Tactical Resources Appoints P. Lourcey Sams, Chairman of the Pecos River Commission, as Special Advisor

Strategic Advisor to Support Commercial Partnerships, Economic Development and Growth Initiatives Across Texas and the Southern United States

DALLAS--(BUSINESS WIRE)--Tactical Resources Corp. (Nasdaq: TREO) (“Tactical” or the “Company”), a U.S.-focused rare earth elements company, today announced the appointment of P. Lourcey Sams as Special Advisor, effective September 23, 2026. Mr. Sams was appointed by the President in April 2026 as U.S. Commissioner and Chairman of the Pecos River Commission.

Mr. Sams is a Midland, Texas energy executive with nearly five decades of experience across most of the oil and gas basin in the United States. Mr. Sams is a Midland, Texas-based energy and business executive with nearly five decades of experience spanning energy, commercial development and regional economic development. He is co-founder, Chairman, CEO and President of Pennant Development and Production, LLC, and has served as President of Banner Energy, Inc. since 1988.

Advisory Role

As Special Advisor, Mr. Sams will support Tactical’s growth strategy, including:

• Advising on market entry, expansion and commercialization strategies across Texas and the Southern United States
  
  
• Identifying and facilitating introductions to strategic partners, suppliers, customers, joint venture partners, feedstock providers, offtake partners and other commercial counterparties
  
  
• Supporting relationship development with state and local government bodies, economic development agencies, industry associations, utilities, logistics providers and other regional stakeholders
  
  
• Helping identify state and local funding, grant and economic development opportunities
  
  
• Leveraging his network and experience to support strategic partnerships, capital engagement and other opportunities that advance Tactical’s growth objectives

Mr. Sams will serve in an advisory capacity and is not a director or officer of the Company.

Background

Mr. Sams began his career as Senior Landman for Amoco Production Company’s West Texas and New Mexico Division and has more than forty years of experience in land, trade negotiation and government regulation. He served as CEO of Brazos Valley Water Alliance, L.P., and is co-founder and President of the Pecos River Resolution Corporation. He is Past Chairman of the Midland Development Corporation and was appointed by Texas Governor Mark White to the Interstate Oil and Gas Compact Commission. He graduated from Austin College in Sherman, Texas.

“Lourcey brings decades of experience in energy, business and economic development, together with deep relationships across Texas,” said Ranjeet Sundher, Chief Executive Officer of Tactical Resources. “As we advance the Peak Project into its next phase, his network and judgment will be valuable in helping us build strategic and commercial relationships, engage with regional stakeholders and identify opportunities that support our development strategy.”

“Texas has the industrial base, the energy and the infrastructure to build a domestic rare earth supply chain,” said Mr. Sams. “Tactical has material already out of the ground in West Texas. I want to help connect the company with the partners and opportunities that can move it forward.”

About Tactical Resources

Tactical Resources is a natural resources company focused on 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 in Hudspeth County, Texas, as part of its strategy to help build a secure domestic supply chain, reduce reliance on foreign-controlled sources and strengthen North American critical mineral security.

Tactical Resources is also pursuing innovative metallurgical processing and separation technologies designed to improve the economics, scalability, and sustainability of rare earth production. Through this integrated approach, 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; (ii) 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 may 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.