#RareEarth #Metals Sector Alert; Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) Pre-Pilot Hydrometallurgy Testing Yields 97.3% #RareEarthElement Extraction, #Biden to order review of US reliance on overseas supply chains for semiconductors, rare earths; @DefenseMetals
Vancouver, British Columbia – February 19, 2021 - Investorideas.com Newswire – Sector alert for Rare Earth Metals- Recent headlines: Biden to order review of U.S. reliance on overseas supply chains for semiconductors, rare earths , Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D). Pre-Pilot Hydrometallurgy Testing Yields 97.3% Rare Earth Element Extraction
Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/02191DEFN-Pre-Pilot-Hydrometallurgy-Testing.asp
Biden to order review of U.S.
reliance on overseas supply chains for semiconductors, rare earths
KEY POINTS:
President Joe Biden will direct his administration to conduct a review
of key U.S. supply chains, including those for semiconductors, high-capacity
batteries and rare earth metals.
The White House plans to review gaps in domestic manufacturing and
supply chains that are dominated by or run through “nations that are or are
likely to become unfriendly or unstable.”
Though the order does not mention China, the directive is likely in
large part an effort by the administration to determine how reliant the U.S.
economy and military are on Chinese exports.
https://www.cnbc.com/2021/02/18/biden-to-order-supply-chain-review-to-assess-us-reliance-on-overseas-semiconductors.html
Recent Defense Metals Corp. (TSX-V: DEFN
/ OTCQB:
DFMTF / FSE: 35D). News
Defense Metals
(TSX-V: $DEFN.V) ( OTCQB: $DFMTF) Pre-Pilot Hydrometallurgy
Testing Yields 97.3% Rare Earth Element Extraction From Wicheeda Flotation
Concentrate
News
Release - Vancouver, British Columbia – February 16, 2021: Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com
-Mining/Metals/ Green Energy Stock News- Defense
Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D:
FSE) is pleased to announce that it has received additional pre-pilot hydrometallurgical
test work utilizing high-grade rare earth element (REE) mineral concentrate
produced during Defense Metals’ highly successful 26-tonne flotation
pilot-plant that yielded a mineral concentrate averaging 7.4% NdPr
oxide (neodymium-praseodymium)[1].
The
road accessible Wicheeda REE Property is located close to infrastructure
approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project
has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light
Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes
averaging 2.90% LREO[2].
Highlights
of the additional infill hydrometallurgical test results conducted at SGS Canada Inc. (“SGS”) Lakefield
Site are as follows:
·
Increased REE extraction from 91.5% to
97.3% from flotation concentrate (~75% from bulk sample feed) into a
chloride-based leach solution compared to initial testing3 (CC-21,
Table 1)
·
Decreased REE losses via
milder gangue leach compared to the base-case flowsheet[3]
·
Simplification of flowsheet by
removing re-grind step and reducing caustic dosage on re-crack (CC-20) yielded
comparable REE extraction of 95.8% from flotation concentrate (~74% from bulk
sample feed)
Craig Taylor, CEO of
Defense Metals, stated: “Our
decision to conduct additional infill hydrometallurgical test-work has yielded
significant REE recovery gains approaching 100% REE extraction from the flotation
concentrate. Perhaps more importantly, this additional testing has advanced the
Wicheeda REE separation flowsheet such that we able to “tune” process variables
(chiefly: grind size, acid, and caustic concentrations) to achieve a balance of
minimizing REE leach losses and maximizing impurity removal. This level of
process control will de-risk our planned hydrometallurgical pilot plant and
contribute to greater flexibility in design of a future commercial-scale
hydrometallurgical plant.”
Full news on Investorideas.com
https://www.investorideas.com/news/2021/mining/02161DEFN-Pre-Pilot-Hydrometallurgy.asp
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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[1] See
Defense Metals News Release dated September 23, 2020
[2] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)
[3] See
Defense Metals News Release dated February 18, 2020
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