Business
Tactical Resources Initiates Independent NI 43-101 Technical Report on Texas Project
VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mine
About this update from Tactical Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements (“REEs”) that drive the critical technologies of the future, has initiated work to complete an independent NI 43-101 report on it’s Peak Project in Texas. Tactical Resources has engaged Apex Geoscience Ltd. (“Apex”) of Edmonton, Alberta to provide independent consulting services to complete a geological introduction technical report in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum “Best Practices and Reporting Guidelines” for disclosing mineral exploration and the Canadian Securities Administration National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral projects and guidelines for technical reporting. This work will include geological assessment including a site inspection which was completed on June 11th, as well as compilation, analysis, and verification of results from field work completed on the tailings. The resulting analysis will form a geological introduction NI 43-101 technical report of the project including conclusions and advisements based upon their findings. Company CEO, Ranjeet Sundher, states, “We are increasingly motivated by world events that are clearly signalling the need for the development of domestic supply. As noted in recent media and research reports, China, the world’s biggest producer of magnet rare earth oxides could stop exporting these increasingly critical minerals within the next decade due to increasing internal demand and a shortage in global supply. Now is the time to identify and develop these key national assets and pave the way for the investment and effort that are sure to follow as the current and future projects advance into production. We are convinced there is a clear path forward to unlock shareholder value in this important sector of the resource industry.” Tactical Resources is committed to becoming a premier North American developer of REE products to meet domestic supply chain needs. The Peak Project is a tailings offtake venture based upon active cut rock operations of the Sierra Blanca Quarry, LLC located in Hudspeth County, Texas within the Sierra Blanca Complexi located 68 miles southeast of El Pas...