Tactical Resources Corp. (Ticker: TREO US) is a Canadian-domiciled rare earth elements exploration and development company focused on building a U.S. supply chain for critical minerals. The company is advancing the Peak Project in Hudspeth County, Texas, and is also pursuing rare earth processing and separation technologies. Tactical Resources plans to begin trading on the Nasdaq Capital Market on August 18, 2026, following completion of its business combination with Plum Acquisition Corp. III.

The transaction is a de-SPAC combination rather than a conventional IPO. Tactical became a wholly owned subsidiary of a new parent company renamed Tactical Resources Corp. Following a four-for-one share consolidation effective August 17, approximately 13.6 million shares are expected to be outstanding. Tactical shareholders received New PubCo shares at a deemed pre-consolidation value of $10.00 per share, equivalent to $40.00 per share after the consolidation, implying an estimated reference valuation of approximately $545 million. The announcement did not specify a new primary share offering or associated proceeds. Plum’s warrants were also consolidated four-for-one, with the exercise price adjusted to $46.00, but will not be Nasdaq-listed.