Tactical Resources Acquires 1.5M Tons of Aggregate in Texas

Tactical Resources Corp., a company active in mineral exploration and development, has announced an Asset Purchase Agreement to acquire 1.5 million tons of processed tailings from Sierra Blanca Quarry. This acquisition aims to provide feedstock for the company's Peak Rare Earth Project. Initial testing indicates that these tailings contain rare earth elements, potentially accelerating the project's development.

This move is part of Tactical's strategy to secure materials without the delays typical of new mining operations, aligning with the growing U.S. demand for rare earth elements. The company is also pursuing a broader acquisition plan that includes options to acquire full ownership of additional assets at Sierra Blanca.

The agreement is contingent upon closing Tactical's business combination with Plum Acquisition Corp. III, aimed at facilitating a Nasdaq listing. Tactical expects this initiative to aid in developing a domestic supply chain for rare earths.