Tactical Resources Advances Preliminary Economic Assessment Plans for Peak Project, Texas
Hire an expert engineering company
/EIN News/ — VANCOUVER, British Columbia, Sept. 09, 2022 (GLOBE NEWSWIRE) — Tactical Resources Corporation. (CSE: RARE) (OTC: USREF) (“Tactical Resources“or the”Company), a mining exploration and development company focused on rare earth elements (“ETRs”) that are driving the critical technologies of the future, is pleased to announce the initiation of activities in connection with the completion of a preliminary economic assessment (“PEA”) on its emerging Peak project in Hudspeth County, in Texas.
To undertake the planning efforts for the EEP, Tactical Resources retained the services of Forte Dynamics Inc. (“Forte”), a consulting and engineering firm specializing in open pit resource and reserve modeling, mine planning, blast analysis, metallurgy, process design, recovery modeling, detailed engineering and EPCM services. For more information, visit www.fortedynamics.com.
EEP work plan development efforts include a comprehensive evaluation of data compiled to complete a proposed NI 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 began to develop and establish a detailed plan to move the Peak project from its current state to a completed EEP. Forte proposes to integrate all previous work and metallurgical test data to perform a gap analysis and provide recommendations to move the project forward. The gap analysis will assess the quantity and quality of historical data and provide recommendations on areas where further work will be needed to complete a PEA. The end result of this work will include a PEA roadmap for current and future fine storage materials, and all of the Sierra Blanca lands.
Company CEO Ranjeet Sundher adds, “Our excitement continues to grow as we add expert investigative power to this exciting REE project. Given our initial property estimate and the fact that our location is just two miles southeast of the Round Top Rare Earth Element project owned by the Texas Minerals Resources Corporation and USA Rare Earth joint operation, we estimated that it was 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 mining position and to include the option to acquire the entire project area. Against the backdrop of turbulent global events, our strategic objectives for our Texas project remain stronger than ever. »
Tactical Resources is also pleased to announce that it has extended its online marketing agreement (the “Agreement”) with Promethean Marketing, Inc. (the “Supplier”) to provide corporate marketing and investor outreach to Tactical Resources (the “Services”) including, but not limited to, content creation management, author research, project management, and digital media distribution. In consideration for the Services, the Company has agreed to pay the Supplier a media distribution budget of $250,000 for one month of services.
On behalf of the Board of Directors,
Chairman and Chief Executive Officer and Director
Tactical Resources Corp.
About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)
Tactical Resources is a rare earth element-focused mining exploration and development company based in Vancouver, British Columbia, and holds interests in the Peak project in West Texas, the Lac Ducharme property located in Quebec. and the SAM property in northern Saskatchewan. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock the development potential of REEs. Learn more at www.tacticalresources.com and follow us on Twitter.
Disclaimer Regarding Forward-Looking Information
This press release contains statements and information which, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections, as well as statements regarding future economic plans, objectives or performance, or assumptions underlying any of the foregoing. In some instances, forward-looking statements may be identified by words such as “may”, “would”, “could”, “will”, “likely”, “unless”, “anticipate”, “believe”, “have the ‘intention’, ‘plan’, ‘forecast’, ‘project’, ‘estimate’, ‘prospect’, or their negative form or other similar expressions relating to matters which are not historical facts. Examples of such statements include, but are not limited to, statements regarding PEA planning work to be performed by Forte.
Forward-looking information is based on management’s assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect. Important factors and assumptions used to develop the forward-looking information contained in this press release include, but are not limited to, key personnel and qualified employees who continue their involvement with the company; the Company’s ability to obtain additional financing on reasonable terms; the competitive conditions of the industry in which the Company operates; and the laws and their amendments applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the information. forward-looking, including, without limitation, risks related to the Company’s future business plans; the risks that the Company may not be able to retain its key personnel; the risks that the Company may not be able to obtain financing on reasonable terms or at all, as well as all other risks described in the Company’s long form prospectus dated February 28, 2022, under the heading “Considerations risk “. Accordingly, readers should not place undue reliance on such forward-looking information. Further, any forward-looking information speaks only as of the date such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the Company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ materially from those contained in the forward-looking information. The Company undertakes no obligation to update forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unforeseen events, except as required by law, including securities laws.
CSE has neither approved nor disapproved of the contents of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Tactical Resources Corp.
Email: [email protected]
Phone: +1 (778) 588-5483
Matt Chatterton, Director
Such. : +1 (778) 613-2068
Email: [email protected]