Tactical Resources Corp. (USRED) Secures Final Court Approval for Business Combination, Eyes Nasdaq Listing
Vancouver, BC – December 18, 2025 – Tactical Resources Corp. announced today that it has received the crucial Final Order from the Supreme Court of British Columbia, greenlighting its plan of arrangement to merge with Plum Acquisition Corp. III and related entities. This pivotal development clears a significant hurdle as the company charts a course for a Nasdaq listing and enhanced market presence.
The business combination, which overwhelmingly garnered shareholder support with approximately 99.979% of votes cast in favor at a December 16th meeting, involves a strategic redomicile and amalgamation process. This will culminate in the formation of “New PubCo,” the entity slated for a Nasdaq debut in the first quarter of 2026. Concurrently, Tactical Resources anticipates delisting from the TSX Venture Exchange (TSXV) following the transaction’s close, signaling a significant evolution in its corporate structure and trading profile.
At the heart of this transition is a carefully managed share structure. To align with Nasdaq’s listing requirements and ensure market stability, an estimated 80% to 85% of the New PubCo common shares issued to existing Tactical shareholders will be subject to a six-month lock-up period. This measure is designed to mitigate short-term volatility and foster a more stable shareholder base as the company embarks on its next growth phase. The completion of the arrangement remains contingent upon satisfying customary closing conditions and securing Nasdaq’s approval, a process expected to conclude within the first quarter of 2026.
Tactical Resources is strategically positioned in the critical sector of U.S.-based rare earth elements (REEs). These vital materials are indispensable for the manufacturing of semiconductors, the burgeoning electric vehicle market, advanced robotics, and crucially, for national defense applications. The company is not only focused on resource extraction but is also actively investing in the development of innovative metallurgical processing techniques. This dual approach aims to unlock the full potential of REE resources and solidify its role in securing a domestic supply chain for these strategically important commodities.
The move to a Nasdaq listing represents a significant strategic objective, aiming to increase liquidity, enhance visibility among a broader investor base, and potentially attract institutional capital necessary for scaling its operations and advancing its technological developments. The focus on U.S.-based REEs is particularly salient given the global geopolitical landscape and the increasing emphasis on supply chain resilience for critical minerals. By developing proprietary processing methods, Tactical Resources aims to differentiate itself in a market often characterized by complex extraction and processing challenges.
The “newco” structure, often employed in SPAC transactions, allows for a streamlined integration and a clear path to public markets. The dual listing approach, transitioning from the TSXV to Nasdaq, is a common strategy for Canadian companies seeking broader international exposure and access to capital. The successful execution of this arrangement underscores the company’s strategic vision to become a key player in the North American rare earth element market, addressing both commercial and national security imperatives.
**Key Takeaways:**
* **Final Court Approval:** Tactical Resources has received the final judicial approval necessary to proceed with its business combination with Plum Acquisition Corp. III.
* **Shareholder Endorsement:** The arrangement was overwhelmingly supported by Tactical shareholders, indicating strong confidence in the proposed transaction.
* **Nasdaq Target:** The company is actively pursuing a listing on the Nasdaq Stock Market, with an anticipated timeline of Q1 2026.
* **Strategic REE Focus:** Tactical Resources is a mineral exploration company focused on U.S.-based rare earth elements, crucial for high-tech industries and national security.
* **Shareholder Restrictions:** A significant portion of newly issued shares will undergo a six-month transfer restriction period to support Nasdaq listing requirements.
* **TSXV Delisting:** Following the completion of the arrangement, Tactical Resources is expected to delist from the TSX Venture Exchange.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/14744.html
