#Mining/ #Metals/ #GreenEnergy #Stock News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) RECEIVES FUNDS TO FUND PRELIMINARY ECONOMIC ASSESSMENT; @DefenseMetals
Vancouver, British Columbia – December 22, 2020: Mining/Metals/ Green Energy Stock News from
Investorideas.com Newswire - Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/is pleased to
announce that 3,157,828 warrants with an exercise price of $0.20 were exercised
and the remaining unexercised warrants with an expiry date of December 21, 2020
have expired. The proceeds of the exercise of these warrants were $631,565.60. The
use of proceeds will be used to complete the
preliminary economic assessment (PEA) in the new year, and for general working
capital and corporate purposes.
Read this news, featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12221DEFN-Funds.asp
Craig Taylor, CEO comments:
“The exercise of warrants adds further funds to our
company and will assist in advancing the Wicheeda Rare Earth Elements project.
We have made tremendous progress over the past two years and we look forward to
continuing that success in 2021.”
Wicheeda
REE Project
The Wicheeda REE 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].
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.
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 visit https://defensemetals.com/ or 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 Company’s plans for its
Wicheeda project, use of funds, completion of PEA, exercise of option to
acquire 100% of the Wicheeda 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 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. 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.
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
RenewableEnergyStocks.com: investing ideas in renewable energy stocks - solar, wind, batteries and more - Environmental, social and governance (ESG) investing tools
Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory
Get News Alerts on Renewable Energy Stocks
MiningSectorStocks.com - investing ideas in mining stocks
Like Mining Stocks? View our Mining Stocks Directory
[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)
