#Metals/ #GreenEnergy #Stock News -Defense Metals (TSXV: $DEFN.V)(OTCQB:
$DFMTF) Revaluates its Athabasca Basin #Uranium Projects;
@DefenseMetals
Vancouver,
British Columbia – September 23, 2021: –Investorideas.com
Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals
Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that in light of renewed and
sustained uranium interest which has driven uranium spot prices to multi-year
highs, it has commenced an updated internal technical review of its Athabasca
Basin uranium project holdings.
Read this news,
featuring DEFN in full at https://www.investorideas.com/news/2021/mining/09231DEFN-Athabasca-Basin-Uranium.asp
During
2018, Defense Metals acquired 100% of the Geiger North and Klaproth projects for
a combination of cash and share payments; with Geiger North being subject to a
2% net smelter return royalty. The projects comprise a total of five mineral claims
totalling 9,363 hectares (ha) located in the northeast Athabasca Basin, with
the Geiger North claims (1,233 ha) being in good standing until summer-fall
2022, and Klaproth (8,130 ha) in good standing until early 2023.
Figure 1. Defense Metals Athabasca Basin Uranium Projects
The
Geiger North and Klaproth projects are located approximately 35 kilometres
northwest of the McClean Lake mine and mill, in a relatively under-explored
area of the Athabasca Basin adjacent to the Wollaston-Mudjatik transition zone
– a major crustal suture related to most of the major uranium deposits in the
eastern Athabasca Basin.
The Geiger
North and Klaproth projects are surrounded by multiple major mining companies, giving the
company a strategic foothold in a proven and prolific uranium mining district.
Uranium
mineralization in the northeast Athabasca Basin and vicinity of the Geiger and
Klaproth projects is typically associated sheared graphitic-gneiss basement
rocks that present as prominent conductive anomalies. Defense Metals is
currently initiating an updated review of historical exploration (diamond
drilling, ground, and airborne magnetic and electromagnetic geophysical, and
geochemical surveys) completed within the projects. The expectation is that
results of the data review will form the basis for go-forward justification for
renewed exploration up to and including commissioning of project wide airborne
electromagnetic geophysical surveys to identify prospective basement conductive
anomalies.
Craig Taylor, CEO of Defense Metals, stated: “The renewed interest
in uranium has prompted Defense Metals to reassess its considerable land
position in the prolific northeast Athabasca Basin. While the Company’s focus
remains on advancing it flagship Wicheeda REE Deposit near Prince George,
British Columbia, we look forward to further capitalizing on the shareholder value
brought by the Geiger North and Klaproth
Projects.”
Qualified Person
The
scientific and technical information contained in this news release 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. Past results or discoveries on
proximate land are not necessarily indicative of the results that may be
achieved on the Company’s properties.
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 Geiger North and
Klaproth projects including any potential work programs, plans for its Wicheeda
Property, the advancement and development of the Wicheeda Property, 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 and the price of uranium, 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 and 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), decrease in the price of rare
earth elements or uranium, 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.
Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third
party sourced news, articles and equity research as well as creates original
content, including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release
questions. Disclosure is posted for each compensated news release, content
published /created if required but otherwise the news was not compensated for
and was published for the sole interest of our readers and followers.
Disclosure : this news release featuring Defense Metals
Corp. is a paid for service on Investorideas.com ($750) More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and
our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Please read Investorideas.com privacy
policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
https://www.investorideas.com/About/
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
MiningSectorStocks.com
- investing ideas in mining stocks
Like Mining Stocks? View our
Mining
Stocks Directory Get News
Alerts on Mining Stocks
