Tactical Resources secures 1.5M tons of tailings feedstock from Sierra Blanca Quarry

Plum Acquisition Corp. III

Acquires ~1.5M tons of processed tailings containing REE mineralization for Peak Project near-term feedstock.
Consideration: ~3M shares of PubCo (post-business combination with Plum Acquisition Corp. III) to seller.
Closing contingent on completion of business combination between Plum and Tactical; expects Nasdaq listing.
Prior PSA grants option to acquire 100% of SBQ for $29M (50% cash/50% equity) and access to ~4M tons tailings.
Tactical aims to compress project timelines and reduce capital by using existing tailings over new mining.

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