Tasman acquires Olserum heavy rare earth project in Sweden

- October 13th, 2011

Tasman Metals Ltd. (TSXV:TSM,FWB:T61,OTC Pink:TASXF) announced is has acquired a REE target near its Norra Kärr project in Sweden.

Tasman Metals Ltd. (TSXV:TSM,FWB:T61,OTC Pink:TASXF) announced is has acquired a REE target near its Norra Kärr project in Sweden.

As quoted in the press release:

The purchase of the Olserum project is subject to the Swedish Mining Inspectorate (Bergsstaten) granting permission for the transfer of the Olserum nr 2 claim, and to TSX Venture Exchange approval for the issuance of shares.  The shares in Tasman will be subject to a statutory escrow period of 4 months from the date of issue.

Tasman’s President & CEO, Mark Saxon said:

“The effective metallurgical test, and the existing infrastructure on site, set Olserum apart as a high potential project. Olserum’s close proximity to our flagship Norra Karr heavy rare earth project will allow it to be explored efficiently, and we will move quickly to complete further drilling, mineralogy and metallurgical studies.”

Click here to read the Tasman Metals Ltd. (TSXV:TSM) press release.

Leave a Reply