#Metals/
#GreenEnergy #Stock Defense Metals (TSX-V:
$DEFN.V) (OTCQB: $DFMTF) Reinforces Leadership Following 100% Acquisition of Wicheeda #REE Property;
@DefenseMetals
Vancouver, British Columbia – January 17, 2022-Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com-Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) announces that it is reinforcing its leadership team, following the (100%) acquisition of the Wicheeda Rare Earth Element (REE) Property.
Read this in full
at https://www.investorideas.com/news/2022/mining/01171DEFN-Wicheeda-REE-Property.asp
The Company has made the following
additions to the Management Team and Board of Directors, as follows:
· Appointment of Dr. Luisa Moreno as President of Defense Metals.
Dr. Moreno was first nominated to
the Board of Directors on October 25th 2021 and going forward she will be President and Director of the Company.
Dr. Moreno is a Physics
Engineer, with a Ph.D. in Materials Science and Mechanics from
Imperial College London, in the United Kingdom. She has held positions as Senior Analyst, at Toronto based
investment banks and as an Investment Research
Analyst at a global investment research firm. She is known as a leading analyst
in rare earths and strategic minerals specialist.
Currently, Dr. Moreno is the Chief
Executive Officer of Graphano Energy Ltd. and the Managing Director of Tahuti Global Inc., a company
that she founded. As a strategic consultant she has assisted both public and private companies and institutional investors
with economic and technical assessments of mineral assets
and technologies. She also works with government institutions tasked with mineral development, value addition and supply chain
development. Dr. Moreno
is also on the board
of directors of several companies developing strategic minerals and green technologies.
· Nomination of Dr. William
Bird to the Board of Directors.
Dr.
William H Bird has a unique combination of business credentials and mineral-industry expertise and has a broad experience as officer and independent director
for publicly traded
mineral-resource companies. For instance, he was the CEO of two publicly
traded rare earths
companies. He also has a solid academic
and research experience. He began his career as a mineralogist with the Anaconda
company’s Extractive Metallurgical Research Division, where he worked directly with Anaconda’s worldwide exploration, mine, and
metallurgical personnel to solve mineralogical problems. At the University of Colorado, Dr. Bird taught
ore mineralogy and microscopy. At Colorado State
University, he taught
general mineralogy. His research has generally dealt with the mineralogy and ore
deposits of precious, base, and minor metals. As a consultant and a company
executive, he managed projects
involving industrial, ferrous, precious, minor, and base metals. Recently, he
has focused on developing low-cost, long-term supplies of the
rare-earth elements.
Concurrent with his appointment, the
Company has granted incentive stock options to Dr. Bird to purchase up to 300,000 common shares of
the Company at a price of $0.22 per common share for a period of three (3)
years. The options fully vested on
the date of grant.
Craig Taylor,
CEO of Defense Metals commented:
“With
the recent completion of a positive and robust PEA, and 100% acquisition of the Wicheeda Project, Defense Metals is
entering into a new phase of development, and we are delighted to have the extensive rare earth expertise of Dr.
Moreno as President and Dr. Bird as a Director. As President Dr. Moreno’s unique
combination of capital
markets and strategic minerals specialization will be invaluable as the broader
market recognizes the significance of the
Wicheeda REE project in the context of North American and global critical
minerals space.”
About the Wicheeda REE Property
The 2,008 hectare
Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is
readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN railway and major highways.
Geologically, the
property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature.
The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which
includes several carbonatite
and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.
Qualified Persons
The
scientific and technical
information contained in this news release as it relates
to the Wicheeda REE Project
has been reviewed and approved by Kristopher J.
Raffle, P.Geo. (BC) Principal and Consultant
of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals
and a “Qualified Person” as defined
in NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the
analytical and test data underlying the information and
opinions contained therein.
About Defense Metals
Corp.
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, 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, Canada1. 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”.
1 Independent Preliminary Economic
Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an
effective date of November 7, 2021, and prepared by SRK Consulting (Canada)
Inc. is filed under Defense Metals Corp.’s Issuer Profile
on SEDAR (www.sedar.com).
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 Property,
the Company’s plans for its
Wicheeda Property, and expected results and outcomes, 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 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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