Preliminary Economic Assessment Plans Advanced For Peak Project In Texas

VANCOUVER - Tactical Resources Corp. reported the initiation of activities in the performance of a preliminary economic assessment (PEA) at its emerging Peak Project in Hudspeth County, Texas. To undertake the PEA planning efforts, Tactical Resources has engaged the services of Forte Dynamics Inc. The PEA work plan development efforts include a full assessment of data being compiled to complete a proposed N.I. 43-101 technical report on the Peak Project. This further includes historical data and results from recently completed field sampling, and ongoing metallurgical testing by Kemetco Research Inc. and Turnstone Metallurgical Services.

Forte has started work to develop and establish a detailed plan to take the Peak Project from its current state to a completed PEA. Forte proposes to incorporate all previous work and metallurgical testing data to complete a gap analysis and provide recommendations to advance the project. The gap analysis will evaluate historical data for quantity and quality and provide recommendation on areas where additional work will be required to complete a PEA. The ultimate outcome from this work will include a PEA roadmap for both current and future fines stockpile materials, and the broader Sierra Blanca land package.

CEO, Ranjeet Sundher, said, “Our enthusiasm continues to grow as we add expert investigative horsepower to this exciting REE project. Given our early property estimation and the fact our location is just two miles southeast of the Round Top Rare Earth Element project owned by the joint Texas Minerals Resources Corporation and USA Rare Earth operation, we felt it prudent to act decisively. This led to the recently announced strategic decision to amend our agreement with the owners of the Sierra Blanca quarry to strengthen our offtake position and include the option to acquire the entire project area. Amidst the backdrop of turbulent world events, our strategic goals for our Texas project remain stronger than ever.”