VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“ Tactical Resources ” or the “ Company ”) is pleased to announce that the Company has received confirmation from the TSX Venture Exchange (the “TSXV”) that the common shares in the capital of the Company (the “ Common Shares ”) are expected to commence trading on the TSXV effective market open on August 31, 2023.

In connection with the listing of the Common Shares on the TSXV, the Company has submitted a request to voluntarily delist the Common Shares from the Canadian Securities Exchange (“ CSE ”). The CSE delisting is expected to be effective at the close of the market on August 30, 2023.

The Company's trading symbol “RARE” will remain unchanged, and shareholders will not be required to take any action in connection with the CSE delisting and TSXV listing. The Company’s common shares shall continue to trade on the OTC under the symbol “USREF”.

About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)
Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Peak Project in western Texas. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock rare earth element development potential. Find out more at: www.tacticalresources.com and follow us on Twitter .

About the Peak Project
The Peak project is located 68 miles southeast of El Paso Texas and two miles southeast of the Round Top Rare Earth Element (REE) project owned by Texas Minerals Resources Corporation/USA Rare Earth (20/80% ownership split). Tactical Resources is party to an agreement with the Sierra Blanca quarry that allows, for a fee, access to and a right of first purchase option to tailings material on the Sierra Blanca property, together with certain rights related to development and processing of the tailing material.

CONTACT INFORMATION

Tactical Resources Corp.
Investor Relations
Email: [email protected]
Telephone: +1 (778) 588-5483
Matt Chatterton, Director Tel: +1 (778) 613-2068
Email: [email protected]
Media Inquiries [email protected]

FORWARD LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the proposed delisting of the Common Shares on the CSE and the proposed listing of the Common Shares on the TSXV. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or “belief”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

The CSE has neither approved nor disapproved the contents of this news 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.

VANCOUVER, British Columbia, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements that drive the critical technologies of the future , is pleased to provide a Corporate Update regarding the Company’s Peak Project Property (the “Peak Project” or the “Property”) located 68 miles southeast of El Paso, Texas.

Key Highlights

• Established the Peak Project Property as our flagship asset as a result of initial findings as published in N.I. 43-101 report published September 2022.
• Promptly initiated a Phase-1 work program to expedite PEA planning towards production feasibility.
• Implemented specific studies aimed at developing best practice production methods and anticipated yields.
• Commenced economic assessments to evaluate economic viability, sustainability, and key drivers.

Property Description
The Peak Project is situated two miles southeast of the well publicized Round Top Rare Earth Element (REE) project co-owned by Texas Minerals Resources Corporation and USA Rare Earth, LLC in a 20/80% ownership arrangement. It is situated within the Sierra Blanca quarry that allows, for a fee, access to and a right of first purchase option to tailings material on the property, together with certain rights related to development and processing of the tailing material. The Sierra Blanca Quarry is currently operational and produces ballast (fill) material for the Union Pacific railway.

Company CEO Ranjeet Sundher notes, “We are highly confident regarding our exciting West Texas rare earth opportunity. Once we established the Peak Project Property as our flagship asset, the Tactical Resources team promptly got busy and focused on working to move our Phase-1 work plan ahead. We quickly established a technical focus as the key priority to advance our understanding of the project. As such, I am pleased to disclose the following outline of current and proposed activities.”

Workplan Outline
The various aspects of the Phase-1 Property work plan and integrated technical studies are outlined below:

1. Sample Characterization
2. Bench-scale Leach Testing
3. Bulk-scale Leach Testing
4. Permeability Testing
5. Desktop Benchmarking and Scoping Study
   

Sample Characterization:
Comprehensive sample characterization serves as the foundation of Tactical’s Phase-1 Work Program. Discrete samples were collected from various locations across the property, and then blended to create composites representing potential feed blends for downstream processing. The purpose of the sample characterization studies is to establish an initial GeoMetallurgical database to support current and future studies. The composite samples are being subjected to the following characterization test work:

• Multi-element analyses, base metals, and fluoride
• Multi-element analyses, rare earth metals (REEs), and lithium
• Mineralogical analyses
• Particle size analyses, and assay-by-size analyses
• Sulfur speciation, carbon speciation
  

