Rare Earth Breaking News -
Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Appoints Suzanne Rich Folsom to
the Board of Directors; @defensemetals
VANCOUVER,
BC - May 31, 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 Suzanne Rich Folsom to the Board of Directors of the Company.
This news is paid advertisement/ news disseminated
on behalf of/issued on behalf of Defense Metals Corp.
Read this news, featuring DEFN in
full at https://www.investorideas.com/news/2024/05311DEFN-Suzanne-Rich.asp
Suzanne Rich Folsom is an experienced
independent director, C-Suite executive, and influential business leader. Most
recently she served as Senior Vice President and General Counsel, at Philip
Morris International where she was a key leader in the company's
transformation. Previously she was General Counsel, Chief Compliance Officer,
and SVP-Government Affairs, at United States Steel Corporation where she also
played a pivotal leadership role in that company's transformation as well as
helping reinvigorate U.S. Steel's business growth. Throughout her career, Ms.
Folsom has been a change agent and catalyst for organizational growth at
multiple companies and organizations.
Her career includes senior corporate
executive roles at ACADEMI, as the EVP, General Counsel, and Chief Compliance
Officer, at AIG, as the Deputy GC and Chief Regulatory & Compliance
Officer, and at the World Bank where she was the Counselor to the President and
Director of the Department of Institutional Integrity. In addition, Ms. Folsom
has held distinctive public administration roles including serving as: the
Private Secretary to H.M. Queen Noor of Jordan; First Family Liaison to the
Presidential Inaugural Committee; Special Assistant to Barbara Bush; Advisor to
the US Delegation to the U.N. World Women's Conference in Kenya; Chief of Staff
to the Co-Chair of a U.S. national political party; and she practiced law with
three global law firms. She is a frequent thought leadership contributor and
speaker and has been recognized in the United States and abroad for her many
contributions. Ms. Folsom holds a juris doctorate from Georgetown University
Law Center and a bachelor's degree from Duke University. Previous board service
has included the boards of Advanced Metallurgical Group AMG, VELUX LLC, and
Duke University's Sanford School of Public Policy. Ms. Folsom currently serves
on the boards of the iconic Encyclopaedia Britannica, today a global digital
media learning and knowledge products company, and Ecore International, a
revolutionary leader in rubber circularity and a transformational waste
company. She is also an Advisor to EqualFuture LLC, an AI-assisted financial
wellness and education FinTech start-up.
Ms. Folsom's deep expertise in
business strategy, governance, enterprise risk management, mergers and
acquisitions, regulatory, compliance, cyber, trade, labor, and global public
policy has enabled her to consistently deliver positive and measurable results
to the corporate bottom line. Ms. Folsom's extensive leadership, corporate
governance, public company, and global government affairs experience make her a
highly valuable addition to the Company's Board of Directors.
The Company also announces the
resignation of Andrew Burgess from its Board of Directors. The Board of
Directors and management team thank Mr. Burgess for his contributions during
his tenure since his appointment in January 2019 and wish him success in his
future endeavours.
PFS Updates
The Company expects to announce in
H2-2024 its preliminary feasibility study ("PFS") to be prepared in
accordance with National Instrument 43-101 - Standards of Disclosure for
Minerals Projects, for its 100% owned Wicheeda Rare Earth Element
("REE") project located near Prince George, B.C., Canada.
All infrastructure geotechnical field
data collection and process design in support of the PFS has been completed.
Equipment pricing, tailings disposal options and mine design are currently
being advanced and the Company expects to announce the results of the PFS in
H2-2024, with the NI 43-101 Technical Report to be filed within 45 days of the
announcement.
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:
Alex Heath
Vice President, Corporate Development
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, statements relating to advancing the Wicheeda REE
Project, the expectations and plans for the Wicheeda REE Project, continued
progress toward collaborative opportunities with processing partners and
strategic partners, 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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