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Last €15.50 EUR
Change Today +2.00 / 14.81%
Volume 100.0
TAEN On Other Exchanges
Symbol
Exchange
Dusseldorf
OTC US
Dusseldorf
As of 3:19 AM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

tantalus rare earths ag (TAEN) Snapshot

Open
€13.00
Previous Close
€13.50
Day High
€15.50
Day Low
€12.23
52 Week High
12/1/14 - €18.58
52 Week Low
04/23/15 - €9.50
Market Cap
64.4M
Average Volume 10 Days
358.4
EPS TTM
--
Shares Outstanding
4.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TANTALUS RARE EARTHS AG (TAEN)

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tantalus rare earths ag (TAEN) Details

Tantalus Rare Earths AG engages in the exploration and development of rare earth minerals. The company’s principal property includes the TRE Project comprising 768 individual blocks with an area of 300 square kilometers located on the Ampasindava Peninsula in north-western Madagascar. It provides tantalum, niobium, zirconium, and gallium; and hafnium, tin, silver, and base metals. The company was incorporated in 2008 and is headquartered in Grünwald, Germany.

Founded in 2008

tantalus rare earths ag (TAEN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

tantalus rare earths ag (TAEN) Key Developments

Tantalus Rare Earths AG Signs Supply Contract with ThyssenKrupp Metallurgical Products GmbH

Tantalus Rare Earths AG announced the signing of a multi-year supply contract for rare earth oxides with ThyssenKrupp Metallurgical Products GmbH. Under the agreement, ThyssenKrupp will annually purchase 30% of the output (up to 3,000 tons, once full production capacity is reached) of mixed rare earths oxide from the Tantalus' project in Northern Madagascar. ThyssenKrupp will act as Tantalus' exclusive distributer in Germany, and one of the distributors for Europe. The initial duration of the contract is three years from the start of commercial production at the project, with the option to extend it for a further seven years. The option for a total duration of 10 years is subject to ThyssenKrupp arranging debt funding for Tantalus covering 30% of the planned investments until annual production level of 10,000 tons of mixed rare earths oxide is reached. The pricing of the mixed rare earths oxide in this contract is linked to the content of various rare earths oxides present in the Tantalus product as well as to independently quoted market prices of such oxides. Rare Earth Elements identified in the Tantalus ionic clay deposit include Praseodymium, Neodymium, Terbium and Dysprosium, all in high demand for fast-growing magnet applications in the automotive and renewable energy industries. Tantalus will commence commercial production upon receipt of the necessary exploitation license, currently expected in the second half of 2016. After a ramp-up period of app. three years Tantalus is expected to reach its first phase full-production level of 10,000 tons per annum of mixed rare earths oxide.

Tantalus Rare Earths AG to Report Fiscal Year 2014 Results on May 27, 2015

Tantalus Rare Earths AG announced that they will report fiscal year 2014 results on May 27, 2015

Tantalus Rare Earths Signs Commercial Purchase Agreement with Shenghe Resources

Tantalus Rare Earths announced the signing of a commercial purchasing agreement with Shenghe Resources. Shenghe has agreed to purchase 30% of output or 3,000 tonnes of mixed rare earths oxide from Tantalus Rare Earths (TRE) project in Northern Madagascar annually. The initial duration of the contract is three years from the start of commercial production at the project. The TRE project is currently preparing for first production in 2016. Shenghe has an option to extend the contract by an additional seven years by providing Tantalus debt funding, amounting to 30% of the planned total investment required to reach commercial production of rare earths at the project. The Company will commence commercial production as soon as it receives an exploitation license, currently expected in the second half of 2016. Shenghe must exercise its option before Tantalus receives its exploitation license and provide funding before any investments into commercial production are made.

 

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