Bench-scale Leach Testing:
Bottle-roll tests are being used to evaluate bench-scale leach extraction and to assess maximum extraction potential at fine particle sizes. Bottle-roll extraction tests will also be used to evaluate the suitability of the material to milling and agitated tank leaching processing scenarios. This test may also be used as a potential proxy to predict column leach test performance and to understand the particle size versus recovery relationship of the fine spectrum of the potential feed material. The bottle-roll test program is designed to understand the influence of the following metallurgical parameters on leach extraction:

• Particle size
• Leach time
• Reagent type
• Reagent concentration

Bulk-scale Leach Testing:
Column leach tests and flooded vat leach tests are being used to evaluate bulk-scale leach extraction and to assess leach recovery potential at coarse particle sizes. These tests will also be used to evaluate the suitability of the material to heap-leach and vat-leach processing scenarios and to generate technical data to predict potential operational outcomes. The test programs are designed to understand the influence of the following metallurgical parameters on leach performance:

• Particle size
• Leach time
• Reagent concentration
• Irrigation flowrate
• Reagent consumption
• Open circuit vs closed circuit leaching
• Dissolution and diffusion parameters
• In series vs parallel circuit leaching

Permeability Testing:
ASTM Procedure D2434 – 22 is being used to evaluate the hydraulic conductivity characteristics of potential feed blends. The tests are also being used to evaluate the suitability of the material for irrigation leaching under stacked lift conditions and processing scenarios. The test programs are designed to understand the influence of the following parameters on permeability performance:

• Particle size distribution (coarse and fines)
• 250 micron content in feed blend
• 500 micron content in feed blend
  

Desktop Benchmarking and Scoping Study:
A desktop benchmarking and scoping study is being performed to evaluate the key value drivers and potential economic viability of the project. The purpose of the desktop study is to help highlight the potential technical scenarios and processing options that could generate the highest likelihood of yielding a potentially economically viable project, and to subsequently inform future development studies. The study is designed to understand the influence of the following metrics on the project:

• Processing flowsheet
• Metallurgical recovery
• Preliminary process design criteria
• Operating life
• Production throughput
• Product pricing
• Capital & operating costs
• Sensitivity analysis

“Tactical Resources is bringing a detailed approach and level of technical rigor that such an advanced project deserves,” adds CEO Sundher. “We are very pleased to advise that we have passed the crucial mid-point in our Phase-1 work program and are increasingly excited by the trajectory of our Phase-1 work program. We look forward to publishing conclusive results of the various tests as they become available. The market sector, and investment community have long understood that project development and processing of critical elements found in rare earth mineralization encompasses a range of highly specialized, complex, and multi-faceted initiatives. We are fortunate to be supported by a world class technical team and are proud of what have achieved thus far. We believe that the value of the REE sector will continue to grow exponentially, especially as global conflicts continue to expand. With this in mind, we look forward to participating in providing an important domestic source of critical minerals while generating meaningful value for our shareholders.”

On Behalf of The Board of Directors

~Ranjeet Sundher~

Ranjeet Sundher
Chief Executive Officer & Director
Tactical Resources Corp.
www.tacticalresources.com

Qualified Person

The Company’s disclosure of metallurgical information in this press release has been reviewed and approved by Norman Chow, P.Eng, of Kemetco Research. Mr, Chow is a consultant to the company and is a Qualified Person as defined under the terms of National Instrument 43-101

About the Peak Project
The Peak project is located 68 miles southeast of El Paso, Texas and two miles southeast of the Round Top Rare Earth Element (REE) project owned by Texas Minerals Resources Corporation/USA Rare Earth (20/80% ownership split). Tactical Resources is party to an agreement with the Sierra Blanca quarry that allows, for a fee, access to and a right of first purchase option to tailings material on the Sierra Blanca property, together with certain rights related to development and processing of the tailing material.

About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)
Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Lac Ducharme property located in Quebec, and the Peak Project in western Texas. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. Find out more at: www.tacticalresources.com and follow us on Twitter.

The CSE has neither approved nor disapproved the contents of this news 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.

CONTACT INFORMATION

Tactical Resources Corp.
Investor Relations
Email: [email protected]
Telephone: +1 (778) 588-5483

Matt Chatterton, Director
Tel: +1 (778) 613-2068
Email: [email protected]

Media Inquiries [email protected]

FORWARD LOOKING STATEMENTS

This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company’s businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or “belief”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of rare earth metals; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Tactical Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward- looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements.

