Tactical Resources Signs Agreement to Acquire the Sierra Blanca Quarry and Tailings Access for the Peak Rare Earth Project

The most recent news (March 16, 2026) announces that Tactical Resources has signed a Purchase and Sale Agreement (PSA) to acquire the Sierra Blanca Quarry (SBQ) and its associated tailings for US$29,000,000. The deal structure is 50% cash and 50% equity. This acquisition provides Tactical with ownership of approximately four million tons of existing tailings and a pathway to full ownership of the quarry operations in Texas. This follows a string of major milestones, including a US$140 million financing package from Yorkville Advisors and the final court approval for a business combination with Plum Acquisition Corp. III to list on the Nasdaq.

The impact is Material - Positive. While the company had previously held rights to the tailings, this PSA formalizes a path to total ownership of the asset and the operational quarry. - Asset Security: Securing 4 million tons of tailings provides a tangible, "above-ground" feedstock, which management claims bypasses the typical 10-year mine development cycle. - Valuation Benchmark: The US$29M price tag sets a clear valuation floor for the core asset. - Strategic Alignment: This move is a prerequisite for the "New PubCo" Nasdaq listing, providing the fundamental asset base required for a senior exchange. - Financial Strain: However, the US$14.5M cash component of the acquisition is significant for a company that reported only C$78,573 in cash as of October 2025. The company is entirely dependent on the US$140M Yorkville financing and the Plum merger to close this transaction.

Tactical Resources is a mineral exploration and development company focused on the rare earth element (REE) sector in the United States. - Flagship Project: The Peak Project (Sierra Blanca Quarry) in Hudspeth County, Texas. - Strategy: Utilizing a "direct-to-leach" processing method on existing tailings to produce REEs for the permanent magnet market (EVs, Defense, Robotics).