Rare Earth Exchanges

Tactical Resources Corp Looks to do Reverse Merger to Access Capital to Expand Texas-based Peak Project

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Highlights

  • Canada-based Tactical Resources proposes a business combination with Plum Acquisition Corp. III to secure Nasdaq listing and growth capital.
  • The Peak Project in Texas aims to boost U.S. rare earth element production using advanced direct-leach extraction technologies.
  • This strategic initiative addresses national security and technology needs by diversifying REE supply chains away from Chinese dominance.

Canada-based Tactical Resources Corp (opens in a new tab). is preparing for a transformative step by proposing a business combination with Plum Acquisition Corp. III (opens in a new tab), aiming for a Nasdaq listing and significant growth capital. This move is driven by Tactical Resources’ Peak Project in Texas, which is strategically positioned to bolster U.S. rare earth element (REE) production amid growing geopolitical tensions and China’s export restrictions.

The Peak Project (opens in a new tab) focuses on leveraging advanced direct-leach REEextraction methods, critical for technologies such as semiconductors,EVs, and defense systems.

This combination will strengthen Tactical Resources’ capacity to meet rising U.S. demand for REEs, which are essential for national security and advanced technology applications, underscoring the strategic importance of diversifying REE supply chains away from Chinese dominance.

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