#RareEarthMetals Sector Alert
Featuring Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)
– China and Rare Earth Metals at play; @DefenseMetals #Mining #REE
Vancouver, British Columbia – December 14, 2020 Investorideas.com Newswire – Sector and Media alert for Rare Metals and Defense Metals
Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).
Read this news featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12141DEFN-China.asp
Full article and Original source - Biden’s choice for US trade representative signals
anti-China stance
https://www.wsws.org/en/articles/2020/12/14/bide-d14.html
Excerpt :
China imposed a ban on the export of rare earths to Japan in 2010 amid
sharp tensions over the disputed Senkaku/Diaoyu islets in the East China Sea,
which are controlled by Tokyo but claimed by both countries. The conflict was
exacerbated by the Obama administration’s belligerent stance towards Beijing,
which was made explicit in its “pivot to Asia” announced in November 2011.
China’s export restrictions on rare earths were later extended to the US and
Europe, then dropped in 2015 after an adverse WTO ruling.
A Hong Kong-based trade lawyer Benjamin Kostrzewa, who worked on the WTO
rare earths case with Tai, described her as “having an
iron-fist-in-a-velvet-glove approach.”
Biden said Tai would work closely with his economic, national security
and foreign policy officials. “She understands that we need … to be
considerably more strategic than we’ve been in how we trade, and that makes us
all stronger, how we’re made stronger by trade,” he declared.
Recent Company News: November 23-
Defense Metals Corp.
Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements
Project
Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) is pleased to announce that it has commissioned SGS Canada Inc.
("SGS") to complete additional pre-pilot hydrometallurgical test work
utilizing high-grade rare earth element (REE) mineral concentrate produced
during the Company's highly successful 26 tonne flotation pilot-plant that
yielded a mineral concentrate averaging 7.4% NdPr oxide
(neodymium-praseodymium) (see Defense Metals news release dated September 23,
2020).
Craig Taylor, CEO comments:
"The previously
closed $0.25 per share private placement financing will be used to conduct
additional fill-in hydrometallurgical test-work with the objective of
capitalizing on opportunities that have been identified to optimize and improve
on our already exceptional hydromet recoveries. As previously disclosed, we
intend to complete the preliminary economic assessment (PEA) by the end of the
Q1 2021."
Full news: https://ca.finance.yahoo.com/news/defense-metals-corp-initiates-pre-130000703.html
About Defense Metals Corp. https://defensemetals.com/
Defense Metals Corp. is a mineral exploration company focused on the
acquisition of mineral deposits containing metals and elements commonly used in the electric power
market, military, national security and the production of “GREEN” energy
technologies, such as, high strength alloys and rare earth magnets. Defense
Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth
Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the
symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF”
on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.
For further information, please contact:
Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca
Forward Looking Information
This news release contains “forward‐looking information or statements” within the
meaning of applicable securities laws, which may include, without limitation,
statements relating to finding partnerships, securing potential offtake
agreements, and other business opportunities, the technical, financial and
business prospects of the Company, its project and other matters. All
statements in this news release, other than statements of historical facts,
that address events 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 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 those filed under the Company’s
profile on SEDAR at www.sedar.com. 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 conditions, failure to
maintain all necessary government permits, approvals and authorizations,
failure to maintain community acceptance (including First Nations), decrease in
the price of rare earth elements, the impact of Covid-19 or other viruses and
diseases on the Company’s ability to operate increase in costs, 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.
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