Tasman appoints Jim Powell as Vice President - Corporate Development
VANCOUVER, July 18, 2011 /CNW/ --
VANCOUVER, July 18, 2011 /CNW/ - Tasman Metals Ltd. ('Tasman' or the 'Company') (TSXV - TSM) (Frankfurt -
T61) (Pink Sheets - TASXF). Mr Mark Saxon, President & CEO, is pleased to announce the appointment
of Mr. Jim Powell as Vice President, Corporate Development of the
Company. In this capacity, Mr. Powell will be responsible for
furthering and executing corporate strategy, coordinating investor
relations, and advancing general corporate development opportunities.
Mr. Powell has been involved in equity research for the past seven years
with his most recent position as a Research Analyst, covering the rare
earth element (REE) and strategic metals space at Laurentian Bank
Securities. Jim is a professional engineer registered in Ontario,
Canada and a CFA charterholder.
'We warmly welcome Jim to the Corporate Development role in Tasman, and
look forward to the opportunities that Jim's extensive REE sector
experience will bring' said Mark Saxon, Tasman's President & CEO. 'As
an analyst with Laurentian Bank Securities, Jim was early into the REE
industry, and has commented widely on the fundamentals and drivers that
have created such a strong investment opportunity. Jim's experience
provides him with a strong network across investors, potential
producers and consumers throughout the REE space.'
The Company has granted Mr. Powell 100,000 stock options, each stock
option entitling the holder to purchase one common share of the Company
at a price of $4.22.
About Tasman Metals Ltd.
Tasman Metals Ltd is a Canadian mineral exploration and development
company focused on Rare Earth Elements (REE's) in the European region
and is listed on the TSX Venture Exchange under the symbol 'TSM'. REE
demand is increasing, due to the metals unique properties that make
them essential for high technology and environmentally-beneficial
applications. Since over 95% of REE supply is sourced from China, the
European Union is actively supporting policy to promote domestic supply
of REE's, to ensure the security of high-tech industry. Tasman's
exploration portfolio is uniquely placed, with the capacity to deliver
'high-tech' metals from politically stable, mining friendly
jurisdictions with developed infrastructure.
The Company's Norra Karr project in Sweden is one of the most
significant heavy REE resources in the world, and the only NI43-101
compliant REE resource in mainland Europe. With a TREO (total rare
earth oxide) cut off of 0.4%, the Inferred Mineral Resource comprises
60.5 million tonnes grading 0.54% TREO and 1.72% ZrO2 (zirconium
oxide), with 53.7% of the TREO being the higher value HREO (heavy rare
earth oxide). The resource is unusually low in radioactive metals
relative to peer projects, with less than 15 ppm each of uranium and
thorium.
Tasman's cash position is approximately C$14.5 million.
For more information regarding rare earth elements, see the Rare Metal
Blog at www.raremetalblog.com or Resource Stock Digest at http://strategicmetalstocks.resourcestockdigest.com/.
On behalf of the Board,
'Mark Saxon'
Mark Saxon, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange),
nor the Frankfurt Stock Exchange accepts responsibility for the
adequacy or accuracy of this news release.
Cautionary Note to U.S. Investors Concerning Estimates of Inferred
Resources. This news release uses the term 'inferred mineral resource.' We
advise U.S. investors that this term is not recognized by the U.S.
Securities and Exchange Commission. The estimation of inferrred
resources involves far greater uncertainty as to their existence and
economic viability than the estimation of other categories of
resources. U.S. investors are cautioned not to assume that estimates
of inferred mineral resources exist, are economically minable, or will
be upgraded into measured or indicated mineral resources.
Forward Looking Statements. This Company news release contains certain 'forward-looking' statements
and information relating to the Company that are based on the beliefs
of the Company's management as well as assumptions made by and
information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
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Investor Information
www.tasmanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez 1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas 1 (604) 657 4058
Email: info@tasmanmetals.com