Strategic Rare Earth Expansion: Tactical Shares Drop 5% Amid Brazil Project Milestones

Corporate News

Tactical (TREO)

• Price movement: The Tactical share price closed 4.79 % lower on Wednesday 21 November 2026, with a 24‑hour trading volume of approximately USD 147.5 k.
• Current price: USD 1.79.
• Outstanding shares: 13.6 million.
• Market capitalization: USD 25.6 million.
• Trend: Since the end of last month the share price has declined 55.91 %.
• Technical indicators: 200‑day simple moving average is USD 3.90.
• 52‑week range: Highest price USD 9.20 (20 August 2026); lowest price USD 1.60 (16 October 2026).

Recent corporate developments

• Brazilian Rare Earths Limited:

• Updated September 2026 results indicate that the Monte Alto resource now shows ultra‑high grades.

• Additional drilling has expanded the mineralisation envelope, creating new growth corridors.

• First concentrate produced at the Camaçari processing hub.

• Partner funding secured for a hydrometallurgical pilot; commissioning expected in early 2027.

• The company reports a solid balance sheet, substantial cash reserves and no borrowings.

• Perpetual Resources Ltd:

• Initiating a resource‑definition drilling program at the Raptor Rare Earth Project.

• Program will focus on systematic infill and extension drilling to delineate high‑grade, near‑surface rare‑earth mineralisation.

• The project follows recent interest in the Poços de Caldas district.

• The company aims to improve its resource base and support future development plans.

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All figures are accurate as of the closing time of the respective markets on the stated date.