Our tiny position in Tasman Metals has now turned into tiny position in the Leading Edge Materials Corporation (TSX.v:LEM). The company was formed via merger of Tasman Metals Ltd. and Flinders Resources Limited.
The new company has two flagship projects in Sweden:
- Woxna (Graphite)
- Norra Kärr (Rare Earth Elements - REE)
Tasman continues to own 100% of the Norra Karr project under exploration license while the mining lease application documentation is being reassessed.
From investment perspective the risk profile of the company didn't greatly improve via the merger from what is was before as exploration stage company.
Company continues to be a very high risk investment.