VANCOUVER, Nov. 30, 2011 /CNW/ - Tasman Metals Ltd. ("Tasman" or the "Company") (TSXV - TSM; Frankfurt - T61; Pink Sheets -
TASXF). Mark Saxon, President & CEO, is pleased to announce that Tasman has been
approved to list its common shares on the NYSE Amex beginning on
December 2, 2011, under the ticker symbol "TAS".
The Company will continue to be listed on the TSX Venture Exchange
("TSX-V") under the ticker symbol "TSM."
"Tasman is excited to have its shares listed for trading on the NYSE
Amex," stated Mr. Saxon. "It is the right time for the Company to take
this positive step and we believe our shareholders will benefit from
listing on the NYSE Amex. Tasman's Norra Karr project in Sweden is one
of the world's largest heavy rare earth element projects, and the NYSE
Amex listing will assist in drawing the investor attention that the
"We welcome Tasman Metals Ltd. to the NYSE Euronext family of listed
companies and onto the NYSE Amex," said Scott Cutler, Executive Vice
President, NYSE Euronext. "Tasman Metals and its shareholders will
benefit from superior market quality and technology, a broad array of
issuer and investor services and a global brand association. We look
forward to building a strong and lasting partnership with the Company
and its shareholders."
On behalf of the Board,
Mark Saxon, President & CEO
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
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/.
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.
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, 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. The forward-looking statements in this release
include those relating to the expected date that trading will commence
on the NYSE Amex and benefits that will result from listing on the NYSE
Amex. 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. Examples of risks and
uncertainties for Tasman include, but are not limited to, delays in the
review of our listing application with the NYSE Amex, the impact of
market fluctuations on trading activity for Tasman common stock.
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 Inc.
For further information:
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Jim Powell +1 (647) 478 8952
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058