Last €16.00 EUR
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tantalus rare earths ag (TAEN) Snapshot

Open
€16.00
Previous Close
€15.00
Day High
€20.50
Day Low
€15.00
52 Week High
12/1/14 - €21.50
52 Week Low
05/5/14 - €11.00
Market Cap
49.8M
Average Volume 10 Days
193.7
EPS TTM
--
Shares Outstanding
3.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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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

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Executives, Board Directors

tantalus rare earths ag (TAEN) Key Developments

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.

Tantalus Rare Earths AG Announces Executive Appointments

Tantalus Rare Earths AG announced two key appointments into its board and senior management. The Tantalus Supervisory Board has appointed Mr. Wang Yu as Chief Technology Officer. He joined the Tantalus Group Management Board as of December 15. Mr. Wang Yu was previously Secretary of the Board at China Minmetals Rare Earths Co. Ltd. Mr. Wang's background at the very top of the global rare earths industry brings the Company additional extensive know how of both the technological and the commercial side of rare earths business. Mr. Wang has been advising the Company since April 2014 in a role of a Senior Advisor. At senior management level Mr. Michel Mounavaraly joined Tantalus as Country Manager for Madagascar as of December 1. Mr. Mounavaraly has been working in various industries in Madagascar and other Indian Ocean Islands for over 30 years. He originates from Northern Madagascar, where Tantalus has its rare earths project, and thereby has knowledge on the local circumstances, both in terms of social and economic issues. Mr. Mounavaraly's past experience as founder and Managing Partner at one of the larger accounting/auditing companies in the Indian Ocean Islands provides him with the best possible background for managing the local operations in Madagascar for Tantalus Rare Earths AG.

Tantalus Rare Earths AG Announces Earnings Results for the First Half of 2014

Tantalus Rare Earths AG announced earnings results for the first half of 2014. For the period, the company announced financial loss of EUR 0.4 million compared to financial result of EUR 0.3 million a year ago. The net loss for the reporting period amounts to EUR 1.9 million compared to EUR 1.4 million a year ago. The company does not generate sales revenues. Capitalised exploration and evaluation expenses improved the result of first half 2014 by EUR 1.7 million.

 

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