Tactical secures up to US$140M Yorkville financing for SPAC merger and rare earths

Plum Acquisition Corp. III

Up to US$100M standby equity line and US$40M in convertible debt from Yorkville; US$7.5M advanced at closing.
Yorkville notes bear 5% interest, mature 12 months from closing; conversion price based on market with 20% floor.
Business combination with Plum Acquisition Corp. III (OTC: PLMJF) expected to close Q4 2025, listing on Nasdaq.
Tactical has rights to existing rare earth tailings at an operational Texas mine, providing immediate feedstock.
Yorkville granted 24-month right of first refusal on any at-the-market offerings by Pubco.

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