Tactical Resources Secures US$140M Financing Package for Rare Earth Elements Supply

Tactical Resources has secured a US$140 million financing package to accelerate the supply of rare earth elements in the US. The financing includes up to US$40 million in convertible debt and a US$100 million standby equity purchase agreement. The company aims to become the second at-scale US rare earth elements supplier and plans to utilize its existing tailings inventory, which provides immediate potential feedstock for processing and reduces the development timeline. The financing package supports Tactical's business combination with Plum Acquisition Corp. III and is expected to be completed in Q4 2025.