Tactical Resources Corp. (Nasdaq: TREO) (“Tactical” or the “Company”), a U.S.-focused rare earth elements development company, today announced the appointment of Steve Vanry as Senior Advisor and Thristian Michel as Manager of Business Development, Texas. The appointments strengthen the Company’s corporate leadership and its on-the-ground presence in Texas as Tactical advances the Peak Project.
Tactical is advancing the Peak Project, a rare earth elements project located within the active Sierra Blanca Quarry in Hudspeth County, Texas. The project benefits from existing infrastructure, previously mined and accessible rare earth-enriched material, and a unique mineralogical profile that supports simplified, clean processing.
“These appointments reflect the momentum and intentionality behind Tactical as we enter our first weeks as a public company,” said Ranjeet Sundher, Chief Executive Officer of Tactical. “Thristian brings project execution experience on the ground in Texas. Steve brings capital markets discipline on the corporate side. We are building the team to match the opportunity in front of us.”
Thristian Michel, Manager of Business Development, Texas
Mr. Michel is an accomplished commercial senior project manager with over 24 years of experience in project development, construction management and design coordination, spanning projects valued at more than $120 million in aggregate. He has managed complex projects from development through construction, coordinating teams and delivering projects efficiently and to a high standard. A lifelong Texan, Mr. Michel is based in the state where the Company’s Peak Project is located.
Steve Vanry, Advisor
Mr. Vanry has 30 years of professional experience in senior management and director positions with public and private companies, providing expertise in capital markets, strategic planning, regulatory compliance, accounting and financial reporting. His breadth of experience spans various industries, with a key focus on mining, oil and gas, renewable energy and energy technology. Mr. Vanry holds the right to use the Chartered Financial Analyst (CFA) and Chartered Investment Manager (CIM) designations and is a member of the CFA Institute and the Vancouver Society of Financial Analysts.
Tactical’s common shares began trading on the Nasdaq Capital Market on August 20, 2026 under the ticker symbol “TREO”.
About Tactical
Tactical 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 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. critical minerals ecosystem.
For additional information, please visit www.tacticalresources.com.
Forward-Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, Tactical’s or its management team’s expectations concerning the outlook for Tactical’s business, productivity, plans, and goals for future operational improvements and capital investments, operational performance, future market conditions, or economic performance and developments in the capital and credit markets and expected future financial performance, including expected net proceeds, expected additional funding, the support of key stakeholders in the U.S. government, growth prospects and outlook of Tactical’s operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of Tactical’s projects, as well as any information concerning possible or assumed future results of operations of Tactical. Forward-looking statements also include statements regarding the expected benefits of the Business Combination. The forward-looking statements are based on the current expectations of the management team of Tactical, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) market risks; (i) the outcome of any legal proceedings that may be instituted against Tactical or Plum related to the Business Combination; (iii) failure to realize the anticipated benefits of the Business Combination; (iv) the risk that the price of Tactical’s securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which Tactical plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business; (v) the inability to implement business plans, forecasts, and other expectations, identify and realize additional opportunities, and manage its growth and expanding operations; (vi) the risk that Tactical may not be able to successfully develop its mining projects, and/or its expansion plan; (vii) the risk that Tactical will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all; (viii) political and social risks of operating in the U.S. and other countries; and (ix) the operational hazards and risks that Tactical faces. The foregoing list is not exhaustive, and there may be additional risks that Tactical presently does not know or that Tactical currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this press release and the other risks and uncertainties described in the Registration Statement on Form F-4 and the amendments thereto, which was initially filed by Tactical with the SEC on October 29, 2024. Tactical cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this press release speak only as of the date of this press release. Tactical does not undertake any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that Tactical will make additional updates with respect to that statement, related matters, or any other forward-looking statements.
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