TORONTO, ONTARIO--(Marketwire - April 11, 2011) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announced that it has acquired an additional 9,000 kilograms of Rare Earth Oxides to be exported from China to its Busan, South Korea warehouse location.
The Company has re-deployed the capital from the recent sale of its China warehoused Europium Oxide with the purchase of 1,000 kilograms of Terbium Oxide and 8,000 kilograms of Neodymium Oxide for approximately US$3.1 million.
As at April 8, 2011 Dacha Strategic Metal's inventory consisted as follows:
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Market Market
Quan- Spot Value Value
Metals Inventory Grades tity Price/kg (US$ (C$
as at April 8, 2011 (i) (Kg) (US$) millions) millions)
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US$1.00 = C$0.9566
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Busan, South Korea
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Dysprosium Oxide 4N 15,000 $639 $9.6 $9.2
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Dysprosium Fe Santoku 12,000 $623 $7.5 $7.1
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Gadolinium Oxide 4N5+ 10,000 $185 $1.9 $1.8
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Lutetium Oxide 4N+ 3,000 $800 $2.4 $2.3
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Neodymium Oxide 4N+ 18,000 $207 $3.7 $3.6
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Terbium Oxide 4N+ 14,000 $1,180 $16.5 $15.8
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Yttrium Oxide 5N 10,000 $160 $1.6 $1.5
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Shanghai, China
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Yttrium Oxide 4N5+ 120,000 $27 $3.3 $3.1
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Total: 202,000 $46.5 $44.4
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(i)Grades:
4N = 99.99%
4N+ = 99.99+%
5N = 99.999%
4N5+ = 99.99%/99.999+%
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About Dacha
Dacha Strategic Metals Inc. is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's ability to trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, proposed investment strategy of the Company, and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
Dacha Strategic Metals Inc.
Stan Bharti
Executive Chairman
(416) 861-5903
www.dachametals.com
Source: Dacha Strategic Metals Inc.
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