Rare Earth Breaking News -
Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Appoints Guy de Selliers de
Moranville to the Board of Directors; @defensemetals
VANCOUVER,
BC - April 3, 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 Mr. Guy
de Selliers de Moranville as a new director to the Board of Directors. The
Company also announces the resignation of Dr. William H. Bird as a Director,
who will remain as a rare earth elements industry advisor.
Read
this news, featuring DEFN in full at https://www.investorideas.com/news/2024/04031DEFN-Guy-de-Selliers-de-Moranville.asp
Mr. de Selliers is a highly
experienced finance professional with an illustrious career. He started his
career at the World Bank in the mining division. He then joined Lehman Brothers
in New York as Senior Vice President International Corporate Finance where
among other assignments he covered the Canadian mining sector. In 1990 he was a
key member of the senior executive team involved in the creation of the
European Bank for Reconstruction and Development Bank (EBRD). Following the
EBRD he was CEO of MC-BBL, held an executive position with Robert Fleming and
Co, advised the European Commission on a number of issue including co-Chairing
with a joint Russian/European task force for strategic energy projects.
He
founded in 2003 an advisory firm HCF International Advisors which became the
leading independent financial debt financial advisor to the metals and mining
sector.
Throughout
his career, Mr. de Selliers has been a board member of numerous influential
organizations including Solvay Group, Ageas Group, AG Insurance Belgium,
Ivanhoe Mining, Advanced Metallurgical Group AMG, Norilsk Nickel, Wimm Bill
Dann. He currently sits on the boards of I Pulse, a private high-tech company
in France, The Cranemere Group Ltd., a privately held financial holding company
in the UK, and Radix, a think-tank for the Radical Center (UK).
With
a Master's degree in engineering and a Master's degree in economics from
Louvain University in Belgium, Mr. de Selliers is widely regarded for his
diverse expertise across various sectors. His extensive knowledge and
experience in the international business community make him a highly valuable
asset to the Company's Board of Directors.
Guy
de Selliers, Director, stated:
"Having
reviewed the Wicheeda project and compared it to many others and engaging with
the Defense Metals' team, I am confident that the Wicheeda REE project
possesses the essential qualities needed to emerge as North America's next Rare
Earth Mine. I eagerly anticipate collaborating with the board and executives to
further develop this strategic asset."
Craig
Taylor, CEO of Defense Metals, commented:
"The
entire Board and Management of Defense Metals are thrilled to welcome Guy, a
seasoned business leader, as he helps steer us through the next phase of
development at Wicheeda. With Guy on board, Defense Metals gains the expertise
of and knowledge of an experienced executive with a proven track record in
corporate governance, finance and project development. Additionally, on behalf
of the entire Company, I extend sincere gratitude to Bill Bird for his
substantial contributions over the past two years and look forward to
continuing to work with him as an advisor."
The
Company also announces it has granted an aggregate of 800,000 stock options to
certain directors and a consultant of the Company pursuant to the terms of the
Company's stock option plan. The stock options are exercisable to acquire
common shares at an exercise price of $0.24 per common share for a period of
three years, vesting immediately.
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, 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
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