Tactical Resources Confirms Effectiveness of Share Consolidation; Will Trade on Nasdaq Under Ticker Symbol “TREO” on August 20, 2026
VANCOUVER, British Columbia — Tactical Resources Corp. (“Tactical” or the “Company”) (Nasdaq: TREO) today confirmed that the four (4)-for-one (1) consolidation (the “Consolidation”) of its common shares (“Common Shares”), previously announced in connection with the completion of the Company’s business combination with Plum Acquisition Corp. III (the “Business Combination”), has become effective and that Common Shares will trade on the Nasdaq Capital Market on Thursday, August 20, 2026, under the ticker symbol “TREO.”
Following the Consolidation, the Company has approximately 13,612,034 Common Shares outstanding. No action was required of shareholders in connection with the Consolidation; positions held in brokerage accounts were adjusted automatically, and registered holders received instructions from the transfer agent, Continental Stock Transfer & Trust Company (“Continental”), if any action was needed.
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In connection with the Consolidation, the Common Shares have been assigned a new CUSIP number: 87356V306.
In connection with the Business Combination, the Company has elected to distribute the share consideration directly to shareholders on a push-out basis. Accordingly, shareholders are not required to take any action or submit any documentation in order to receive their share consideration.
Registered shareholders can expect to receive their share consideration in the form of Direct Registration System (DRS) statements mailed by Continental. Beneficial shareholders whose shares are held through a broker, bank, or other nominee can expect to have their share consideration credited to their brokerage or custodial accounts by their respective intermediaries in the ordinary course. Beneficial shareholders are encouraged to contact the intermediary through whom their shares are held if they have any questions or concerns regarding the receipt of their share consideration.
Full details of the Business Combination, the Consolidation and related matters are set out in the Company’s press release dated August 13, 2026, and the Company’s management information circular dated November 17, 2025, available under Tactical’s SEDAR+ profile at www.sedarplus.ca .
Tactical Resources is a mineral exploration and development company focused on building a secure, domestic supply chain for rare earth elements critical to advanced technologies, including semiconductors, electric vehicles, robotics, aerospace systems, and national defense applications. The Company is advancing the Peak Project, a prospective U.S.-based rare earth asset, as part of its strategy to help reduce reliance on foreign-controlled supply chains and strengthen North American critical mineral security.
In addition to resource development, Tactical Resources is actively pursuing innovative metallurgical processing and separation technologies designed to improve the economics, scalability, and sustainability of rare earth production. Through its integrated approach spanning exploration, development, and processing, the Company aims to become a key participant in the rapidly growing U.S.
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