UPDATE: Tasman Granted Mining Lease for Norra Karr Heavy REE Project; Shares Up About 6%

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Tasman Metals Ltd. (TSM.V) has been granted its mining lease for the Norra Karr heavy rare earth element ( REE ) project in Sweden. The mining lease gives the company the full mineral rights for the Norra Karr project for an initial period of 25 years, which is then automatically renewed in 10 year increments if the mine is in operation.

The lease was granted by the Swedish Mining Inspectorate (Bergsstaten) after extensive stakeholder consultation.

TSM was up about 6% to 75 cents, with 52-week range of $0.51 - $1.97.

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