VANCOUVER, British Columbia, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements that drive the critical technologies of the future, announces that the Company’s condensed consolidated interim financial statements for the nine months ended April 30, 2023 (the “Amended Financial Statements”) and corresponding management discussion and analysis (the “Amended MD&A”) have been refiled to correct the expiry date of 2,856,500 warrants to March 4, 2024, instead of May 13, 2023, which was previously stated in the financial statements (the “Former Financial Statements”) and management discussion and analysis (the “Former MD&A”) filed on June 20, 2023. All other information in the Amended Financial Statements and Amended MD&A remains the same as Former Financial Statements and Former MD&A.

On Behalf of The Board of Directors

~Ranjeet Sundher~

Ranjeet Sundher
Chief Executive Officer & Director
Tactical Resources Corp.
www.tacticalresources.com

About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)
Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Lac Ducharme property located in Quebec, and the Peak Project in western Texas. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. Find out more at: www.tacticalresources.com and follow us on Twitter.

The CSE has neither approved nor disapproved the contents of this news 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.

CONTACT INFORMATION

Tactical Resources Corp.
Investor Relations
Email: [email protected]
Telephone: +1 (778) 588-5483

Matt Chatterton, Director Tel:
+1 (778) 613-2068
Email: [email protected]

Media Inquiries
[email protected]

VANCOUVER, British Columbia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements (“REEs”) that drive the critical technologies of the future, is pleased to provide a year in review summary of activities.

Key Highlights :

• Achieved successful public listings
• Transitioned Texas-based Peak Project into flagship asset
• Achieved positive initial metallurgical extraction results from bench-scale test work
  • Total Rare Earth Element (TREE) plus Yttrium (Y) preliminary extraction rates range from 88% to 96%
• Identified potential lithium by-product opportunity
• Initiated strategic plans aimed to expedite PEA planning towards production scenarios

“It’s been an exciting and busy year in the relatively short history of Tactical Resources,” notes Company CEO Ranjeet Sundher. “We hit the ground running with our Texas-based Peak Project and really haven’t slowed down since. Peak continues to build from strength-to-strength as we believe it becomes more evident that our initial assessment of this flagship property was well founded. Partnering with a pre-existing and fully operational rock quarry was a major value-driver for us. At the quarry, we observed the potential for REE rich material in our initial analysis and within the last year we have attained a number of notable milestones and are very proud of our achievements to-date. Here are some of the top highlights from the past year.”

Public Sector Highlights

In Q1 of 2022, the Company listed on the Canadian Stock Exchange (CSE) with access to public markets under the trading symbol “RARE.” By Q2, the Company had received DTC eligibility for U.S. trading to gain exposure to U.S. capital markets.

Strategic Planning

Throughout the first three quarters of the year, Tactical Resources grew internal and external partnerships (metallurgical, legal, marketing, financial, capital markets, technical, procurement, project management) to support our business growth plans. The team further performed industry and sector reviews to strengthen our corporate strategy with a key focus on domestic assets, advanced projects, and clean tech processing. Notably, the Company divested non-core assets to streamline its portfolio and focus resources by transitioning the Peak Project into its flagship asset. Find out more about the Peak Project at: https://tacticalresources.com/investors/#corporate-video .

Operational Activities

The Company completed a National Instrument (NI) 43-101 Technical Report for the Peak Project to serve as the foundation for future project development work. The Company also engaged several contractors and expanded its advisory team. Completion of initial Peak Project bench-scale metallurgical test work showed Total Rare Earth Element (TREE) plus Yttrium (Y) preliminary extraction rates ranging from 88% to 96%. The team went on to identify a potential lithium by-product opportunity which may enhance project value. Due to all of these positive indicators, company management has initiated Preliminary Economic Assessment (PEA) planning efforts to identify project development and value-add pathways.

In Conclusion

“We have identified what we believe is significant potential and are working towards an accelerated rare earth production model that we hope to elaborate upon in the coming months,” states CEO Sundher. “It’s a thrilling time to be involved in the critical minerals space in America, and we look forward to an even busier year ahead as we continue to unlock the potential of this exciting project.”

