#RenewableEnergy #Stocks: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Engages Welsbach Holdings Pte. Ltd. to Advance Wicheeda #REE Project; @DefenseMetals

#RenewableEnergy #Stocks: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Engages Welsbach Holdings Pte. Ltd. to Advance Wicheeda #REE Project; @DefenseMetals

 

Vancouver, British Columbia – February 12, 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 engaged Welsbach Holdings Pte Ltd. (“Welsbach”) to assist in building awareness for its Wicheeda Rare Earth Element (REE) Property (“Wicheeda”), providing physical product market research, introductions to supply chain partners, and assistance in commercial negotiations.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/02121DEFN-Wicheeda-REE.asp

 

The road accessible Wicheeda REE Property 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]. Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE material yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) critical magnet metals[2].

 

Craig Taylor, CEO of Defense Metals, stated: “The engagement of Welsbach will enable Defense Metals to leverage their extensive experience and relationships in the Asia-Pacific region (Australia, Singapore, China, Japan, and South Korea), Continental Europe, and the United States towards engaging in one-on-one discussions with REE refiners and separators. The goal is the successful negotiation of one or more binding commercial REE offtake and/or other supply chain agreements with respect to the Wicheeda REE Deposit. Welsbach will immediately commence its work aiding with respect to strategic partner identification, business introductions, and ultimately commercial negotiations.”

 

Brendan Jephcott, Welsbach’s Asia advisory partner said: “We are pleased to engage with Defense Metals Corp. regarding the Wicheeda project. The current global situation requires supply chains to strengthen their resilience and increase their capacity, in order to respond to growing demand. Part of our mission at Welsbach is to support the efforts of junior mining companies and assist them in their commercial processes. Welsbach is a specialist in the Energy Transition Metals Supply Chain and we are keen to bring Defense Metals Corp project to our network of mid and downstream partners". 

 

About Welsbach Holdings Pte Ltd.

For more information regarding Welsbach please click here.

Welsbach invests and develops projects that are related to technology materials and clean energy generation. Welsbach has supply chains partners in the upstream and midstream segments; Welsbach also focuses on R&D solutions for industrial consumers in the downstream segment.

 

Carl Auer Von “Welsbach” was an Austrian scientist who separated didymium into the elements neodymium and praseodymium in 1885. His work on rare-earth elements led to the development of the ferrocerium “flints” used in modern lighters, the gas mantle, which brought light to the streets of Europe in the late 19th century, and the metal-filament light bulb. 

 

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 services to be provided by Welsbach and the expected outcomes including the negotiation and completion of commercial agreements, 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, 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.

 

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

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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)

[2] See Defense Metals News Release dated September 23, 2020

#ElectricVehicles and Critical Commodities Media Alert - Stocks Mentioned: (TSX-V: $ DEFN.V) (OTCQB: $ DFMTF) (NYSE:$NIO) (OTC: $GELYF) @DefenseMetals

#ElectricVehicles and Critical Commodities Media Alert - Stocks Mentioned: (TSX-V: $ DEFN.V) (OTCQB: $ DFMTF) (NYSE:$NIO) (OTC: $GELYF) @DefenseMetals 

 

Vancouver, British Columbia, February 11, 2021 Investorideas.com Newswire –Media alert for Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).The company was featured in the following article:

 

The energy turnaround is in full swing. The sales figures for electric cars alone increased by over 100% compared to the previous year. The demand for the new vehicles is unbroken. The demand for raw materials needed to build new-generation batteries and motors already significantly exceeds supply. Added to this is the trade war with China. If no adequate alternatives are found here, there is a threat of collapse.

 

Full article and Original source 
https://news.financial/comments/nio-defense-metals-geely-collapse-looms

 

Read this media alert for DEFN in full at https://www.investorideas.com/news/2021/mining/02112DEFN-DFMTF-NIO-GELYF.asp

 

THE BALL IS IN CHINA'S COURT

In addition to lithium, which is needed for the construction of batteries, there is also an enormous surplus demand for other raw materials, which will become even more acute in the coming years. For example, permanent magnets for electric motors are produced based on rare earth metals. At the moment, 80% of rare earth production still occurs in China, which has a virtual monopoly. Due to the US trade dispute, this can lead to enormous supply bottlenecks in the Western world.

 

Thus, as early as 2017, former President Trump attempted to free the US from dependence on China for rare earth metals by issuing an Executive Order. That Executive Order was followed in early October 2018 by a presidential declaration declaring a national mining emergency to establish a US domestic rare earth metals stockpile for military needs.

 

THE US COOPERATES WITH CANADA

The next steps and closer cooperation in the production of electric cars is now to take place between the neighboring countries of Canada and the United States. Canadian leader Trudeau stressed that Canada and the United States can work more closely together on supplies of critical minerals needed to make batteries for cars and other clean technologies. Canada has many of the rare earth metals needed for car batteries and solar panels, he said.

