EANS-News: Tantalus Rare Earths AG Appointment of Byron Capital Markets
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Company Information/Appointment of Byron Capital Markets
Düsseldorf, 06. July 2011 (euro adhoc) - Tantalus Rare Earths AG
Appointment of Byron Capital Markets
(Tantalus Rare Earths AG, Düsseldorf, 6 July 2011) The Directors of Tantalus
Rare Earths AG ("TRE"), the German exploration company exploring a primary
bedrock rare earth mineralisation and a very extensive, secondary rare earth
mineralisation at surface in north-western Madagascar, are pleased to announce
the appointment of Byron Capital Markets Ltd, a Canadian based independent
investment dealer, as its global financial adviser.
Byron Capital Markets, whose focus includes rare earths and technology metals,
will advise TRE on a potential listing in Canada as well as providing general
strategic advice. In addition, and as part of its role Byron Capital Markets
will assist TRE in identifying one or more strategic partners, broadening the
knowledge of the company within the global investment community and widening its
shareholder base in order to ensure the continued development of its rare earths
project in Madagascar.
The Directors of TRE are also pleased to announce that BlueGold Capital
Management LLP ("BlueGold"), a London based commodities hedge fund manager has
increased its stake in TRE to 11.31 per cent as at 27 June 2011.
Commenting on the appointment of Byron Capital Markets, Ivan Murphy, Executive
Director of TRE said:
"After a review of a number of advisory groups and jurisdictions over the last 3
months, we are delighted to have appointed Byron Capital Markets as our lead
global financial advisor. Byron's understanding of the Rare Earths sector and
the quality of their research team, lead by Dr. Jon Hykawy, was fundamental to
our decision and we look forward to working with them.
Our relationship with Byron Capital Markets will provide TRE with exposure to a
knowledgeable, sophisticated and active base of institutional and individual
investors in North America and around the world. We are also delighted with the
continued support of BlueGold Capital Management, our largest institutional
shareholder. The involvement of groups like Byron and BlueGold continue to
validate what we believe to be one of the most promising Rare Earth assets in
the world."
For further information contact:
Ivan Murphy, Executive Director Tel: +44 (0) 20 3214 9930
Ana Ribeiro Tel: +44 (0) 207 138 3206
Blythe Weigh Communications or +44 (0) 7980 321 505
Notes to Editors
About Tantalus Rare Earths ("TRE")
TRE is a German incorporated holding company whose subsidiaries are engaged in
the exploration and development of rare earths. TRE's shares are quoted on the
Open Market of the Frankfurt Stock Exchange.
TRE's principal asset is an exploration project located in north-western
Madagascar and comprises rare earth-tantalum-niobium-zirconium-hafnium enriched
dykes and sills and Rare Earth Element ("REE") bearing argillaceous laterites
derived from the weathering of underlying alkaline intrusives.
There are early indications that most of the alkaline intrusive bodies within
the concession are overlain by REE bearing argillaceous laterites. TRE is
therefore considering the whole area underlain by alkaline intrusives (150 to
170 sq km) as prospective for secondary REE mineralisation in the weathering
crust.
The exploration programme aims to define the primary (vein/skarn hosted) and
secondary (argillaceous laterites) mineralisation present on the concession
towards a NI 43-101 compliant mineral resource estimate and support a detailed
feasibility study towards mine development and production.
About Byron Capital Markets Ltd.:
Byron Capital Markets Ltd. whose focus on rare earths and technology metals, is
an innovative, intellectually-driven and independent investment dealer committed
to providing an unparalleled level of service to institutional investors and to
corporate clients throughout the lifecycle of their businesses. More information
about Byron Capital Markets is available at www.byroncapitalmarkets.com.
Tantalus Rare Earths AG
Berliner Allee 12
40212 Düsseldorf
Deutschland
Telefon: +49 (0)211 52391 430
Telefax: +49 (0)211 52391 200
e-Mail: contact [at] tre-ag.com
Internet: http://www.tre-ag.com
Further inquiry note:
Ivan Murphy, Executive Director Tel: +44 (0) 20 3214 9930
Ana Ribeiro Tel: +44 (0) 207 138 3206
Blythe Weigh Communications or +44 (0) 7980 321 505
end of announcement euro adhoc
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company: Tantalus Rare Earths AG
Berliner Allee 12
D-40212 Düsseldorf
phone: +49 (0)211 52391 430
FAX: +49 (0)211 52391 200
mail: contact [at] tre-ag.com
WWW: http://www.tre-ag.com
sector: Holding companies
ISIN: DE000A0SMSL4, DE000A1KRQE7
indexes:
stockmarkets: free trade/entry standard: Frankfurt
language: English