June 9, 2011
Dacha Sells 86,000 Kilograms of Yttrium Oxide
TORONTO, ONTARIO--(Marketwire - June 9, 2011) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM) announced today that it has sold 86,000 kilograms ("kgs") of Yttrium Oxide from its domestic supply in Shanghai at a price of 255 Rmb per kg (including VAT) for gross proceeds of 21,930,000 Rmb (approximately US$3.4 million). Based on the original purchase price of 58 Rmb per kg and a total gross purchase price of 4,988,000 Rmb, the Company realized a pre-tax gain of 16,942,000 Rmb (approximately US$2.6 million).
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".