Tactical Resources Corp and Plum Acquisition Corp. III have secured approval from the Nasdaq Listing Center to list the common shares of the resulting issuer on the Nasdaq Capital Market. The business combination is expected to close on or about July 28, 2026, positioning the company to accelerate the development of its Peak Project in Hudspeth County, Texas. Following the completion of the transaction, the shares will trade under the ticker symbol "TREO".

The business combination is being executed pursuant to an agreement dated August 22, 2024, among Tactical Resources, Plum Acquisition Corp. III, Plum III Amalco Corp., and Plum III Merger Corp. Upon closing, Tactical will continue as a wholly-owned subsidiary of a new parent entity, which will be renamed "Tactical Resources Corp." The exchange ratio for the transaction will be determined at closing.

Transaction Details

The completion of the business combination remains subject to customary closing conditions, including the receipt of final approval from the TSX Venture Exchange (TSXV). Tactical Resources has applied for delisting from the TSXV following the closing. A further announcement will be released closer to the closing date to confirm the exchange ratio and other relevant details for shareholders.

Strategic Implications

Ranjeet Sundher, Chief Executive Officer of Tactical Resources, stated that the company is advancing technical work programs and strengthening its operational foundation to deliver measurable progress as a public company. Kanishka Roy, Chief Executive Officer of Plum Acquisition Corp. III, highlighted that rare earths are central to national security and energy transition priorities, noting that Tactical offers asset quality and execution readiness.

The Peak Project is described as a rare earth asset in the United States with existing mined material and established infrastructure. The move to the Nasdaq is intended to support the company's near-term processing and scale objectives.