Tactical Resources is focused on becoming a premier North American developer of REE products to meet domestic supply chain needs. For more information, please visit the Tactical Resources website ( https://tacticalresources.com/ ).

On Behalf of The Board of Directors,

Sincerely,

~Ranjeet Sundher~

Ranjeet Sundher
Chief Executive Officer & Director
Tactical Resources Corp.
www.tacticalresources.com

Notes

The Company’s disclosure of metallurgical information in this press release has been reviewed and approved by Norman Chow, P.Eng, of Kemetco. Norman Chow is a Qualified Person as defined under the terms of National Instrument 43-101.

About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)

Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Lac Ducharme property located in Quebec, and the Peak Project in western Texas. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. Find out more at: www.tacticalresources.com and follow us on Twitter .

Forward Looking Information Disclaimer

This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In
some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company’s plans to expedite the PEA planning efforts.

Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto 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 forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s long form prospectus dated February 28, 2022, under the heading “Risks Factors.” Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

The CSE has neither approved nor disapproved the contents of this news 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.

CONTACT INFORMATION

Tactical Resources Corp.
Investor Relations
Email: [email protected]
Telephone: +1 (778) 588-5483

Matt Chatterton, Director
Tel: +1 (778) 613-2068
Email: [email protected]

Media Inquiries
[email protected]

VANCOUVER, British Columbia, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements (“REEs”) that drive the critical technologies of the future, is pleased to announce key extraction results from initial metallurgical test work for its Peak Project.

Key Highlights :

• Total Rare Earth Element (TREE) plus Yttrium (Y) preliminary extraction rates ranging from 88% to 96%.
• Advancement of direct leach extraction processing potential.
• Identification of a potential lithium by-product opportunity.
  

Tactical Resources CEO Ranjeet Sundher comments, “The results of these first tests are encouraging and provide a positive indication that we can extract the target minerals from the Peak Project. This gives us the green-light to take the next step in our process development journey, which will be to collect bulk samples from site for larger-scale testing to obtain a broader understanding of the metallurgical characteristics across the project. Additionally, the team is excited to be benchmarking Peak Project results relative to our peers, as well as further understanding the lithium opportunity potential”

Metallurgical Test Program Overview
The tests were conducted by Kemetco Research in Richmond, BC to assess direct leach amenability, and maximum extraction potential of REEs from samples taken from the Peak Project.

The initial focus areas were the fines stockpiles within Mining Lease M-114769. Tactical Resources collected 40 field samples from various locations across the property and provided these samples to American Assay Laboratories (AAL) in Sparks, NV, USA for preliminary assay work. The coarse crushed assay splits from AAL were shipped to Kemetco Research in June 2022 to conduct initial metallurgical testing to assess the extractability of REEs from select samples. The 40 field samples, all similar in composition, were combined based on spatial criteria to generate 6 composite samples identified as: Tails 1, Tails 2, Tails 3, Ballast, Old Tails, and Active Face. Tails 1, Tails 2, and Tails 3 were used for initial metallurgical testing, while Ballast, Old Tails, and Active Face were stored for potential future work.

Samples of Tails 1, Tails 2, and Tails 3 were submitted to Actlabs in Thunder Bay, ON, Canada for major elements and REEs determination by whole rock analysis by lithium metaborate/tetraborate fusion followed by ICP-OES and ICP-MS finish, and for fluoride by ion-selective electrode (ISE) methods. Lithium analysis was conducted by Kemetco Research by aqua-regia digestions followed by ICP-OES. Semi-quantitative x-ray diffraction (XRD) was conducted by the University of British Columbia (UBC), Department of Earth, Ocean and Atmospheric Sciences in Vancouver, BC, Canada. A summary of the head assays of select elements and calculated total rare earth oxides (TREO), light rare earth elements (LREE) and heavy rare earth elements (HREE) are provided in Table 1. XRD results are summarized in Table 2.

Table 1 – Head Assay Results:

Table 2 – XRD Results:

TREO, TREE, LREE, and HREE are calculated as defined by USGS Professional Paper 1802-0 (Van Gosen, B.S., Verplanck, P.L., Seal, R.R., II, Long, K.R., and Gambogi, Joseph, 2017, Rare-earth-elements , Chap. 0 of Schulz, K.J., DeYoung, J.H., Jr., Seal, R.R., II, and Bradley, D.C., eds., Critical mineral resources of the United States—Economic and environmental geology and prospects for future supply: U.S. Geological Survey Professional Paper 1802 , p. 01–031, https://doi.org/10.3133/pp1802O ).

