Breaking Rare Earth News: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Ships Mixed Rare Earth
Carbonate Sample to Two of the largest REE companies in the World; @defensemetals
Vancouver, British Columbia - March 4, 2024: (Investorideas.com
Newswire) Defense Metals Corp. ("Defense Metals" or the
"Company") (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is
pleased to announce that a sample
of mixed rare earth carbonate (“MREC”) has been shipped to two of the
world’s largest Rare Earth Element (“REE”) companies. Samples generated by
SGS Canada Inc. in Lakefield, Ontario during 2023 hydrometallurgical piloting
test work performed on concentrate produced by earlier flotation pilot plant testing
of a 26-tonne bulk sample taken from the Company’s wholly-owned Wicheeda deposit
have now been sent to almost every REE separator in the world.
Read this news, featuring DEFN in full
at: https://www.investorideas.com/news/2024/03041DEFN-Ships-Rare-Earth-Carbonate-Samples.asp
MREC samples shipped to the recipients are independently
verifying the high-quality of the REE product from the Wicheeda deposit, and further
establishing Defense Metals’ Wicheeda REE Project as a critically important,
future North American source of rare earths.
Craig Taylor, CEO of Defense Metals,
commented:
“Defense Metals continues
to advance the Wicheeda Project, establishing it as one of the few western
world REE projects that has the key characteristics required for a viable REE
project including: (1) location and superior
logistics, (2) minerology, metallurgy, and grade, (3) the ability to produce a
REE product as established by pilot plant operations , (4) significant
potential mine life, and (5) social licence and support of the McLeod Lake
Indian Band. Defense Metals believes strongly that Wicheeda will play a key
role in establishing North American REE supply chains; first and foremost, with
respect to mining and hydrometallurgical processing, and ultimately with
respect to the onshoring of downstream REE separation, refining and metallizing
capabilities. Defense Metals is positioned as one of the very few North
American REE companies having true ability to achieve this vision.”
Defense Metals to Attend the
Prospectors & Developers Association of Canada Convention
Defense Metals will be attending the Prospectors & Developers
Association of Canada (PDAC) Convention in Toronto, Canada from March 3 to
March 6, 2024, and invites interested parties to visit us at Booth #2500 and at
Discovery Group’s Booth #2630.
Qualified Person
This news
release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.),
a Principal of APEX Geoscience Ltd., of Edmonton, Alberta, a technical
consultant to the Company, and a “Qualified Person” as defined in NI 43-101.
About Defense
Metals Corp. and its Wicheeda Rare Earth Element Project
Defense
Metals Corp. is a mineral exploration and development company 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 attending PDAC and related meetings, 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.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 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 Covid-19 or other 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
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