#Metals/ #GreenEnergy #Stocks News
-Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Invited By US Embassy,
Ottawa To Attend 2021
#SelectUSA Investment Summit As A Canadian Delegation Member; @DefenseMetals
Vancouver, British Columbia, March 17, 2021 –Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE)) is pleased to announce that it has recently been invited by the U.S Embassy in Ottawa, to attend the 2021 SelectUSA Investment Summit to be held virtually June 7-11, 2021.
Read this news, featuring DEFN in full
at https://www.investorideas.com/news/2021/mining/03171DEFN-SelectUSA-Investment-Summit.asp
Defense
Metals is currently advancing the road accessible Wicheeda Critical Rare Earth
Element (REE) Property, which is located close to infrastructure approximately
80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project
has indicated mineral resources of
4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred
mineral resources of 12,100,000 tonnes averaging 2.90% LREO[1].
Craig Taylor, CEO of Defense
Metals, stated: “Defense Metals looks forward to
attending the 2021 SelectUSA Investment Summit.
At
the Summit, Defense Metals will have the opportunity to meet with worldwide
investors and engage with U.S. economic developers and service providers who
can advise on a potential United States growth strategy. In addition, Defense
Metals will continue its engagement with U.S. Interagency players, including
the U.S. Department of Energy, the Export-Import Bank of the United States, and
the Department of Defense, to reassert its position as a critical player in the
U.S. industrial metals industry.”
The
signing of the U.S.-Canada Action Plan on Critical Minerals Cooperation has
fostered dialogue between Canada and U.S.A like no other time before. Together Canada
and the USA continue identifying vulnerabilities and challenges in supply
chains and facilitating discussions between Canadian mining producers of
critical minerals and rare earth elements and U.S. Interagency groups to create
a more resilient and safe North American supply chain.
With a
renewed U.S.-Canada bilateral dialogue underway, and given the geographic
proximity, the 2021 SelectUSA Investment Summit will take a closer look
at opportunities for Defense Metals to localize its potential upstream
operations near a U.S. end-user to create more resilient access to various
North American end users and make the operation less susceptible to trade
disruptions, while adopting responsible sourcing and sustainable practices in
our industries.
To learn
more about SelectUSA, visit https://www.selectusa.gov/ or go to www.selectusasummit.us.
Engages Xander Capital Partners
The
Company is also pleased to announce that it has engaged Xander Capital
Partners Inc. (“Xander”) for corporate consulting and marketing
services. In connection with the engagement, the Company has entered into a
consulting agreement (the “Agreement”) with Xander dated effective March
17, 2021, pursuant to which they will primarily provide services, including,
among other things, assistance with the introduction to industry partners,
analysts and banks, digital marketing, native ads, digital podcasts and content
development. Pursuant to the Agreement, the engagement will last for
approximately three months for a total cost of US$150,000, which includes
direct costs for digital marketing and native ads. Xander Capital Partners has
over 30 years of cumulative industry specific experience. Xander is
headquartered in Orlando, with their reach expanding internationally. Their
services include digital marketing and introductions to high net worth
individuals, and corporate sponsorship.
The
Agreement remains subject to the approval of the TSX Venture Exchange.
About the Wicheeda REE
Property
The 1,708 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 nearby to
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 Person
The
scientific and technical information contained in this news release as it
relates to the Wicheeda REE Property 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 National Instrument
43-101 – Standards of Disclosure for Mineral Projects. 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, 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
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 the SelectUSA Investment
Summit and the expected outcomes and engagement with U.S. agencies, plans for
its Wicheeda Property, the advancement and development of the Wicheeda
Property, the agreement with Xander, the technical, financial and business
prospects of the Company, its project and other matters and statements that address the Agreement and the approval
by the TSX Venture Exchange. 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. 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 conditions, failure to maintain or obtain 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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[1] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)
