Tasman Metals Ltd.

Published : July 06th, 2016

Tasman Announces Date of Annual and Special Meeting of Shareholders and Provides Additional Update on Norra Karr Mining Lease

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Keywords :   Equity Markets | Rare Earth | Sac | Standard | Sweden |

Tasman Announces Date of Annual and Special Meeting of Shareholders and Provides Additional Update on Norra Karr Mining Lease

Vancouver, Canada -- Tasman Metals Ltd. ('Tasman' or the 'Company') (TSXV: TSM) (Frankfurt: T61); (OTCQB: TASIF). The Company announces that it will hold its annual general and special meeting (the 'Meeting') of the Company's shareholders (the 'Shareholders') on Thursday, August 18, 2016, at 10 am (Pacific Standard Time) at the Company's offices located at Suite 1305 -- 1090 West Georgia Street, Vancouver, BC, V6E 3V7. At the Meeting, Shareholders will be asked to, among other things, consider the Plan of Arrangement (the 'Arrangement') with Flinders Resources Limited, as announced via joint news releases dated May 11, 2016 and June 21, 2016.

Tasman is working closely with its legal counsel to consider alternatives to mailing proxy materials to Shareholders in the event of a disruption to mail service due to a possible Canada Post strike. Proxy materials will be made available also on the Company's website at www.tasmanmetals.com and under the Company's profile on SEDAR at www.sedar.com

Also, further to the Company's news releases of February 23rd and March 31st 2016, the Company wishes to provide an update on the status of the mining lease ('ML') for the Norra Karr heavy rare earth element project in Sweden.

On February 23rd, the Company reported the decision of the Swedish Supreme Administrative Court ('SAC') to cancel the ML which has been in force since mid-2013 on the basis that insufficient information was provided regarding potential impact on areas that surround the ML. The SAC decision was subsequently reviewed by Swedish Ministry of Enterprise and Innovation (Näringsdepartementet) to consider how the Mining Inspectorate should apply this new interpretation of the Mining Act. Tasman provided comment to the Ministry of Enterprise and Innovation as part of this review process.

The Ministry of Enterprise and Innovation has now released their findings and determined that the handling of the Norra Karr mining lease, along with three other mining leases held by third parties, be returned to the Mines Inspectorate for reassessment. The Mines Inspectorate will consider all four mining lease applications including Norra Karr, and determine any additional information that is required as a result of this new interpretation of the Mining act by the SAC.

Mark Saxon, Tasman's President and CEO, states, 'We interpret the decision by the Swedish Ministry of Enterprise and Innovation as a reasonable and fair outcome from the decision of the SAC earlier this year. We believe the Mines Inspectorate, which granted the ML to Tasman in 2013, now has the opportunity to review the Company's application documentation based on the new interpretation of the Mining Act, and advise the Company on any additional data that should be provided.'

A further update will be provided when the Company gains additional information. Tasman continues to own 100% of the Norra Karr project under exploration license while the ML application documentation is being reassessed.

On behalf of the Board,

'Mark Saxon'
Mark Saxon, President & CEO

Investor Information
www.tasmanmetals.com

1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 699 0202
Email: [email protected]

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.

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, changes in corporate goals, unexpected expenditures, our ability to identify and close suitable acquisitions, 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, the Company's expectations regarding the Norra Karr ML, 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.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Sweden | All
Gold and Silver Prices for these countries : Sweden | All

Tasman Metals Ltd.

EXPLORATION STAGE
CODE : TSM.V
ISIN : CA87652B1031
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Tasman Metals is a exploration company based in Canada.

Tasman Metals holds various exploration projects in Sweden.

Its main exploration properties are NORRA KÄRR and BASTNAS in Sweden.

Tasman Metals is listed in Canada. Its market capitalisation is CA$ 16.9 millions as of today (US$ 13.1 millions, € 11.6 millions).

Its stock quote reached its highest recent level on April 15, 2011 at CA$ 5.98, and its lowest recent point on February 26, 2016 at CA$ 0.09.

Tasman Metals has 66 141 922 shares outstanding.