TREO is calculated as the sum of the following rare earth oxides: Dy ₂ O ₃ , Lu ₂ O ₃ , Pr ₂ O ₃ , Nd ₂ O ₃ , Sm ₂ O ₃ , Tb ₂ O ₃ , Gd ₂ O ₃ , La ₂ O ₃ , Ce ₂ O ₃ , Er ₂ O ₃ , Yb ₂ O ₃ , and Y ₂ O ₃ . TREE is calculated as the sum of the following rare earth elements: Dy, Lu, Pr, Nd, Sm, Tb, Gd, La, Ce, Er, Yb, and Y. LREE is the sum of the following rare earth elements: Pr, Nd, Sm, Gd, La, and Ce. HREE is the sum of the following rare earth elements: Dy, Lu, Tb, Yb and Y. Y has properties of a heavy rare-earth element and as such is often reported along with the HREE.

According to the analytical results summarized in Tables 1 and 2, all three samples (Tails 1, Tails 2, and Tails 3) were similar in grade and mineralogy. The TREO varied between 358 mg/kg and 366 mg/kg. Yttrium values in the head samples varied from 149 mg/kg to 158 mg/kg. Lithium content was similar in all three samples, averaging 190 mg/kg. The main gangue minerals were quartz, plagioclase, and potassium feldspar. The silicon content in the head samples ranged between 33.72 wt. % and 34.38 wt. %. Aluminum, potassium, and sodium were on average 7.06 wt. %, 3.3 wt. %, and 3.2 wt. % respectively.

Initial direct leach scoping tests consisted of 4 work packages – select key results are summarized below:

1)   48-hour bottle roll extractions with 200 g/L sulfuric acid, at ambient temperature, and at two target grind sizes (P ₈₀ 61 μm and P ₈₀ 32 μm). The results of the 61 μm grind samples yielded TREE+Y extractions ranging from 88% to 93%. Reducing the target particle size from 61 μm to 32 μm did not appear to improve the extractions of the metals of interest.

2)   48-hour bottle roll extractions with 200 g/L hydrochloric acid, at ambient temperature, and at two target grind sizes (P ₈₀ 61 μm and P ₈₀ 32 μm). The results of the 61 μm grind samples yielded TREE+Y extractions below 21.5%. The results of the 32 μm grind samples yielded TREE+Y extractions below 25.3%.

3)   48-hour agitated tank extractions with 50 g/L sulfuric acid, at 90 ^o C, and at a single target grind size of P ₈₀ 32 μm. The results of the 32 μm grind samples yielded TREE+Y extractions ranging from 89% to 90%.

4)   48-hour agitated tank extractions with 50 g/L hydrochloric acid, at 90 ^o C, and at a single target grind size of P ₈₀ 32 μm. The results of the 32 μm grind samples yielded TREE+Y extractions ranging from 95.6% to 96.1%.

Full details of the metallurgical program can be found in the Peak Project NI 43-101 Technical Report filed on Sedar ( www.sedar.com )

Tactical Resources is also pleased to announce that it has extended its online marketing agreement (the “Agreement”) with Promethean Marketing, Inc. (the “Provider”) to provide corporate marketing and investor awareness services to Tactical Resources (the “Services”) including, but not limited to, content creation management, author sourcing, project management and digital media distribution. In consideration for the Services, the Company has agreed to pay the Provider a media distribution budget of US$200,000 for one month worth of services.

Tactical Resources is focused on becoming a premier North American developer of REE products to meet domestic supply chain needs. For more information, please visit the Tactical Resources website ( https://tacticalresources.com/ ).

On Behalf of The Board of Directors,

Sincerely,

~Ranjeet Sundher~

Ranjeet Sundher
Chief Executive Officer & Director
Tactical Resources Corp.
www.tacticalresources.com

Notes
The Company’s disclosure of metallurgical information in this press release has been collated and reviewed by Norman Chow, P.Eng, of Kemetco. Mr, Chow is a Qualified Person as defined under the terms of National Instrument 43-101.

