Business
Tactical Resources Provides Top Highlights of 2022
VANCOUVER, British Columbia, Dec. 20, 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, Dec. 20, 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, is pleased to provide a year in review summary of activities. Key Highlights: Achieved successful public listings Transitioned Texas-based Peak Project into flagship asset Achieved positive initial metallurgical extraction results from bench-scale test work Total Rare Earth Element (TREE) plus Yttrium (Y) preliminary extraction rates range from 88% to 96% Identified potential lithium by-product opportunity Initiated strategic plans aimed to expedite PEA planning towards production scenarios “It’s been an exciting and busy year in the relatively short history of Tactical Resources,” notes Company CEO Ranjeet Sundher. “We hit the ground running with our Texas-based Peak Project and really haven’t slowed down since. Peak continues to build from strength-to-strength as we believe it becomes more evident that our initial assessment of this flagship property was well founded. Partnering with a pre-existing and fully operational rock quarry was a major value-driver for us. At the quarry, we observed the potential for REE rich material in our initial analysis and within the last year we have attained a number of notable milestones and are very proud of our achievements to-date. Here are some of the top highlights from the past year.” Public Sector Highlights In Q1 of 2022, the Company listed on the Canadian Stock Exchange (CSE) with access to public markets under the trading symbol “RARE.” By Q2, the Company had received DTC eligibility for U.S. trading to gain exposure to U.S. capital markets. Strategic Planning Throughout the first three quarters of the year, Tactical Resources grew internal and external partnerships (metallurgical, legal, marketing, financial, capital markets, technical, procurement, project management) to support our business growth plans. The team further performed industry and sector reviews to strengthen our corporate strategy with a key focus on domestic assets, advanced projects, and clean tech processing. Notably, the Company divested non-core assets to streamline its portfolio and focus resources by transitioning the ...