook - The company aims to leverage its 2024 achievements to become a leading U.S. producer of REE materials, capitalizing on market opportunities and delivering long-term shareholder value [11]