# Tactical Resources and Plum to merge in $589M deal for Peak Project

Tactical Resources Corp and Plum Acquisition Corp. have entered into a definitive business combination agreement valued at $589 million. The deal aims to advance the Peak Project, a rare earth elements project in Texas.

- Type: Acquisition
- Announced: 2024-08-26
- Where: El Paso, Texas, United States
- Value: $589.0M
- Status: announced
- Products: rare earth elements
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Tactical Resources Corp](https://endata.com/companies/79374.md)
- [Plum Acquisition Corp](https://endata.com/companies/79375.md) (acquirer)

## Sources

- [miningconnection.com](https://miningconnection.com/surface/news/article/tactical_resources_and_plum_acquisition_to_merge_in_589_million_deal_to_adv), 2024-08-26: "We believe that this business combination with Plum will enable us to advance our growth strategy and form strategic alliances."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.