Rare Earth Breaking News -
Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Release Date of its
Wicheeda Rare Earth Element Project PFS; @defensemetals
VANCOUVER,
BC - December 9, 2024 (Investorideas.com Newswire) Defense Metals Corp.
("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/ FSE: 35D) is pleased to confirm that it expects to release
the results of its Pre-feasibility Study ("PFS") for the Wicheeda
Rare Earth Element Project during the week of February 10, 2025. The full PFS
report will be prepared in accordance with National Instrument 43-101 standards
and filed within 45 days of the initial announcement.
The PFS is being prepared by Hatch
Ltd., a globally recognized engineering and consulting firm, with contributions
from SRK Consulting and other leading experts. Price projections for the mixed
rare earth carbonate expected to be produced have been provided by Argus Media,
a respected authority in the rare earths market.
This news is paid advertisement/ news disseminated
on behalf of/issued on behalf of Defense Metals Corp.
Read this news, featuring DEFN in
full at https://www.investorideas.com/news/2024/12091DEFN-Wicheeda-Rare-Earth-Element-Project-PFS.asp
Mr. Guy de Selliers, Executive Chair
of Defense Metals, commented:
"I am enthusiastic about the
release of the PFS which marks a pivotal milestone in advancing the Wicheeda
Rare Earth Element Project. This study, initiated nearly a year ago, reflects
the efforts of a world-class team, including Hatch, SRK, and other recognized
experts. We are confident that the PFS will serve as a solid foundation,
guiding us in the next steps in the development of our Wicheeda project."
Defense Metals remains committed to
advancing its 100%-owned Wicheeda Project to support the growing demand for
critical minerals essential to the green energy transition.
About Defense Metals Corp. and its
Wicheeda Rare Earth Element Project
Defense Metals Corp. is focused on
the development of its 100% owned, 11,800-hectare (~29,158-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.
For further information, please
visit www.defensemetals.com or contact:
Alex Heath
Senior Vice President, Corporate Development & Interim CFO
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, any statements (expressed or
implied) relating to: advancing the Wicheeda Project, the use of net proceeds
from the Private Placement, final TSXV approval of the Private Placement, the
technical, financial and business prospects of the Company, its project and
other matters. Forward-looking statements are typically identified by words
such as "plan," "believe," "expect,"
"anticipate," "intend," "outlook,"
"estimate," "forecast," "project,"
"continue," "could," "may," "might,"
"possible," "potential," "predict,"
"should," "would" and other similar words and expressions,
but the absence of these words does not mean that a statement is not
forward-looking. All statements in this news release, other than statements of
historical facts, that address events, contribution 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.
SOURCE Defense Metals Corp.
Defense Metals Corp. (TSX-V:DEFN
/OTCQB:DFMTF) is a featured mining stock on Investorideas.com
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