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03/13/14 - C$2.08
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tasman metals ltd (TSM) Details

Tasman Metals Ltd., a junior resource company, engages in the acquisition and exploration of rare earth elements and tungsten in Scandinavia. The company owns a 100% interest in 18 exploration claims or claim applications, and 1 mining lease for strategic metals in Sweden; 25% interest in 4 iron ore exploration claims in the Kiruna district of Sweden; and 100% interest in a portfolio of tungsten projects located in the Bergslagen mining district of south-central Sweden. Its principal project is the Norra Kärr project located in southern Sweden. Tasman Metals Ltd. is headquartered in Vancouver, Canada.

tasman metals ltd (TSM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$163.5K
Chief Financial Officer and Director
Total Annual Compensation: C$36.0K
Vice President of Corporate Development
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

tasman metals ltd (TSM) Key Developments

Tasman Metals Ltd Announces Results of Pre-Feasibility Study for the Norra Karr Heavy Rare Earth Element Project in Sweden

Tasman Metals Ltd. provided a summary of the Pre-Feasibility Study (PFS) with an effective date of 13 January 2015 for the 100% owned Norra Karr heavy rare earth element (REE) deposit in Sweden. The PFS confirms Norra Karr to be an economically robust project, with a long mine life, and the capacity to be a major producer of the most critical REE's, dysprosium (Dy), yttrium (Y), neodymium (Nd) and terbium (Tb).

Tasman Metals Ltd. Announces Unaudited Consolidated Earnings Results for the Three Months Ended November 30, 2014

Tasman Metals Ltd. announced unaudited consolidated earnings results for the three months ended November 30, 2014. For the three months, the company reported loss before other items of CAD 457,724 against CAD 766,824 a year ago. Net loss for the year was CAD 441,728 against CAD 755,907 a year ago. Basic and diluted loss per common share was CAD 0.01 against CAD 0.01 a year ago. Net cash used in operating activities was CAD 385,469 against CAD 842,180 a year ago. Additions to exploration and evaluation assets were CAD 1,179,686 against CAD 346,855 a year ago.

Tasman Metals Ltd. Completes Drill Program for Bulk Metallurgical Sample At Norra Karr Project, Sweden

Tasman Metals Ltd. announced the completion of a drill program to collect a representative metallurgical sample at the 100%-owned Norra Karr heavy rare earth element (REE) project in Sweden. In addition, guidance on the imminent completion of the Norra Karr Preliminary Feasibility Study ("PFS") is provided. The recent diamond drill program has delivered approximately 8 tonnes of large diameter core that will be used for additional metallurgical test work during 2015. The cost of this drill program was borne by the EURARE project, of which Tasman is a research partner. EURARE is a research project co-funded by the European Commission under the Seventh Framework Programme of the European Community for Research, Technological Development and Demonstration Activities (Grant Agreement NMP2-LA-2012-309373). An array of shallow holes each 83.7mm in diameter and up to 12m in length was drilled across an area approximately 250m x 550m. The Norra Karr REE deposit begins at surface with a width of 350m, a length of 800m lying typically beneath less than 1 metre of soil cover, making representative sample collection by such drilling both simple and cost effective. Tasman and its consultants are approaching completion of the PFS on the Norra Karr project. The PFS is substantially complete, with only financial modeling and final validation to be completed. Norra Karr is unusually rich in the heavy REE dysprosium (Dy) that is essential to high strength permanent magnets which operate at elevated temperature. Recent upwards price movements in Dy (eg SMM Information and Technology, 5/12/14) and the long term growth forecast for permanent magnet consumption of 5-10% provides a positive background for the release of this PFS.


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