Tactical Resources Announces Effectiveness of Registration Statement for Proposed Business Combination with Plum Acquisition Corp. III

Executive Summary

• SEC declared the Form F‑4 Registration Statement for Plum III Merger Corp. effective, clearing a key regulatory hurdle for the proposed merger of Tactical Resources and Plum Acquisition Corp. III.
• Special meetings are scheduled: Tactical Resources shareholders will vote on December 16, 2025; Plum stockholders will vote on December 22, 2025 to approve the business combination.
• Upon closing, the combined entity (“New PubCo”) is expected to list on Nasdaq as Tactical Resources Corp., positioning it as a U.S.-focused rare‑earth developer.

Key Details

• Registration Statement: Form F‑4 for Plum III Merger Corp. declared effective by the SEC under applicable rules.
• Shareholder Meetings:
• Tactical Resources annual/general meeting – December 16, 2025 (Vancouver time) to consider the Arrangement and share consolidation.
• Plum special meeting – December 22, 2025 (10:00 AM ET, New York) to approve the Proposed Business Combination.
• Proposed Transaction Structure:
• Parties: Tactical Resources Corp., Plum Acquisition Corp. III, Plum III Amalco Corp., and Plum III Merger Corp. (“PubCo”).
• Upon closing, New PubCo will operate under the name Tactical Resources Corp. and list its common shares on Nasdaq.
• Tactical Resources shareholders receive New PubCo common shares per the exchange ratio disclosed in the Circular/Registration Statement.
• Strategic Rationale (CEO/President Quotes):
• Executive Chairman Jeet Basi cites the milestone as advancing a U.S.-focused rare‑earth platform anchored by the Peak Project in Texas.
• CEO Ranjeet Sundher highlights accelerated technical work, clean‑processing pathway development, and long‑term value creation for North America’s critical minerals supply chain.
• Closing Conditions: Subject to shareholder approvals, court approval of the Arrangement (BC Business Corporations Act), stock exchange approvals, and customary closing conditions.
• Future Outlook: The combined company aims to become a Nasdaq‑listed rare‑earth developer, leveraging existing permitted mine infrastructure at the Peak Project to reduce capex and accelerate production timelines.

Notable Quotes

“The effectiveness of our Registration Statement marks an important milestone as we move toward completing our proposed business combination with Plum Acquisition Corp. III,” – Jeet Basi, Executive Chairman & President, Tactical Resources.

“The proposed business combination positions Tactical Resources to accelerate technical work, advance our clean‑processing pathway, and further develop one of the most strategically located rare earth opportunities in the United States.” – Ranjet Sundher, CEO, Tactical Resources.