VANCOUVER, Nov. 26, 2014 /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 filed with the
United States Securities and Exchange Commission its Annual Report
on Form 20-F, containing audited consolidated financial statements
for the fiscal year ended August 31,
2014.
The Company Annual Report and financial statements are available
for viewing and retrieval through EDGAR at www.sec.gov.
All of these documents can also be accessed through SEDAR at
www.sedar.com or on the Company's website at
www.tasmanmetals.com.
Tasman shareholders wishing to obtain free printed copies of
these documents may contact Tasman via email at
info@tasmanmetals.com or at Suite 1305 - 1090 West Georgia Street,
Vancouver, BC, V6E 3V7.
About Tasman Metals Ltd.
Tasman is a Canadian mineral exploration and development company
focused on critical metals including Rare Earth Elements (REE's)
and tungsten (W) in Scandinavia. Tasman is listed on the TSX
Venture Exchange under the symbol "TSM" and the NYSE-MKT
under the symbol "TAS". REE and tungsten demand is
increasing, due to the metals' unique properties that make them
essential for high technology and industry. Since over 95% of
REE and 80% of tungsten supply is sourced from China, the European Commission promotes policy
to develop domestic supply of critical metals to ensure the
security of industry. Tasman receives research funding from
the European Commission.
Tasman's exploration portfolio is uniquely placed, with the
capacity to deliver strategic metals from politically stable,
mining friendly jurisdictions with developed infrastructure and
skills. The Company's Norra
Karr and Olserum projects in Sweden are two of the most significant known
heavy REE resources in the world, enriched in dysprosium, yttrium,
terbium and neodymium. The Company is now focused on the
safe, sustainable and responsible development of its Scandinavian
mineral portfolio.
On behalf of the Board,
"Mark
Saxon"
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 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 release.
SOURCE Tasman Metals Ltd.