Industrial Alliance Securities analyst Kiril Mugerman initiated coverage Monday on rare earth elements (REE) explorer Tasman Metals (CVE:TSM) with a speculative buy rating and a 12-month price target of $1.75, citing the company's Norra Karr deposit in Sweden as being the most "economically robust" under low REE prices. 

Tasman Metals (CVE:TSM) (AMEX:TAS) said Wednesday that its spring/summer drilling program at its Norra Karr heavy rare earth element (REE) – zirconium project in Sweden, is now complete and resulted in “exciting new discoveries”.

Tasman Metals (CVE:TSM) (AMEX:TAS) said Wednesday that it has submitted its application for a mining lease for its heavy rare earth and zirconium Norra Karr project in Sweden, achieving a major step on the path toward development.

Europe-focused rare earth explorer Tasman Metals (CVE:TSM)(NYSE MKT:TAS) Monday acquired three new rare earth element exploration properties in central Finland.

Independent investment bank Jacobs Securities recently issued a research report on the junior Rare Earth Element (REE) space, including "Speculative Buy" recommendations for Tasman Metals (CVE:TSM) and Montero Mining and Exploration (CVE:MON).

Canadian shares gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.

If you think the pain in the resource sector is over, Rick Rule will gladly give you a reality check. But, the chairman of Sprott U.S. Holdings says being brash in a bear market where there is no competition will pay off.

Curis Resources (TSE:CUV) has arranged to raise $6 million through a non-brokered private placement financing, with funds to be used to advance the development of the company's Florence copper project in Arizona, which earlier this year yielded strong economics in a prefeasibilty report. 

Iron ore explorer Afferro Mining (LON:AFF) (CVE:AFF) said talks are continuing with would-be buyer International Mining and Infrastructure Corporation (LON:IMIC) following confirmation the latter has the funds needed to launch a bid.

Largo Resources (CVE:LGO) has garnered some impressive feedback from analysts this week, with some saying the company has the potential to become a leading supplier of vanadium in the stable jurisdiction of Brazil.