Tactical Resources Completes Business Combination with Plum Acquisition Corp. III and Prepares for Nasdaq Listing

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In practical terms, every four (4) New PubCo Common Shares held before the Consolidation will be automatically converted into one (1) New PubCo Common Share. The Consolidation is expected to take effect on Monday, August 17^th, and the New PubCo Common Shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol “TREO” on Tuesday, August 18^th.

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What the Consolidation Means for Shareholders

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Man Ching (“Jenny”) Shen Appointed Chief Financial Officer

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Jenny Shen has been appointed Chief Financial Officer of New PubCo. Ms. Shen is a Chartered Professional Accountant with more than a decade of experience in financial reporting, regulatory compliance, and capital markets for publicly traded and private companies. She has extensive experience preparing and reviewing financial statements and management reporting under both U.S. GAAP and IFRS, gained across roles in the United States and Canada.

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Since 2023, Ms. Shen has served as Accounting Manager and Controller at Quantum Advisory Partners LLP (“Quantum”), a professional services firm providing Chief Financial Officer and full-cycle accounting services to private and public companies, where she leads financial reporting and regulatory compliance functions for multiple public companies and coordinates with auditors, legal counsel, transfer agents, and regulators on continuous disclosure obligations, financings, and corporate transactions. While at Quantum, Ms. Shen has acted as Controller for Tactical Resources Corp., working directly with Tactical’s Chief Financial Officer, Mr. Alnesh Mohan.

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Prior to joining Quantum, she served as Senior Accountant and Commissions Manager at Kapitus LLC in New York, where she managed month-end and year-end close processes, revenue recognition, commission accounting, and financial reporting under U.S. GAAP, and prepared management reporting packages and supporting schedules for external audits. Effective upon the Closing, Ms. Shen has assumed the role of Chief Financial Officer on a full-time basis, succeeding Mr. Mohan. She holds a Bachelor of Business Administration in Finance and Accounting from Simon Fraser University.

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About Tactical Resources

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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.

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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. critical minerals ecosystem.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Forward-Looking Statements

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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, New PubCo’s or its management team’s expectations concerning the outlook for its 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 additional funding, the support of key stakeholders in the U.S. government, the expected commencement of trading of New PubCo Common Shares on the Nasdaq Capital Market, the Transfer Restrictions, growth prospects and outlook of New PubCo’s operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of New PubCo’s projects, as well as any information concerning possible or assumed future results of operations of New PubCo. 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 New PubCo 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; (ii) the outcome of any legal proceedings that may be instituted against New PubCo related to the Business Combination Agreement or the Business Combination; (iii) failure to realize the anticipated benefits of the Business Combination; (iv) the inability to meet listing requirements to list New PubCo’s securities on Nasdaq; (v) the risk that the price of New PubCo’s securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which New PubCo 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, and changes in the combined capital structure; (vi) the inability to implement business plans, forecasts, and other expectations after the completion of the Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations; (vii) the risk that New PubCo may not be able to successfully develop its mining projects, and/or its expansion plan; (viii) the risk that New PubCo will be unable to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (ix) political and social risks of operating in the U.S. and other countries; (x) the operational hazards and risks that New PubCo faces; and (xi) the risk that additional financing may not be raised on favorable terms, or at all. The foregoing list is not exhaustive, and there may be additional risks that New PubCo presently does not know or that New PubCo 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 “Risk Factors” section of Plum’s Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on April 1, 2026, the risks described in the Registration Statement on Form F-4 and the amendments thereto, which was initially filed by New PubCo on October 29, 2024 and includes a proxy statement/prospectus, and those discussed and identified in filings made with the SEC by Plum and New PubCo and filings made by Tactical with the Canadian Securities Administrators (the “CSA”) from time to time. New PubCo 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. New PubCo undertakes no obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, except as required by law. In the event that any forward-looking statement is updated, no inference should be made that New PubCo will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear in New PubCo’s public filings with the SEC, or Tactical’s filings with the CSA, which are or will be (as appropriate) accessible at www.sec.gov or on SEDAR+ at www.sedarplus.ca, and which you are advised to review carefully.

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