Tactical Resources Secures $140M for Rare Earth Production

Tactical Resources Corporation secures $140M financing to expedite rare earth production, potentially reshaping the U.S. landscape. The funding, including $40M convertible debt and a $100M standby equity facility, supports the companys planned merger with Plum Acquisition Corporation the Third, aiming for Nasdaq listing. The Texas asset, rich in rare earth-rich tailings, offers immediate feedstock, accelerating supply to vital U.S. industries.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.