Tactical Resources (TREO) investor relations material

Executive summary

• Plum III Merger Corp. (PubCo) and Tactical Resources Corp. completed a business combination, with PubCo becoming the parent company and changing its name to Tactical Resources Corp. upon closing. The transaction included a reverse stock split and the issuance of new shares and warrants, with PubCo shares expected to trade on Nasdaq under the symbol TREO.

• An Asset Purchase Agreement was executed for the acquisition of 1.5 million tons of processed crushed aggregate from Sierra Blanca Quarry, with consideration paid in PubCo shares, further expanding the company's asset base.

Financial highlights

• As of April 30, 2026, pro forma combined cash and cash equivalents were $8.3 million, total assets $39.2 million, and total liabilities $25.4 million.

• Share capital post-transaction was $32.5 million, with an accumulated deficit of $21.6 million and total equity of $13.8 million.

• For the nine months ended April 30, 2026, the pro forma combined net loss was $5.75 million, and for the year ended July 31, 2025, the net loss was $12.03 million.

• The acquisition of crushed aggregate inventory was valued at $30 million, paid via 750,000 PubCo shares at $40/share.

Outlook and guidance

• The company faces substantial doubt about its ability to continue as a going concern without additional financing, as highlighted by both management and auditors.

• The company is pursuing a $100 million standby equity purchase agreement (SEPA) with Yorkville to support future capital needs.

• The business plan focuses on the extraction and commercialization of rare earth elements (REE) from acquired tailings and aggregate assets.