I have been itching for some time to pick up a pure rare earth play and now the ongoing market turmoil has lowered the values of these companies to some extent. Therefore, I decided to put the money I got from selling half of Nautilus Minerals position to a small company called Tasman Metals. It is equally risky play: another lottery ticket if you will.
"Tasman Metals Ltd (TSX.V: TSM; Frankfurt : T61; Pink Sheets : TASXF) is a Canadian mineral exploration and development company focused on Strategic Metals in the European region."
They are pretty one the only ones having a serious prospect in Europe. Currently high tech companies in both Europe and U.S. are getting their REE metals from China. And China is cutting export quotas for REE metals each year. This is why stock prices of pretty much any serious REE play have been skyrocketing for the last year (many raising 500% or more). There might be some serious shortages in the next 5-10 years as it will take a long time to get the mines outside China rolling big time.
Their primary mineral prospect is located in Norra Kärr in Sweden. It contains a large inferred REE Mineral Resource with unique properties. REE content is tilted towards heavy rare earth elements that are more rare than the other rare earths (most mines coming online in the next 5 years will not provide a lot of heavy rare eart metals). It also does not have a lot of radioactive materials. Many potential REE mines do have radioactive materials mixed with REE to the degree that special permits might be required (depending on country).
They are also active in Finland where I live.
Note that Tasman Metals Ltd. is a very high risk investment and like with any investment, you might end up losing a lot of money. The author holds shares of the company (at the time of writing) and is willing to take the risk of potentially losing all of the capital involved. Please read the disclaimer in the rightmost column of the blog.
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