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Financings of Tasman Metals Ltd.
10/18/2012Announces Extension of Warrant Term
Financials of Tasman Metals Ltd.
7/15/2015Files Financial Results for the Nine Months Ended May 31, 20...
7/12/2013files financial results for the nine months ended May 31, 20...
7/12/2013files financial results for the nine months ended May 31, 20...
4/11/2013Files Financial Results for the Six Months Ended February 28...
1/10/2013Files Financial Results for the Three Months Ended November ...
Project news of Tasman Metals Ltd.
11/30/2010NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 CO...
11/30/2010(Norra Kärr)NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 CO...
Corporate news of Tasman Metals Ltd.
8/19/2016Tasman Shareholders Approve Arrangement with Flinders
7/6/2016Tasman Announces Date of Annual and Special Meeting of Share...
6/21/2016Tasman and Flinders Sign Definitive Arrangement Agreement
4/5/2016Tasman Announces Resignation of Director Gil Leathley
3/31/2016Tasman Provides Update on Norra Karr Mining Lease
1/15/2016Tasman Announces Voluntary Delisting from the NYSE MKT
1/14/2016Tasman Files Financial Results for the Three Months Ended No...
12/1/2015Tasman Files Annual Report on Form 20-F
11/30/2015Tasman Files Annual Report on Form 20-F
7/10/2015Files Amended and Restated Pre-Feasibility Study on the Norr...
3/11/2015The REE Basket Price Deception and the Clarity of OPEX
1/21/2015Tasman announces results of Pre-Feasibility Study for the No...
1/21/2015announces results of Pre-Feasibility Study for the Norra Kar...
1/13/2015Tasman Files Financial Results for the Three Months Ended No...
1/6/2015Tasman joins the Critical Materials Institute
12/17/2014Tasman Expands Critical Metal Portfolio With Acquisition Of ...
12/17/2014expands critical metal portfolio with acquisition of two chr...
12/9/2014Tasman Completes Drill Program For Bulk Metallurgical Sample...
12/9/2014completes drill program for bulk metallurgical sample at Nor...
11/26/2014Tasman Files Annual Report on Form 20-F
7/14/2014Tasman Files Financial Results for the Nine Months Ended May...
7/9/2014Tasman Precipitates Heavy Rare Earth Element Concentrate and...
6/13/2014Tasman Announces Results of AGM
5/20/2014Tasman and Flinders Mutually Agree to End Merger Negotiation...
4/14/2014Tasman Files Financial Results for the Six Months Ended Febr...
4/8/2014Tasman Commences Pre-Feasibility Study for Norra Karr Heavy ...
3/31/2014Tasman Announces Second Tranche Private Placement Closing
10/10/2013Expands Critical Metal Portfolio with Acquisition of Tungste...
8/28/2013Files Preliminary Base Shelf Prospectus and F-3 Registration...
8/14/2013Achieves High Recovery in First Metallurgical Tests From Ols...
7/25/2013Receives Bulk Surface Sample Permit for the Norra Karr Heavy...
7/23/2013Submits Mining Lease Application over Olserum Heavy Rare Ear...
7/17/2013Receives European Commission Funding for Processing Research...
7/11/2013files amended and restated technical reports on its Norra Ka...
7/11/2013files amended and restated technical reports on its Norra Ka...
4/16/2013releases NI 43-101 resource report for Olserum heavy rare ea...
4/12/2013Grants Stock Options
3/25/2013engages ANSTO Minerals to expand metallurgical testing of No...
3/15/2013announces results of AGM
2/19/2013drills thick intervals of heavy REE mineralization at Olseru...
10/3/2012completes summer drilling program at Norra Karr heavy rare e...
7/6/2011NORRA KARR HEAVY RARE EARTH ELEMENT PROJECT DECLARED PROJECT...
6/17/2011COMPLETES SPRING DRILLING AND BEGINS UPDATED RESOURCE CALCUL...
5/26/2011ANNOUNCES REGISTRATION OF FORM 40-F WITH US SECURITIES AND E...
4/28/2011BOARD APPROVES EXPANSION OF PHASE 3 DRILLING PROGRAM AT NORR...
4/12/2011BEGINS DRILLING OTANMAKI RARE EARTH ELEMENT PROJECT, FINLAND
4/4/2011RECEIVES ENCOURAGING METALLURGICAL RESULTS FROM NORRA KARR H...
3/29/2011FILES FORM 40-F WITH U.S. SECURITIES AND EXCHANGE COMMISSION
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