M&A Deal Summary

Tasman Metals Acquires Olserum Heavy Rare Earth Project

On October 13, 2011, Tasman Metals acquired metals/mining company Olserum Heavy Rare Earth Project from Norrsken Energy

Acquisition Highlights
  • This is Tasman Metals’ 1st transaction in the Metals/Mining sector.
  • This is Tasman Metals’ 1st transaction in Sweden.

M&A Deal Summary

Date 2011-10-13
Target Olserum Heavy Rare Earth Project
Sector Metals/Mining
Buyer(s) Tasman Metals
Sellers(s) Norrsken Energy
Deal Type Divestiture

Target

Olserum Heavy Rare Earth Project

Sweden
Olserum is located approximately 10km from the Baltic coast, 30km north of the town of Västervik and 200km SSW of Stockholm. The project is secured by a granted exploration claim 1100 Ha in size, and a surrounding exploration claim application 7800 Ha in size.

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Buyer(S) 1

Buyer

Tasman Metals

Vancouver, British Columbia, Canada

Category Company
Sector Metals/Mining
DESCRIPTION

Tasman is a Canadian mineral exploration and development company focused on critical metals including REE's and tungsten in Scandinavia. Tasman's exploration portfolio is uniquely placed, with the capacity to deliver strategic metals from politically stable, mining friendly jurisdictions with developed infrastructure and skills.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Norrsken Energy

United Kingdom

Category Company
Founded 2005
Sector Metals/Mining
DESCRIPTION

Norrsken Energy Ltd. owns 8 uranium exploration permit areas covering a total area of approximately 250 square kilometers.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2011 M&A 1 of 1