About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)
Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Lac Ducharme property located in Quebec, and the Peak Project in western Texas. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. Find out more at: www.tacticalresources.com and follow us on Twitter .

About Kemetco Research Inc.
Kemetco Research is a private sector integrated science, technology, and innovation company. Kemetco’s Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy, and its clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.

Forward Looking Information Disclaimer
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company’s plans to take bulk samples from the Peak Project for larger scale testing and the Services to be provided by the Provider.

Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto 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 forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s long form prospectus dated February 28, 2022, under the heading “Risks Factors.” Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

The CSE has neither approved nor disapproved the contents of this news 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.

CONTACT INFORMATION

Tactical Resources Corp.
Investor Relations
Email: [email protected]
Telephone: +1 (778) 588-5483

Matt Chatterton, Director
Tel: +1 (778) 613-2068
Email: [email protected]

Media Inquiries
[email protected]

VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements (“REEs”) that drive the critical technologies of the future, is pleased to announce the appointment of Mr. Mark Mukhija as a member of the board of directors effective immediately.

Mr. Mukhija brings over 15 years of experience in the mining industry including roles with global mining companies such as Teck Resources, Barrick, BHP Billiton, and TransAlta. Since 2018, Mark has been the General Manager (Australia) for Motion Metrics, an industrial artificial intelligence and machine learning company catering to the mining industry with a specific focus on safety and productivity. Mr. Mukhija is responsible for the P&L, business development, project management, and logistics of the Motion Metrics (Australia) operations. With BHP Billiton, Mark was responsible for life of mine planning and asset value optimization. At TransAlta, Mr. Mukhija began as the Engineering Team Leader at the Sunhills Mine with 14 direct reports and then moved into a capital planning supervisory role where he was responsible for a $60mm annual capital expenditure budget for the operation. Mr. Mukhija is a Professional Engineer and graduate from the University of British Columbia with a Bachelor of Applied Science in Mining Engineering (2003).

Company CEO, Ranjeet Sundher, notes, “We welcome Mark to our team and look forward to working with him. His background and experience are an excellent fit for our growing enterprise, and we expect will greatly benefit our governance and oversight requirements. Every aspect of our performance, from fieldwork to capital markets will benefit from his participation.”

Directors Mark Mukhija and Garry Clark have each been granted 50,000 stock options (“Options”), with each Option exercisable for one common share of the Company at a price of $1.04 until September 29, 2024. The Options vest immediately, and are subject to a statutory hold period of four months plus one day.

Tactical Resources is fully focussed on becoming a premier North American developer of REE products to meet domestic supply chain needs, and further to this goal, the Company announces it will not exercise its option to acquire the SAM gold property in Saskatchewan, Canada. The Company terminated the property option agreement with respect to the SAM property effective September 30, 2022, and has no further obligations to make additional cash or share payments thereunder.

In furtherance of the company’s REE objective, Tactical is pleased to announce the filing of a technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects for the Lac Ducharme REE Project, Manicouagan, Quebec.

The technical report is titled “NI 43-101 TECHNICAL REPORT on the LAC DUCHARME REE PROJECT, MANICOUAGAN, QUÉBEC For TACTICAL RESOURCES CORP.” and has an effective date of September 29, 2022. This is an updated NI 43-101 report that has been written with regards to the Lac Ducharme and includes all technical work on the property to date and includes the 2021 and 2022 field work completed by Tactical Resources. The report was written by Martin Demers (P.Geo and Ordre des geologues du Québec). The technical report is available for download under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (www.tacticalresources.com).

On Behalf of The Board of Directors,

Sincerely,

~Ranjeet Sundher~

Ranjeet Sundher
Chief Executive Officer & Director
Tactical Resources Corp.
www.tacticalresources.com

About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)
Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Lac Ducharme property located in Quebec, and the Peak Project in western Texas. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. Find out more at: www.tacticalresources.com and follow us on Twitter .

Forward Looking Information Disclaimer
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the anticipated benefits to the Company of the appointment of Mr. Mukhija to its board of directors.

Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto 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 forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s long form prospectus dated February 28, 2022, under the heading “Risks Factors.” Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

The CSE has neither approved nor disapproved the contents of this news 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.