 

General Motors Co, Ford Motor Co and Stellantis NV already announced plans to produce electric vehicles in Canada. "There are a lot of really great opportunities to develop partnerships and manufacturing facilities not just for the North American market, but for the whole world," Trudeau added.

 

LIKE WINNING THE LOTTERY

Defense Metals . (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D). CEO Craig Taylor is exceptionally pleased with the Canadian and US governments' current integration plans for electric vehicles and critical commodities such as rare earth metals. Not surprisingly, his Company is one of the primary beneficiaries of the envisioned cooperation. Thus, the Company leader made the following comments: "As we continue to develop the 1,708-hectare Wicheeda rare earth deposit near Prince George in British Columbia, we are actively working with government agencies and affiliated government groups. We expect 2021 to be a very busy year for our Company."

 

The stock chart shows that Defense Metals is on the right track. The share price has almost tripled since last year, from EUR 0.10 to now EUR 0.27. The stock market value is currently EUR 13.50 million. Should Canada become the new center of rare earth metals in the western world, Defense Metals should profit from this. The share is traded not only on the home stock exchange in Toronto but also in Germany.

 

FANTASTIC DEVELOPMENT

Chinese automaker NIO  (NYSE: NIO) is currently valued at USD 90 billion on the stock market, making it more valuable than Daimler and BMW. The share price has increased fifteenfold within a year. Unlike its peer group, NIO uses a battery swap system, which is very complex and expensive to develop and manufacture. The figures for the fourth quarter and the full year 2020 are now eagerly awaited. In advance, the US investment bank Morgan Stanley has already commented positively on the Chinese electric car producer and significantly increased the price target for the share. JP Morgan is also bullish on the Chinese automaker. The consensus estimates for the fourth quarter of 2020 are for Company revenue of just under USD 991 million and earnings per share of negative USD 0.08. For full-year 2020, analysts expect Company revenue of USD 2.48 billion and earnings per share of negative USD 0.59.

 

GROWTH SLOWS DOWN

Still strong numbers with slowing momentum is how the January sales figures for electric car maker Geely (OTC: GELYF) can be summarized. A total of 156,326 vehicles were sold in the first month of the year. This figure represents an increase of 40% compared to the same period last year. Compared to December 2020, however, sales grew by only about 1%. Among the total number of cars delivered by Geely Automobile in January 2021, 4,289 were New Energy and Electrified Vehicles, representing a considerable downturn. Geely sold 7,171 units in this division in the previous month. Of the total vehicles sold in the month, there were 60,823 sedans, 93,827 SUVs and 1,676 multi-purpose cars.

 

Full article in German

https://www.kapitalerhoehungen.de/kommentare/nio-defense-metals-geely-es-droht-der-kollaps

 

Excerpt

Die Energiewende ist in vollem Gange. Allein die Absatzzahlen der Elektroautomobile konnten um über 100% gegenüber dem Vorjahr gesteigert werden. Die Nachfrage nach den neuen Fahrzeugen ist ungebrochen. Der Bedarf an Rohstoffen, die für den Bau von Batterien und Motoren der neuen Generation benötigt werden, übersteigen schon jetzt das Angebot deutlich. Hinzu kommt der Handelskrieg mit China. Findet man hier keine adäquaten Alternativen, droht der Kollaps.

 

CHINA AM ZUG

Neben Lithium, dass für die Bau der Batterien gebraucht wird, besteht auch bei anderen Rohstoffen enormer Nachfrageüberhang, der sich in den nächsten Jahren noch deutlich zuspitzen wird. Auf Grundlage seltener Erdmetalle werden zum Beispiel Permanentmagneten für Elektromotoren hergestellt. Die Produktion der seltenen Erden findet im Augenblick noch zu 80% in China statt, das Land besitzt quasi ein Monopol. Durch den Handelsstreit mit den USA kann es dadurch in der westlichen Welt zu enormen Angebotsengpässen führen. So versuchte bereits 2017 der frühere Präsident Trump mit dem Erlass einer Executive Order, die USA von der Abhängigkeit durch China in Bezug auf die seltenen Erdmetalle loszueisen. Dieser Executive Order folgte Anfang Oktober 2018 eine Erklärung des Präsidenten, in der er den nationalen Notstand im Bergbau ausrief, mit dem Ziel, ein inländisches seltene Erdmetalllager der USA für militärische Erfordernisse einzurichten.

 

USA KOOPERIERT MIT KANADA

Nun solle zwischen den Nachbarländern Kanada und den Vereinigten Staaten die nächsten Schritte und eine engere Zusammenarbeit bei der Produktion von Elektroautos erfolgen. So betonte das kanadische Oberhaupt Trudeau, dass Kanada und die Vereinigten Staaten bei der Versorgung mit kritischen Mineralien, die für die Herstellung von Batterien für Autos und andere saubere Technologien benötigt werden, enger zusammenarbeiten können. Kanada habe viele der seltenen Erdmetalle, die für Autobatterien und Solarpaneele benötigt werden. General Motors Co, Ford Motor Co und Stellantis NV kündigten bereits an, Elektrofahrzeuge in Kanada zu produzieren. "Es gibt eine Menge wirklich großartiger Möglichkeiten, Partnerschaften und Produktionsanlagen nicht nur für den nordamerikanischen Markt, sondern für die ganze Welt zu entwickeln", fügte Trudeau hinzu.

