Breaking Rare Earth News: Defense
Metals (TSX-V: $DEFN.V)
(OTCQB: $DFMTF) Receives
Positive Results from Ucore Rare Metals Inc. on its Wicheeda Rare Earth
Carbonate Sample; @defensemetals @ucore
VANCOUVER, BC, April 29, 2024 (Investorideas.com
Newswire) Defense Metals Corp. ("Defense Metals" or the
"Company") (TSX-V:DEFN / OTCQB:DFMTF/
FSE: 35D) is pleased to announce that Ucore Rare Metals Inc.
("Ucore")(TSXV: UCU) received and tested a Wicheeda mixed rare earth
carbonate ("MREC") sample at its Kingston, Ontario, RapidSX™
Commercialization and Demonstration Facility ("CDF"). Ucore confirmed
that this testing of the MREC material provides determination of its
suitability as an MREC product for commercial-scale processing with Ucore's
RapidSX™ technology at Ucore's currently under development Louisiana Strategic
Metals Complex ("SMC") project in Alexandria, Louisiana, and
subsequent planned SMCs, including a Canadian facility (see Ucore's news
release dated April 29, 2024).
Read
this news, featuring DEFN in full at https://www.investorideas.com/news/2024/04291DEFN-Ucore-Rare-Metals-Wicheeda.asp
SGS
Canada Inc. in Lakefield, Ontario, shipped the sample to Ucore's CDF on behalf
of Defense Metals. This sample was generated during Defense Metals' 2023
hydrometallurgical piloting test work performed on concentrate produced by
earlier flotation pilot plant testing of a 26-tonne bulk sample from Defense
Metal's wholly-owned Wicheeda Property in British Columbia.
Mike
Schrider, P.E., Vice President and Chief Operating Officer of Ucore, stated:
"Our
testing of the MREC product was well-received confirmation that the Defense
Metals' Wicheeda project is a source of material that can become a fundamental
economic and technical component to Ucore's plan of developing multiple SMC's
across North America – each with the ability to process a multitude of light
and heavy mixed rare earth carbonates and oxides from a vast assortment of
original mineralizations. The high-purity, and very specifically - the
acceptable spectrum of minor impurities, MREC we received sets the stage for
the companies' continued collaboration during our upcoming NRCan program and
specific incorporation into our Louisiana SMC engineering flowsheets."
Craig
Taylor, CEO of Defense Metals, commented:
"We
are pleased that Ucore has concluded that our Wicheeda MREC material is well
suited for their RapidSX™ technology and commercial-scale REE separation and
oxide production plans. Our Wicheeda project is vital in mitigating North
American reliance on non-Western rare earth sources, and we look forward to
continued progress toward collaborative opportunities with processing partners
and strategic partners, such as Ucore, across the developing North American
rare earth supply chain."
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, continued progress toward
collaborative opportunities with processing partners and strategic partners,
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
More info on DEFN.V at Investorideas.com Visit: https://www.investorideas.com/CO/DEFN/
Get
News Alerts on Defense Metals Corp DEFN
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
this DEFN news is a paid featured annual mining stock on investorideas.com – learn more about costs
and services https://www.investorideas.com/News-Upload/ More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp 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
Renewable Energy Stocks: investing ideas in
renewable energy stocks
Like Renewable Energy Stocks? View our
Renewable
Energy Stocks Directory
Get News
Alerts on Renewable Energy Stocks
Mining Sector Stocks- investing ideas in
mining stocks
Like Mining Stocks? View our Mining Stocks Directory
Get News Alerts on Mining Stocks
