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Tasman Metals Ltd. (TSXV:TSM) and Flinders Resources Ltd. (TSXV:FDR) announced yesterday that they have mutually agreed to end merger negotiations. The decision follows discussions with various stakeholders, including shareholders and customers.
Tasman Metals Ltd. (TSXV:TSM) and Flinders Resources Ltd. (TSXV:FDR) announced yesterday that they have mutually agreed to end merger negotiations. The decision follows discussions with various stakeholders, including shareholders and customers.
Mark Saxon, president and CEO of Tasman, commented:
With Tasman’s management focused on delivery of a pre-feasibility study on one of the world most significant heavy REE deposits, the Board has chosen to conclude merger discussions with Flinders at this time. Both companies have numerous milestones over the remainder of 2014 and are reviewing many growth opportunities. We wish Flinders all the best with the imminent Woxna mine re-start, and will watch Flinders develop with much interest.
Blair Way, president and CEO of Flinders, said:
With July scheduled for the re-start of graphite production from the Woxna project, it is important that we stay focused to ensure we deliver on this milestone. We wish Tasman success for their pre-feasibility study on the Norra Kärr rare earth project.