#REE #Stock News- Defense
Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Signs Mineral Exploration Agreement with
McLeod Lake Indian Band; @defensemetals
Vancouver, British Columbia – September 7, 2022: Investorideas.com
Newswire, Mining/Metals/ Green Energy Stock
news- Defense
Metals Corp. (“Defense Metals”
or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is very pleased to announce it has entered into a Mineral
Exploration Agreement (the “Agreement”) with the McLeod Lake Indian Band
regarding its Wicheeda Rare Earth Element (“REE”) exploration project located
80 kilometres northeast of Prince George, Canada.
Read this news, featuring DEFN in full at https://www.investorideas.com/news/2022/mining/09072DEFN-McLeod-Lake-Indian-Band.asp
The Agreement addresses the immediate
interests of the parties with respect to mineral exploration activities related
to the project, and puts into place a framework for communication and
cooperation going forward. In addition to providing McLeod Lake Indian Band
with meaningful input into how these activities are to proceed, the Agreement
provides current economic opportunities for the community and establishes a roadmap
for potential future commercial involvement as the exploration activities advance.
“We are delighted to have the McLeod Lake
Indian Band engaged with Defense Metals and the opportunities presented by the
Wicheeda exploration project,” said Craig Taylor, CEO of Defense. “We look forward to building a long-term and mutually
beneficial relationship with the McLeod Lake Indian Band through the
implementation of this initial agreement.”
“McLeod Lake Indian Band has always been
open to working with companies that respect our rights, laws and interests in
the protection of our lands, and that provide meaningful economic and commercial opportunities
for our community,” said Chief Harley Chingee. "We are therefore pleased
to have completed this initial agreement with Defense Metals, and look forward
to its successful implementation."
About McLeod Lake Indian Band
McLeod Lake Indian Band is part of the
Tse’khene group of Aboriginal peoples. The main community of McLeod Lake Indian
Band is located near the unincorporated village of McLeod Lake, approximately
150 kilometers north of Prince George.
About Defense Metals Corp.
Defense Metals Corp.
is a mineral exploration and development company focused on the acquisition,
exploration and development of mineral deposits containing metals and elements
commonly used in the electric power market, defense industry, national security
sector and in the production of green energy technologies, such as, rare earths
magnets used in wind turbines and in permanent magnet
motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare
Earth Element property located near Prince George, British Columbia, Canada.
Defense Metals Corp. trades in Canada on the TSX Venture Exchange under the
symbol “DEFN”, 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
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, statements relating to advancing the
Wicheeda REE Project, the Company’s plans for its Wicheeda REE Project, the
expected outcomes and benefits of the Agreement with the MLIB, 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 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 results, risks related to the inherent
uncertainty of exploration and cost estimates, the potential for unexpected
costs and expenses and those other risks filed under the Company’s profile on
SEDAR at www.sedar.com. 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
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 and engineering
assumptions, 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, an
inability to predict and counteract the effects of COVID-19 on the business of
the Company, including but not limited to, the effects of COVID-19 on the price
of commodities, capital market conditions, restriction on labour and
international travel and supply chains, loss of key employees, consultants, or
directors, increase in costs, delayed drilling 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.
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