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An update from Tactical Resources Corp. ( (TSE:RARE) ) is now available.
Tactical Resources Corp has secured a US$140 million financing package from Yorkville Advisors Global, LP to support its business combination with Plum Acquisition Corp. III and accelerate the development of domestic rare earth elements supply. This financing positions Tactical to potentially become the second at-scale US supplier of rare earths, enhancing its market positioning and offering diverse financing options to optimize its capital structure while minimizing shareholder dilution.
More about Tactical Resources Corp.
Tactical Resources Corp is a rare earth exploration and development company focused on becoming a significant supplier of rare earth elements in the United States. The company is leveraging its substantial tailings inventory at an operational Texas mine to provide immediate potential feedstock for processing, aiming to reduce the typical timeline and costs associated with mine development.
Average Trading Volume: 26,611
Technical Sentiment Signal: Buy
Current Market Cap: C$53.51M
Find detailed analytics on RARE stock on TipRanks’ Stock Analysis page.