Tactical Resources Announces Share Consolidation

About this update from Tactical Resources Corp.

[{"type":"text","content":"Tactical Resources Announces Share ConsolidationVANCOUVER, BC / ACCESS Newswire / December 3, 2025 / Tactical Resources Corp. (TSX.V: RARE)(OTC PINK:USREF) (\"Tactical\" or the \"Company\"), a mineral exploration and development company, announces that, in connection with the Company's previously announced business combination (the \"Business Combination\") with Plum Acquisition Corp. III (\"Plum\"), and to ensure the resulting issuer (\"New PubCo\") satisfies applicable Nasdaq listing standards, the Company will consolidate its common shares (the \"Shares\") on the basis of five (5) pre-consolidation Shares for every one (1) post-consolidation Share (the \"Consolidation\") effective December 5, 2025.The Company notes that, although its management information circular (the \"Circular\") and related proxy materials (the \"Meeting Materials\") mailed to shareholders (\"Shareholders\") in connection with the annual general and special meeting of Shareholders to be held at 10:00 a.m. (Vancouver time) on December 16, 2025 (the \"Meeting\") sought approval for a consolidation of up to twenty-five (25) to one (1), the Company's board of directors (the \"Board\") has determined that a ratio of five (5) to one (1) is sufficient based on the Company's trading price. The TSX Venture Exchange (the \"TSXV\") has approved effecting the Consolidation based on the proposed ratio by way of Board resolution, and the Company does not expect to effect any further share consolidation in connection with completion of the Business Combination.The Consolidation will not affect the consideration payable to Company shareholders in connection with the Business Combination. Following completion of the Consolidation, Company shareholders will receive the same effective number of New PubCo shares as they would have received if the Consolidation had not been implemented and will retain the same proportionate ownership interest in New PubCo immediately following completion of the transaction.The Business Combination remains subject to approval of the Company shareholders, court approval, stock exchange approval and other customary closing conditions. There can be no assurances that the Business Combination will be completed following the effectiveness of the Consolidation.The Company name and trading symbol will remain unchanged after the Consolidation. The ne...

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