VANCOUVER, British Columbia, September 9, 2022 (GLOBE NEWSWIRE) — Tactical Resource Corporation(CSE: RARE) (OTC: USREF) (“tactical resources” or “Company), a mineral exploration and development company focused on rare earth elements (“Lees”) is pleased to announce the commencement of activity in conducting a Preliminary Economic Assessment (“PEA”) at its new Peak Project in Hadspeth County, Texas.
Tactical Resources utilized the services of Forte Dynamics Inc. (“Forte”) to conduct its PEA planning efforts. Forte Dynamics Inc. (“Forte”) is a consulting and engineering firm specializing in open pit resource and reserve modeling, mine planning, blasting analysis, metallurgy and process design. Restoration modeling, detailed engineering and his EPCM services. For more information, please visit www.fortedynamics.com.
The PEA work plan development effort includes a complete evaluation of the data compiled to complete the proposed NI 43-101 Technical Report on the Peak project. This also includes historical data and results from recently completed field sampling and ongoing metallurgical testing by Kemetco Research Inc. and Turnstone Metallurgical Services.
Forte has begun work to develop and establish a detailed plan for moving the Peak project from its current state to a full PEA. Forte offers to incorporate all previous work and metallurgical testing data to complete a gap analysis and provide recommendations for moving forward with the project. A gap analysis assesses the quantity and quality of historical data and provides recommendations on areas where additional work is needed to complete the PEA. The final outcome of this work will include stockpile material for current and future fines and his PEA roadmap for the broader Sierra Blanca land package.
Company CEO Ranjeet Sundher added: Given the initial asset estimates and the fact that he is located just two miles southeast of the Round Top Rare Earth Project owned by the Texas Mineral Resources Corporation and the Rare Earth U.S. Joint Venture, it felt prudent to act decisively. I was. This has led to the recently announced strategic decision to amend the agreement with the owner of the Sierra Blanca Quarry to strengthen our offtake position and include the option to acquire the entire project area. rice field. Against the backdrop of turbulent global conditions, our Texas Project strategic objectives remain stronger than ever. “
Tactical Resources also extends an online marketing agreement (“Agreement”) with Promethean Marketing, Inc. (“Provider”) to provide Tactical Resources with corporate marketing and investor awareness services (“Services”). I am pleased to announce the Including, but not limited to, content creation management, author sourcing, project management, digital media distribution, etc. In consideration of the Services, we have agreed to pay Provider his media distribution budget of US$250,000 for one month of his services.
On behalf of the Board of Directors,
~ Ranjeet Sunder ~
Chief Executive Officer and Director
tactical resource company
About Tactical Resource Corporation(CSE: Rare) (OTC: USREF)
Tactical Resources is a rare earth focused mineral exploration and development company based in Vancouver, British Columbia, which owns the Peak Project in West Texas, the Lac Ducharme Property in Quebec, and the SAM Property in North Saskatchewan. doing. The company is also actively involved in the development of innovative metallurgical processing technologies to further unlock the potential of REE development. For more information, visit www.tacticalresources.com and follow us on Twitter.
Forward-Looking Information Disclaimer
To the extent that this news release is not historical fact, this news release contains statements and information that may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections and statements regarding future plans, objectives or economic performance or the assumptions underlying any of the foregoing. In some cases, forward-looking statements are “may,” “would,” “could,” “will,” “likely,” “exclude,” and “expect.” can be identified by terms such as , “believe” and “intend”. , “plans”, “forecasts”, “plans”, “estimates”, “outlooks” or other similar expressions relating to the negative of these or matters that are not historical facts. Examples of such statements include, but are not limited to, statements regarding his PEA planning work that Forte will complete.
Forward-looking information is based on assumptions made in light of management’s experience, trends, perceptions of current conditions, expected developments and other factors that management believes to be relevant and reasonable. , based on estimates, analyzes and opinions. As of the date such statements are made, they may prove to be inaccurate. Factors and assumptions include, but are not limited to, key personnel and qualified employees who continue to be involved with the Company. our ability to secure additional funding on reasonable terms; competitive conditions in the sectors in which we operate; Laws and Amendments Applicable to Us.
Forward-looking information involves known and unknown risks, uncertainties and the Company’s actual results, performance or performance may differ materially from future results, performance or performance expressed or implied by forward-looking information. It includes other factors that can cause different. risks associated with our future business plans; The risk that we may not be able to secure key personnel; the risk that we may not be able to secure funding on reasonable terms, as well as all other risks described under the heading “Risk Factors” in our long-term prospectus dated February 28, 2022; or the risk of not being funded at all. Accordingly, readers should not place undue reliance on such forward-looking information. In addition, forward-looking information speaks only as of the date such statements are made. New factors emerge from time to time and it is not possible for our management to predict all such factors and the extent to which each such factor, or factor or combination of factors, will affect our business. It is impossible to assess in advance who will be affected. Actual results may differ materially from those contained in the forward-looking information. We do not use forward-looking information to reflect information or events after the date they were made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. shall not be obliged to update to
CSE has neither endorsed nor disapproved of the contents of this news release. Neither CSE nor its market regulators (as that term is defined in CSE’s Policy) assumes responsibility for the adequacy or accuracy of this release.
tactical resource company
PR for investors
Email: [email protected]
Phone: +1 (778) 588-5483
Matt Chatterton, Director
Phone: +1 (778) 613-2068
Email: [email protected]
Tactical Resources Advances Preliminary Economic Assessment Plan for Peak Texas Project, The Canadian Business Journal
Source link Tactical Resources Advances Preliminary Economic Assessment Plan for Peak Texas Project, The Canadian Business Journal