Tasman Metals Receives European Commission funding for Processing Research on Swedish Deposits

Tasman Metals Ltd.(TSXV:TSM, NYSE:TAS, AMEX:TAS) announced that their subsidiary, Tasman Metals AB, is a recipient of European Commission funding under the newly launched EURARE project.

As quoted in the press release:

On the potential REE supply side, 4 European deposits were selected to be part of the EURARE consortium and advance into full pilot scale technology demonstration. Tasman’s Norra Karr project is one of these 4 deposits. Furthermore, lab scale research on Tasman’s Olserum deposit will also be conducted under the project. Tasman’s Swedish REE deposits can present attractive supply options for European Union REE consumers, as they are enriched in the high-value heavy REE’s, lie close to established infrastructure and are within an active mining jurisdiction. Tasman was recently granted a 25-year mining lease for the Norra Karr project.

Tasman’s President and CEO, Mark Saxon, said:

Development of an REE supply chain in the western world is a challenging objective, however with European producers, research partners and consumers aligned through EURARE, a secure supply chain is certainly achievable. Tasman’s Swedish deposits can form the foundation of this supply chain, with Norra Karr alone able to fill much of the European demand for REE’s for at least 40 years. The additional funding and synergy received under EURARE allows Tasman to push research more quickly and in areas not previously contemplated.

To view the whole press release, click here.