The SPAC Podcast: Special Purpose Acquisition Company

Why Now Is the Moment for Rare Earths And Why Tactical Resources

Joshua Wilson

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Kanishka Roy explains why Plum believes now is the right time to back a rare earths company like Tactical Resources. 

He breaks down the massive global demand across tech-enabled industries, the geopolitical supply constraints tied to China’s dominance, and why scale and near-term operational capability are critical differentiators in this sector.



Disclaimer: Michael J. Blankenship is a licensed attorney and partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is for informational and educational purposes only and should not be considered legal, financial, or compliance advice. All views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, law firm, organization, or employer. Listeners should consult their own legal counsel, compliance teams, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services. Let's 

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Mike Blankenship: can you tell me why did Plum decide now is the right moment to back a rare Earth's company like tactical resources? 

Kanishka Roy: Yeah, excellent question. So if you look at the demand dynamics in this sector, rare earths are used in every forward looking and tech enabled vertical industry that you can think of, whether it's.

Healthcare, energy, semiconductors, automotive, aerospace, national defense. So the opportunity is truly massive and it's almost like it's not demand constrained. So companies are just desperate to secure their supply. Of rare earths, especially for the coming decades. Now, if you flip that and look at some of the constraints that have developed on the supply side, what so happens that 80 to 90% of the world's rare earths come from China, and given the way geo-politics are playing out in front of our eyes, the administration has rightfully made it a priority to wean the US off of China's rare earths and.

We think the requirements for us companies to have US sourced railroad supply chains are just beginning, and the mandates are gonna continue. So then the question is, where are these US sourced railroads gonna come from? And this is where there is some noise and some misinformation on the supply side.

Many companies claim to have a solution and are banging the drum in the media, but when you dig in, it's apparent that a. They're really not near term solutions. Most of them don't even have an operational mind, and they could be a decade and multiple billions in CapEx away from actually. Having operations and or B, they just don't have the scale even at steady state to be relevant.

So to our knowledge, MP materials and tactical resources are the only two US companies that have existing feed stock to pro provide and process rare earths at scale. And in the near term. That's the reason, both companies have, have operational lines for several decades and are not starting from scratch.

So the inflection point on why the moment is now massive demand supply constraints, and we're one of the two games in town to solve this problem at scale and in the near term.