Tasman Metals Ltd (TSX.V : TSM; Frankfurt : T61; NYSE-MKT: TAS) is a Canadian mineral exploration and development company focused on Strategic Metals in the European region.
Strategic metal demand is increasing, due to their unique properties that make them essential for high technology and environmentally-beneficial applications. Strategic metals include the 15 rare earth elements ("REE"), and also zirconium, yttrium and niobium. Since over 95% of REE supply is currently sourced from China, the EU is actively supporting policy to promote the domestic supply of strategic metals to secure high-tech industry. Wind turbines and hybrid vehicles like the Toyota Prius simply cannot be built without rare earth minerals.
Tasman's exploration portfolio is uniquely placed, with the capacity to deliver "high-tech" metals from politically stable, mining friendly jurisdictions with developed infrastructure.