#RareEarth #Metals Media Alert for
Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- BYD (OTC: $BYDDF), PLUG POWER
(NASDAQ: $PLUG) - CHINA FIRST! @DefenseMetals
Vancouver, British Columbia – April 14, 2021 - Investorideas.com Newswire –Media alert for Defense Metals Corp. ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D). The company was featured in the following article: BYD, DEFENSE METALS, PLUG POWER - CHINA FIRST!
Read this news,
featuring DEFN in full at https://www.investorideas.com/news/2021/mining/04141DEFN-Rare-Earth-Metals.asp
BYD, DEFENSE
METALS, PLUG POWER - CHINA FIRST!
https://news.financial/comments/byd-defense-metals-plug-power-china-first
Excerpt
Cars
are to run on electricity, trucks are to be powered by hydrogen, and in the
future, wind turbines, solar panels and hydroelectric power plants will
generate the electricity. All well and good, but beware, dear climate
activists, wind, solar energy and electromobility require mineral raw materials
that also leave an ecological footprint when they are extracted. These raw
materials are not produced in our country, but almost 80% in China. Due to the
Middle Kingdom's demand and the ongoing trade war, the Western world is
threatened by a shortage of resources, which endangers the well-intentioned but
poorly prepared energy transition.
ENORMOUS DEPENDENCE
China
is the world's largest market for electric cars. Domestic demand continues to
grow tremendously. Chinese electric carmakers BYD (OTC: BYDDF) , Nio ( NYSE: NIO) , Xpeng ( NYSE: XPEV) and Li Auto all achieved triple-digit
growth rates in the electric car segment last year. Now, the government issued
a new directive last month, further tightening regulation on the production of
rare earth metals. The goal, it said, is to develop and preserve these
resources to meet rising domestic demand and protect the strategic resource
amid intensifying global competition. Rare earth metals, also known as
"industrial gold," are a group of 17 chemical elements that find
their applications in medicine, renewable energy, permanent magnets in electric
motors, or batteries in cell phones or laptops. The raw materials are also
extremely important for the defense industry.
SHARPER TONE
BETWEEN CHINA AND THE USA
The
trade war that got underway under the Trump administration continues under new
President Joe Biden. China set up export controls on rare earth metals to slow
the production of US fighter jets. Likewise, a blacklist is to be created,
listing primarily defense companies such as Lockheed Martin, Boeing and
Raytheon, which are supplying arms to Taiwan. The US alone invested about USD
1.2 trillion in defense last year. To ensure a secure supply chain for rare
earth metals outside of China, the US, Japan, Australia, and India want to work
together. However, as there are currently few rare earth metal projects
ex-China, dependence on the existing supply chain is likely to remain for the
next 10 years.
FEW EXISTING
ALTERNATIVES
While
projects are increasingly being launched in Australia and the US, the number of
companies already underway is scarce. One of the most promising projects is
being run by Canadian mineral explorer Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D),
focusing on its 1,708-hectare Wicheeda rare earths project near Prince George
in British Columbia. According to company data, mineral resources there are 4.9
million tons at an average grade of 3.02% LREO (light rare earth metals) and
inferred mineral resources of 12.1 million tons at an average grade of 2.90%
LREO. Within four years, the resources and consequently the value of the
deposit have almost doubled. The project offers outstanding infrastructure and
stands out with low pilot and drilling costs.
CONSISTENTLY GOOD
NEWS FLOW
For
weeks, Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D)
has been shining with consistently good news. In early March, very positive
results were reported in hydrometallurgical tests with flotation concentrating
in advance of the pilot study with a high impurity precipitation rate with
minimal loss of rare earths. The next objective is to complete the
hydrometallurgical pilot plant. A drilling program to further upgrade and
increase the deposit's size is also scheduled to begin in the third quarter.
Earlier
this week, management announced that two of the world's leading companies
involved in smelting and separating rare earth elements (SEE) had requested
samples of SEE mineral concentrate from Wicheeda for testing. Craig Taylor, CEO
of Defense Metals, confirms the growing international demand for easily
accessible, high-quality, North American SEE products. The Company currently
has a market capitalization of only EUR 16.48 million. The market has not yet
recognized the potential of this Company.
END OF THE
CORRECTION?
It
smells like bottoming out for Chinese automaker BYD (OTC: BYDDF). The support line at around EUR 18.0 was
successfully tested several times. A breakout above the EUR 19.60 mark would
give the chart some room to move upwards again. The next price target then lies
at around EUR 22.0. On the fundamental side, BYD could announce the start of
production of the SkyRail passenger transport system to construct a monorail
line in the Brazilian region of Bahia. SkyRail is designed to connect
communities while boosting the economy and tourism in the Brazilian state of
Bahia.
WORSE THREATENS TO
COME
The
important support level of USD 30 has been breached. The trigger was a critical
statement by an analyst from Morgan Stanley on Monday. Thus, the price target
was set at USD 35 and the rating at "equal weight." Much of the
expected growth is already included in the price, said the expert. In chart
terms, should the price continue to deflate today in the course of trading, the
200-day line at currently USD 27.70 is a glimmer of hope. Otherwise, a crash
towards USD 20 could take place. Due to the oversold condition, we see a
speculative trading opportunity against the trend in the short term.
Author
The
native Franconian has more than 20 years of stock exchange experience and a
broadly diversified network.
He is passionate about analyzing a wide variety of business models and
investigating new trends.
CONFLICT OF
INTEREST & RISK NOTE
In
accordance with §34b WpHG we would like to point out that Apaton Finance GmbH
as well as partners, authors or employees of Apaton Finance GmbH may hold long
or short positions in the aforementioned companies and that there may therefore
be a conflict of interest. Apaton Finance GmbH may have a paid contractual
relationship with the company, which is reported on in the context of the
Apaton Finance GmbH Internet offer as well as in the social media, on partner
sites or in e-mail messages. Further details can be found in our Conflict of
Interest & Risk Disclosure.
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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