 

WIE EIN SECHSER IM LOTTO

Äußerst zufrieden zeigt sich der CEO von Defense Metals, Craig Taylor, im Hinblick auf die jüngsten Integrationspläne der kanadischen und US-amerikanischen Regierung in Bezug auf Elektrofahrzeuge und kritische Rohstoffe wie seltene Erdmetalle. Kein Wunder, ist sein Unternehmer ja einer der Hauptprofiteure der angedachten Kooperation. So äußerte sich der Unternehmenslenker wie folgt: „Im Zuge des weiteren Ausbaus der 1.708 Hektar großen Seltenerdlagerstätte Wicheeda in der Nähe von Prince George in British Columbia arbeiten wir aktiv mit Regierungsbehörden und angeschlossenen Regierungsgruppen zusammen. Wir gehen davon aus, dass 2021 für unser Unternehmen ein sehr arbeitsreiches Jahr werden wird.“

 

Dass Defense Metals auf dem richtigen Weg ist, zeigt der Aktienchart. So konnte sich der Kurs seit dem vergangenen Jahr von 0,10 EUR auf aktuell 0,27 EUR fast verdreifachen. Der Börsenwert liegt im Moment bei 13,50 Mio. EUR. Sollte Kanada zum neuen Zentrum der seltenen Erdmetalle in der westlichen Welt aufsteigen, dürfte Defense Metals extrem davon profitieren, Die Aktie wird neben der Heimatbörse in Toronto auch in Deutschland gehandelt.

Author

STEFAN FEULNER

 

 

About Defense Metals Corp. https://defensemetals.com/

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

 

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 finding partnerships, securing potential offtake agreements, and other business opportunities, 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 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

 

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#Metals/ #GreenEnergy News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Engages Welsbach Holdings Pte. Ltd. to Advance Wicheeda #RareEarth Elements Project; @DefenseMetals

#Metals/ #GreenEnergy News -Defense Metals (TSX-V: $DEFN.V)

(OTCQB: $DFMTF) Engages Welsbach Holdings Pte. Ltd. to Advance

Wicheeda #RareEarth Elements Project; @DefenseMetals 

 

Vancouver, British Columbia – February 11, 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 engaged Welsbach Holdings Pte Ltd. (“Welsbach”) to assist in building awareness for its Wicheeda Rare Earth Element (REE) Property (“Wicheeda”), providing physical product market research, introductions to supply chain partners, and assistance in commercial negotiations.

 

Read this news, featuring DEFN in full at http://www.investorideas.com/news/2021/mining/02111DEFN-Wicheeda.asp

 

The road accessible Wicheeda REE Property 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]. Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE material yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) critical magnet metals[2].

 

Craig Taylor, CEO of Defense Metals, stated: “The engagement of Welsbach will enable Defense Metals to leverage their extensive experience and relationships in the Asia-Pacific region (Australia, Singapore, China, Japan, and South Korea), Continental Europe, and the United States towards engaging in one-on-one discussions with REE refiners and separators. The goal is the successful negotiation of one or more binding commercial REE offtake and/or other supply chain agreements with respect to the Wicheeda REE Deposit. Welsbach will immediately commence its work aiding with respect to strategic partner identification, business introductions, and ultimately commercial negotiations.”

 

Brendan Jephcott, Welsbach’s Asia advisory partner said: “We are pleased to engage with Defense Metals Corp. regarding the Wicheeda project. The current global situation requires supply chains to strengthen their resilience and increase their capacity, in order to respond to growing demand. Part of our mission at Welsbach is to support the efforts of junior mining companies and assist them in their commercial processes. Welsbach is a specialist in the Energy Transition Metals Supply Chain and we are keen to bring Defense Metals Corp project to our network of mid and downstream partners". 

 

About Welsbach Holdings Pte Ltd.

For more information regarding Welsbach please click here.

Welsbach invests and develops projects that are related to technology materials and clean energy generation. Welsbach has supply chains partners in the upstream and midstream segments; Welsbach also focuses on R&D solutions for industrial consumers in the downstream segment.

 

Carl Auer Von “Welsbach” was an Austrian scientist who separated didymium into the elements neodymium and praseodymium in 1885. His work on rare-earth elements led to the development of the ferrocerium “flints” used in modern lighters, the gas mantle, which brought light to the streets of Europe in the late 19th century, and the metal-filament light bulb. 

 

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 services to be provided by Welsbach and the expected outcomes including the negotiation and completion of commercial agreements, 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, 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)

[2] See Defense Metals News Release dated September 23, 2020