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An update from Tactical Resources Corp. ( (TSE:RARE) ) is now available.
Tactical Resources Corp. has signed an Asset Purchase Agreement to acquire about 1.5 million tons of processed crushed aggregate tailings from the Sierra Blanca Quarry in Texas, which initial testing indicates contain consistent rare earth mineralization. The stockpiled material is expected to provide near-term feedstock for the company’s Peak Rare Earth Project, potentially accelerating early construction and initial processing while lowering traditional mining and permitting timelines.
By securing tailings from an existing industrial site, Tactical aims to de-risk its development pathway, compress project timelines, and reduce capital intensity relative to conventional rare earth mining. The deal, to be paid in shares of a planned Nasdaq-listed parent company and contingent on a previously announced business combination, also builds on earlier agreements that could eventually give Tactical full ownership of the quarry, strengthening its long-term feedstock position in the U.S. rare earth supply chain.
More about Tactical Resources Corp.
Tactical Resources Corp. is a mineral exploration and development company focused on domestic rare earth elements production, with its flagship Peak Rare Earth Project in Texas. The company targets securing U.S.-based critical minerals supply, aiming to support a domestic rare earth supply chain amid rising demand and geopolitical concerns around strategic materials.
Average Trading Volume: 2,851
Technical Sentiment Signal: Buy
Current Market Cap: C$50.29M
For detailed information about RARE stock, go to TipRanks’ Stock Analysis page.