VANCOUVER, July 12, 2013 /CNW/ - Tasman Metals Ltd. ("Tasman" or the "Company") (TSXV:TSM)
(Frankfurt:T61) NYSE-MKT: TAS). Mr Mark Saxon, President & CEO, announces that the Company has made its
Interim filings for the quarter ended May 31, 2013, with United States
and Canadian Regulators on July 12, 2013.
The Company has filed its Interim Report for the quarter ended May 31,
2013, with the appropriate Canadian regulatory bodies. These filings
are available for viewing and retrieval through the Canadian securities
regulatory authorities at http://www.sedar.com.
The Company has also filed its Interim Report for the quarter ended May
31, 2013 with the U.S. Securities and Exchange Commission. These
filings are available for viewing and retrieval through EDGAR at http://www.sec.gov.
Canadian and U.S. regulatory filings are available on the Company's
website at http://www.tasmanmetals.com.
Tasman Shareholders wishing to obtain free printed copies of the interim
financial statements may contact Tasman via email at firstname.lastname@example.org or at Suite 1305, 1090 West Georgia Street, Vancouver, BC, V6E 3V7.
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. 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 http://proedgewire.com/rare-earth/.
On behalf of the Board,
Mark Saxon, President & CEO
The qualified person for the Company's exploration projects, Mark Saxon,
President and Chief Executive Officer of Tasman and a Fellow of the
Australasian Institute of Mining and Metallurgy and Member of the
Australian Institute of Geoscientists, has reviewed and verified the contents of this release.
The TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange), the NYSE
- MKT nor the Frankfurt Stock Exchange accepts responsibility for the
adequacy or accuracy of this news release.
Cautionary Note to U.S. Investors Concerning Mineral Resources and
Reserves. In this news release, the definition of "mineral resources" is that used by the Canadian securities administrators and conforms to
the definition utilized by CIM in the "CIM Standards on Mineral
Resources and Reserves - Definitions and Guidelines" adopted on August
20, 2000 and amended December 11, 2005.
The standards employed in estimating the mineral resources referenced in
this news release differ significantly from the requirements of the
United States Securities and Exchange Commission (the "SEC") and the resource information reported may not be comparable to
similar information reported by United States companies. The term "resources" does not equate to "reserves" and normally may not be included in documents filed with the SEC. "Resources" are sometimes referred to as "mineralization" or "mineral deposits". While the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are recognized and required by Canadian regulations, they are not
defined terms under standards in the United States and normally are not
permitted to be used in reports and registration statements filed with
the SEC. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with National
Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the CIM - CIM Definition Standards on Mineral Resources and
Mineral Reserves, adopted by the CIM Council, as may be amended from
time to time by the CIM. These definitions differ from the definitions
in the United States Securities and Exchange Commission Industry Guide
7 ("SEC Industry Guide 7") under the Securities Act of 1933. Under Canadian rules, estimates of
inferred mineral resources may not form the basis of feasibility or
prefeasibility studies, except in rare cases. Disclosure of "contained
ounces" in a resource is permitted disclosure under Canadian
regulations; however, the SEC normally only permits issuers to report
mineralization that does not constitute "reserves" by SEC standards as
in place tonnage and grade without reference to unit measures.
The estimation of measured, indicated and inferred mineral resources
involves greater uncertainty as to their existence and economic
feasibility than the estimation of proven and probable reserves. U.S.
investors are cautioned (i) not to assume that measured or indicated
resources will be converted into reserves and (ii) not to assume that
estimates of inferred mineral resources exist, are economically or
legally minable, or will be upgraded into measured or indicated mineral
resources. It cannot be assumed that the Company will identify any
viable mineral resources on its properties or that any mineral
reserves, if any, can be recovered profitably, if at all. As such,
information contained in this news release and the documents
incorporated by reference herein concerning descriptions of
mineralization and resources under Canadian standards may not be
comparable to similar information made public by United States
companies in SEC filings.
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, 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
SOURCE: Tasman Metals Ltd.
For further information:
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Jim Powell, V.P. - Corporate Development
+ 1 (647) 478 8952 Email: email@example.com
or Mariana Bermudez +1 (604) 685 9316