Rare Earth Breaking News - Defense Metals
(TSX-V: $DEFN.V) (OTCQB: $DFMTF) Appoints HCF International Advisers for
Strategic Funding Review of Wicheeda REE Project; @defensemetals
VANCOUVER,
BC - March 19, 2024 (Investorideas.com Newswire) Defense Metals Corp.
("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/
35D: FSE) is pleased to announce the
appointment of HCF International Advisers Limited ("HCF"), a leading
global independent corporate finance advisory boutique based in London, UK, to
conduct a strategic funding review for the Company's wholly-owned Wicheeda Rare
Earth Element (REE) Project located in British Columbia, Canada.
Read this news, featuring DEFN in
full at https://www.investorideas.com/news/2024/03191DEFN-HCF-International-Advisers.asp
HCF specializes in providing
comprehensive financial advisory services with a primary focus on the metals
and mining sector. The strategic funding review will, among other things,
assist Defense Metals in thoroughly analyzing potential funding options and
strategic partnerships for the development and advancement of the Wicheeda REE
Project beyond the completion of its Preliminary Feasibility Study (PFS)
expected in Q2 2024.
Craig Taylor, CEO of Defense Metals,
commented:
"We are thrilled to collaborate
with HCF International Advisers for a strategic funding review of our Wicheeda
REE Project. Following our PFS, as we navigate the dynamic landscape of the
metals and mining sector, having HCF's expertise on board will be instrumental
in evaluating and pursuing optimal funding and strategic partnership
opportunities, especially in Europe."
About HCF International Advisers
HCF International Advisers is a
leading independent corporate finance advisory boutique based in London, UK,
specializing in providing strategic financial advice to companies in the metals
and mining sector. With a commitment to excellence, HCF has a proven track
record of assisting clients in navigating complex financial landscapes.
HCF is led by Guy de Sellier de
Moranville, President and Co-founder, and Sean Gorman, CEO and Managing
Director. HCF's expertise in the financing of internationally recognized mining
projects and, in particular, critical minerals, is evidenced by its involvement
as financial adviser to projects in Canada, Africa and in particular to Arafura
Rare Earths Limited on the financing of the Nolans NdPr Project (Northern
Territory, Australia).
Guy de Selliers
de Moranville - President and Co-founder of HCF
Guy is a seasoned finance professional with a
distinguished career. He served as a Senior Advisor to the Atlantic Council's
Future Europe Initiative and played key roles in advising the European
Commission and co-chairing a joint European/Russian task force for strategic
energy projects. Mr de Selliers has held executive positions at Robert Fleming
and Co Ltd, was a member of the senior executive team which created the
European Bank for Reconstruction and Development (EBRD), and served as Senior
Vice President at Lehman Brothers.
He has been a member of the board
of directors of many influential organizations such as Solvay Group, Ageas
Group, AG Insurance Belgium, Ivanhoe Mining, Pamplona, I Pulse, The Cranemere
Group Ltd, Renewable Energy Foundation, and Drive Forward. Mr de Selliers, with
a Master's degree in engineering and a Master's degree in economics from
Louvain University in Belgium, is widely respected for his diverse expertise
across various sectors, making him a valuable asset in the international
business community.
Sean
Gorman - CEO & Managing Director of HCF
Sean has over 30 years of
experience in the natural resources sector. As a Chartered Engineer, he led the
design and construction of oil refineries and onshore gas plants around the
world prior to moving into banking, where he worked in project finance and debt
restructuring for the power sector. Subsequent to that he was Head of Business
Development for a renewable energy company involved in equity investment prior
to a successful sale of the company. As CEO of HCF Sean has worked on the
financing for a wide range of projects across multiple jurisdictions and
commodities though in recent years has had a strong focus on critical minerals
and is leading the financing of the Arafura NdPr Project in Australia.
About
Defense Metals Corp. and its Wicheeda Rare Earth Element Project
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.
Defense Metals is a proud member
of Discovery Group. For more information please visit:
www.discoverygroup.ca.
For
further information, please visit www.defensemetals.com or 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 the engagement of HCF, potential funding options and strategic
partnerships, completion of a preliminary feasibility study on the Wicheeda REE
Project, advancing the Wicheeda REE Project, the expectations and plans for the
Wicheeda REE Project, 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 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.
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/
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