EANS-News: Tantalus Rare Earths AG
Appointment of Byron Capital Markets
06.07.2011 – 13:11
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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