- Tactical Resources (RARE) provides rare earths sector outlook & corporate update
- The company is planning exploration and metallurgy test work on materials from its Peak Project in Texas
- Tactical Resources is developing an integrated approach to discovery exploration programs for the Lac Ducharme property in Quebec
- Tactical Resources is a Canada-based mineral exploration and development company focused on rare earth elements
- Tactical Resources Corp. (RARE) opened trading at $C0.80 a share
Tactical Resources (RARE) provided investors with an update on its two rare earth elements (REE) projects.
The Peak project, found within the Sierra Blanca Complex, is located 68 miles southeast of El Paso, Texas. The ongoing Sierra Blanca Quarry operations include the production of ballast (fill) for the Union Pacific Railway.
As part of the initial development work program, the company is planning exploration and metallurgy test work on materials from the project.
The company’s Lac Ducharme Property in Quebec is located in the Manicouagan regional county municipality, 150 km north of the largest regional city, Baie-Comeau.
By building on previously completed surface sampling and geochemistry, Tactical Resources is developing an integrated approach to discovery exploration programs for the Lac Ducharme property.
The company has extended the window of the next tranche of expenditures for its work program to Nov 1, 2022, to take advantage of the summer exploration season.
Company CEO, Ranjeet Sundher commented that world events are unfolding quickly and increasing pressure to produce domestic REE is being felt across the entire North American sector.
“We are understandably excited to have two intriguing properties with beneficial potential. In Texas we believe we have an opportunity to fast-track production far more quickly than what would be required at traditional mineral development projects, and our Lac Ducharme property could prove to have important scalable potential. We have a highly motivated team and look forward to further developing and accelerating our progress in building shareholder value through hard work and solid results.”
Tactical Resources is a Canada-based mineral exploration and development company focused on rare earth elements (REE).
In April 2022, the Biden administration signed the Defense Production Act to support the mining, processing, and recycling of critical materials, and Tactical Resources wants to become the premier North American supplier of Rare Earths products for the US supply chain.
Tactical Resources Corp. (RARE) opened trading at $C0.80 a share.