CONTACT INFORMATION

Tactical Resources Corp.
Investor Relations
Email: [email protected]
Telephone: +1 (778) 588-5483

Matt Chatterton, Director
Tel: +1 (778) 613-2068
Email: [email protected]

Media Inquiries
[email protected]

VANCOUVER, British Columbia, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Tactical Resources Corp. (CSE: RARE) (OTC: USREF) (“Tactical Resources” or the “Company”), a mineral exploration and development company focused on the rare earth elements (“REEs”) that drive the critical technologies of the future, is pleased to announce it has completed a geophysics work program at its Lac Ducharme Project in Canada’s province of Quebec.

Building on previously completed surface sampling and geochemistry at the Lac Ducharme project, a ground magnetic survey and a ground radiometric survey was performed in May and June 2022 by Exploration Facilitation Unlimited Inc. (“EFU”) on the Lac Ducharme Rare Earth project located within the Côte Nord Region in eastern Quebec. EFU, a comprehensive discovery-focused services company that specializes in advancing underexplored properties through their technical field services completed the field data collection for the program.

The Company also engaged the services of Consulting Geophysicist Jean Hubert, a professional engineer and member of l'Ordre de Ingénieurs du Québec and of the Society of Exploration Geophysicists (SEG) who processed and interpreted the resulting data generated by the EFU team.

The work program consisted of a magnetic and radiometric survey over the core of the property. The output lineaments will be used to gain a better spatial understanding of the structural geology and lithological units and how they relate to the known REE showings on the property. This survey is a key component of the toolbox approach to advance the Lac Ducharme project. The magnetic survey totaled 50.2 line-kilometers including 39.4 traverse lines and 10.7 of tie lines which were read with GMS-19V Overhauser magnetometer. The radiometric survey consisted of 894 measurements of the total radiation from near surface concentrations of key rare earth pathfinder elements potassium, uranium, and thorium.

Following processing, interpretation was completed by Consulting Geophysicist Jean Hubert to produce magnetic lineaments (Figure 1). These lineaments are key for structural analysis as they are potential indications for faults and allow interpretation in areas under cover with limited rock exposure.

Figure 1 – Total Magnetic Field with interpreted magnetic lineaments for the Lac Ducharme Project. Light Rare Earth Element occurrences are indicated with a yellow diamond.

Company CEO, Ranjeet Sundher, notes, “Our efforts in Canada are an important part of our overall strategic plan for the rare earth segment across North America. We are developing a strong portfolio that provides us with an ability to leverage increased private industry and governmental interest in the sector that offer both short-and long-term horizons of opportunity. In Canada, the government is working to ‘develop a comprehensive understanding of the nation’s mineral needs over the medium to long term,’ with nearly $4 billion proposed in the latest budget for a critical minerals strategy to boost supplies. Combined with our Company’s efforts in the USA, we are excited by the prospects the burgeoning REE sector can mean for Tactical Resource’s corporate growth and commensurate shareholder value on both sides of the border.”

Tactical Resources is focused on becoming a premier North American developer of REE products to meet domestic supply chain needs. For more information, please visit the Tactical Resources website.

On Behalf of The Board of Directors,

Sincerely,

~Ranjeet Sundher~

Ranjeet Sundher
Chief Executive Officer & Director
Tactical Resources Corp.
www.tacticalresources.com

Notes
Jean Hubert, P. Eng., geophysicist and consultant to the Company is the Qualified Person as defined in NI 43-101, who has reviewed and approved the scientific and technical content of the press release.

About Tactical Resources Corp. (CSE: RARE) (OTC: USREF)
Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Lac Ducharme property located in Quebec, the Peak Project in western Texas, and the SAM property in Northern Saskatchewan. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. Find out more at: www.tacticalresources.com and follow us on Twitter .

Forward Looking Information Disclaimer
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the geophysics work program to be undertaken by EFU and the anticipated results therefrom, and the Company’s strategic plan for its REE projects in North America.

Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto 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 forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s long form prospectus dated February 28, 2022, under the heading “Risks Factors.” Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

The CSE has neither approved nor disapproved the contents of this news 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.

CONTACT INFORMATION

Tactical Resources Corp.
Investor Relations
Email: [email protected]
Telephone: +1 (778) 588-5483

Matt Chatterton, Director
Tel: +1 (778) 613-2068
Email: [email protected]

Media Inquiries
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3b7bec5c-8939-4e1d-b468-72b9eacee644