July 12, 2010
TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF
"The Tasman Metals Rare Earth Story"
TASMAN JOINT VENTURES (JVs) FURTHER IRON ORE PROJECTS IN SWEDEN TO ‘BEOWULF MINING’ A LONDON AIM (SYMBOL: BEM) LISTED AND SCANDINAVIAN FOCUSED MINERAL EXPLORATION COMPANY, SPECIALIZING IN IRON ORE
- Tasman shall receive 691,921 ordinary shares in Beowulf and will retain a 1.5% Net Smelter Return (NSR).
Mark Saxon, Tasman Metals President & CEO:
“Tasman’s exploration focus is on its European REE assets, in particular the Company’s Norra Karr project in south central Sweden where calculation of an independent resource will soon begin”
The Company has chosen to share exploration risk and ensure exploration is advanced on non-core iron ore projects by joining with a partner holding adjacent iron ore claims. This portfolio reinforces Beowulf’s strong holdings in the Jokkmokk region, and gives potential for further near surface iron ore discoveries. We look forward to working with Beowulf’s experienced management team, and following the success of the projects.”
The Iron Ore JV now with Beowulf Mining as well as the previously announced JV with Scandinavian Resources (June 3, 2010) allows Tasman to continue and focus on its Rare Earth projects while maintaining a substantial interest in its highly prospective Iron Ore projects.
My family and I, as shareholders of Tasman, are very pleased with these latest commercial moves by Tasman’s Management Team.
July 12, 2010
GLOBAL MINING NEWS: China cut rare earth export quotas 72% for 2nd half…
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides
For more TASMAN information contact
Mining Interactive Corp.
"Ahead of the Pack"
|Nick L. Nicolaas|