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Tactical Resources Corp. ( (TSE:RARE) ) has shared an update.
Tactical Resources Corp. announced a share consolidation in preparation for a business combination with Plum Acquisition Corp. III, aiming to meet Nasdaq listing standards. The consolidation, which will convert five pre-consolidation shares into one post-consolidation share, is designed to streamline the share structure without affecting shareholder equity or the consideration payable in the business combination. The move is part of Tactical’s strategic efforts to strengthen its market position and facilitate the completion of the business combination, pending necessary approvals.
More about Tactical Resources Corp.
Tactical Resources Corp. is a mineral exploration and development company focused on U.S.-made rare earth elements, which are crucial for semiconductors, electric vehicles, advanced robotics, and national defense. The company is also engaged in developing innovative metallurgical processing techniques to enhance the potential of rare earth elements.
Average Trading Volume: 26,864
Technical Sentiment Signal: Buy
Current Market Cap: C$51.42M
Find detailed analytics on RARE stock on TipRanks’ Stock Analysis page.