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Tactical Resources Signs Agreement to Acquire the Sierra Blanca Quarry and Tailings Access for the Peak Rare Earth Project
VANCOUVER, BC / ACCESS Newswire / March 16, 2026 / Tactical Resources Corp. (TSXV:RARE)(OTC PI...
About this update from Tactical Resources Corp.
[{"type":"text","content":"Tactical Resources Signs Agreement to Acquire the Sierra Blanca Quarry and Tailings Access for the Peak Rare Earth ProjectVANCOUVER, BC / ACCESS Newswire / March 16, 2026 / Tactical Resources Corp. (TSXV:RARE)(OTC PINK:USREF) (\"Tactical\" or the \"Company\"), a mineral exploration and development company, is pleased to announce that it has entered into a Purchase and Sale Agreement (the \"PSA\") with Sierra Blanca Quarry, LLC (\"SBQ\") and Dennis Walker and Becky Dean Walker (\"Walker\"). The PSA relates to tailings and broader asset optionality associated with Tactical's Peak Project located in Hudspeth County, Texas.The Company believes the PSA enhances its ability to advance the Peak Project by securing access to tailings material and preserving a pathway to potential ownership of the broader Sierra Blanca Quarry operation, subject to the terms and conditions of the Purchase and Sale Agreement.\"This agreement is an important step in advancing the Peak Rare Earth Project,\" said Ranjeet Sundher, Chief Executive Officer of Tactical Resources. \"It provides Tactical with secured materials access and a pathway to ownership which paves the way to development of the overall project.\"Tactical has secured from Walker an exclusive option, exercisable in Tactical's sole discretion, to acquire all of the membership interests of SBQ, subject to certain conditions. The option remains exercisable until five (5) business days after the date that is thirty-six (36) months following the fifth (5th) business day after Tactical's parent company is first listed on the Nasdaq Stock Market. The purchase price for the membership interests will be US$29,000,000, subject to certain adjustments (the \"SBQ Purchase Price\"). The SBQ Purchase Price is expected to be comprised of 50% cash and 50% equity in Tactical or its parent company.Under the PSA, Tactical will also acquire approximately four million tons of tailings generated by the operation of a ballast crushing plant located in Sierra Blanca, Texas (the \"2026 Tailings Amount\") and certain additional tailings produced thereafter (the \"Additional Tailings\", and together with the 2026 Tailings Amount, the \"Transaction\"). Tactical may acquire the 2026 Tailings Amount in whole or in part with the balance to be acquired under a separate asset purchase agreement.The PSA has an initial term expi...