VANCOUVER, June 26, 2012 /CNW/ - Tasman Metals Ltd. ("Tasman" or the "Company") (TSXV : TSM) (Frankfurt :
T61) (NYSE MKT : TAS). Mr. Mark Saxon, President & CEO, announces that Mr. James Hutton has
resigned as Director of the Company effective immediately due to an
expanded role in other business areas that prevents him from serving as
a contributing member of the Company's Board of Directors. Tasman's
Board has initiated the process of identifying an appropriate candidate
to fill this vacancy.
The Company thanks Mr. Hutton for his time served as Director and wishes
him well in his future endeavors.
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" and
the NYSE-MKT under the symbol "TAS". 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
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. The resource is unusually
low in radioactive metals relative to peer projects, with less than 15
ppm each of uranium and thorium.
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, President & CEO
The TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange), the
American Stock Exchange nor the Frankfurt Stock Exchange accepts
responsibility for the adequacy or accuracy of this news release.
Cautionary Statements. Certain statements found in this release may constitute forward-looking
statements as defined in the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements reflect the speaker's current
views with respect to future events and financial performance and
include any statement that does not directly relate to a current or
historical fact. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, the ability to meet the closing conditions of the
proposed acquisition, competitive factors, general economic conditions,
customer relations, uncertainties related to the availability and costs
of financing, unexpected geological conditions, success of future
development initiatives, imprecision in resource estimates, ability to
obtain necessary permits and approvals, relationships with vendors and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change, changes
in industry practices, changes in world metal markets, changes in
equity markets, environmental and safety risks, 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. Forward-looking statements
cannot be guaranteed and actual results may vary materially due to the
uncertainties and risks, known and unknown, associated with such
statements. Shareholders and other readers should not place undue
reliance on "forward-looking statements," as such statements speak only
as of the date of this release.
SOURCE Tasman Metals Ltd.
For further information:
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Information: Jim Powell +1 (647) 226 8626