Rare Earth Breaking News - Defense Metals
(TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Appointment of Mark Tory as CEO; @defensemetals
VANCOUVER,
BC - November 19, 2024 (Investorideas.com Newswire) Defense Metals Corp.
("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/ FSE: 35D) is pleased to announce the appointment of Mr. Mark Tory to the position
of Chief Executive Officer ("CEO"). Mr. Tory will commence his new
role January 1, 2025, and will be relocating to Vancouver.
Reporting to Defense Metals' Board of
Directors, Mr. Tory will be responsible for leading the development of the
world class Wicheeda Project as the Company advances swiftly towards completing
its Prefeasibility Study ("PFS"), with the results published in Q1
2025.
Mr. Tory is a highly experienced
resources executive with significant rare earths experience having held key
leadership roles at Northern Minerals initially as Chief Financial Officer
("CFO") and then subsequently CEO while they developed the Browns
Range Rare Earth Project, including the planning, building and operation of a
A$70 million pilot plant. His previous executive experience includes Managing
Director of Crescent Gold Limited, after a period as CFO and Company Secretary.
He has had international exposure to resources' capital markets as well as
holding key leadership roles in companies that range from exploration to
development through to operating mines across commodities, including rare
earths, battery materials, base metals and gold.
Mr. Tory is a Chartered Accountant
and holds a BBus, MBA and is a Graduate of the Australian Institute of Company
Directors (GAICD).
This news is paid advertisement/ news disseminated on behalf of/issued
on behalf of Defense Metals Corp.
Read
this in full at https://www.investorideas.com/news/2024/11191DEFN-Appointment-of-Mark-Tory-as-CEO.asp
Defense Metals' Executive Chair, Mr.
de Selliers, said:
"I am extremely excited at
having Mark as our CEO. His career speaks for itself, but what is important to
the Board, and myself in particular, is his integrity, leadership and knowledge
of the rare earths sector. Mark is also a company builder, which is exactly
what we need. Being able to attract somebody of Mark's calibre, together with
the strong interest we had from several other highly qualified CEO candidates,
is another confirmation of the quality of our Wicheeda Project."
Mr. Tory added:
"I am most enthusiastic at being
appointed CEO of Defense Metals. What immediately attracted me to this
opportunity is the rather unique characteristics of the Wicheeda deposit which
makes it one of the most promising deposits in North America which includes the
ability to upgrade the inground TREO to an over 50% concentrate through a
relatively simple beneficiation process. I am also very pleased to be working
with an extremely high calibre Board which shares the same values as I and is
determined to build a profitable and sustainable major project. I look forward
to working closely with the Company's technical teams as they finalise the PFS
which will be published early next year. Joining Defense Metals is a new and
exciting stage in my life and career, and I am truly delighted."
About Defense Metals Corp. and its
Wicheeda Rare Earth Element Deposit
Defense Metals Corp. is focused on
the development of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE
Project that is located on the traditional territory of the McLeod Lake Indian
Band in British Columbia, Canada.
The Wicheeda REE Project,
approximately 80 kilometres (~50 miles) northeast of the city of Prince George,
is readily accessible by a paved highway and all-weather gravel roads and is
close to infrastructure, including hydro power transmission lines and gas
pipelines. The nearby Canadian National Railway and major highways allow easy
access to the port facilities at Prince Rupert, the closest major North
American port to Asia.
For further information, please
visit www.defensemetals.com or
contact:
Alex Heath
Senior Vice President, Corporate Development & Interim CFO
Tel: +1 604-354-2491
Email: alex@defensemetals.com
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 news release.
Cautionary Statement Regarding
"Forward-Looking" Information
This news release contains
"forward-looking information or statements" within the meaning of
applicable securities laws, which may include, without limitation, any
statements (expressed or implied) relating to: advancing the Wicheeda Project,
the use of net proceeds from the Private Placement, final TSXV approval of the
Private Placement, the technical, financial and business prospects of the
Company, its project and other matters. Forward-looking statements are
typically identified by words such as "plan," "believe,"
"expect," "anticipate," "intend,"
"outlook," "estimate," "forecast,"
"project," "continue," "could," "may,"
"might," "possible," "potential,"
"predict," "should," "would" and other similar
words and expressions, but the absence of these words does not mean that a
statement is not forward-looking. All statements in this news release, other
than statements of historical facts, that address events, contribution or
developments that the Company expects to occur, are forward-looking statements.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results may differ
materially from those in the forward-looking statements. Such statements and
information are based on numerous assumptions regarding present and future
business strategies and the environment in which the Company will operate in
the future, including the price of rare earth elements, the anticipated costs
and expenditures, the ability to achieve its goals, that general business and
economic conditions will not change in a material adverse manner, that
financing will be available if and when needed and on reasonable terms. Such
forward-looking information reflects the Company's views with respect to future
events and is subject to risks, uncertainties and assumptions, including the
risks and uncertainties relating to the interpretation of exploration and
metallurgical results, risks related to the inherent uncertainty of exploration
and development and cost estimates, the potential for unexpected costs and
expenses and those other risks filed under the Company's profile on SEDAR+ (www.sedarplus.ca).
While such estimates and assumptions are considered reasonable by the
management of the Company, they are inherently subject to significant business,
economic, competitive and regulatory uncertainties and risks. Factors that
could cause actual results to differ materially from those in forward looking
statements include, but are not limited to, continued availability of capital
and financing and general economic, market or business conditions, adverse
weather and climate conditions, failure to maintain or obtain all necessary
government permits, approvals and authorizations, failure to maintain or obtain
community acceptance (including First Nations), risks relating to unanticipated
operational difficulties (including failure of equipment or processes to
operate in accordance with specifications or expectations, cost escalation,
unavailability of personnel, materials and equipment, government action or
delays in the receipt of government approvals, industrial disturbances or other
job action, and unanticipated events related to health, safety and
environmental matters), risks relating to inaccurate geological, metallurgical,
engineering and pricing assumptions, decrease in the price of rare earth
elements, the impact of viruses and diseases on the Company's ability to
operate, restriction on labour and international travel and supply chains, loss
of key employees, consultants, officers or directors, increase in costs,
delayed results, litigation, and failure of counterparties to perform their
contractual obligations. The Company does not undertake to update
forward-looking statements or forward-looking information, except as required
by law.
SOURCE Defense Metals Corp.
Defense Metals Corp. (TSX-V:DEFN
/OTCQB:DFMTF) is a featured mining stock on Investorideas.com
More info on DEFN.V at Investorideas.com Visit: https://www.investorideas.com/CO/DEFN/
Get
News Alerts on Defense Metals Corp DEFN
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party
sourced news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release
questions. Disclosure this
DEFN news is a paid featured
annual mining stock on investorideas.com
– learn more about costs and services https://www.investorideas.com/News-Upload/ More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
https://www.investorideas.com/About/
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Renewable Energy Stocks: investing ideas in
renewable energy stocks
Like Renewable Energy Stocks? View our
Renewable
Energy Stocks Directory
Get News
Alerts on Renewable Energy Stocks
Mining Sector Stocks- investing ideas in
mining stocks
Like Mining Stocks? View our Mining Stocks Directory
Get News Alerts on Mining
Stocks
