Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: DEFN; DFMTF; 35D

Rare Earths Firm to Process Bulk Sample from BC Property
News Update

Source:

Defense Metals' decision to move forward marks another milestone in the advancement of its Wicheeda project.

In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced that starting in April, it plans to conduct flotation pilot plant processing of the 30-ton bulk sample from its Wicheeda rare earth elements (REEs) property in British Columbia.

The company based its decision to proceed with this on the positive results from bench-scale flotation and hydrometallurgical testing, which resulted in development of a flowsheet. It showed that Wicheeda REEs mineralization "is amenable to relatively simple treatment via well-established flotation and hydrochloric acid leach/caustic crack REE extraction methods," the release explained.

The aims of the pilot plant testing, which is estimated to take about 17 weeks, are threefold, according to the company. One is to confirm, in a pilot plant environment, the metallurgical findings. The second is to generate data for engineering purposes. The third is to produce a significant quantity of concentrate for downstream hydrometallurgy testing.

As for the methodology, the pilot plant will continuously treat up to 30 tons of material over 180 hours at a feed rate of about 150 kilograms per hour. First, the circuit will be commissioned to reach stable operation and get close to grinding and metallurgical targets. Next, a series of six to eight optimization runs will be conducted. Their duration will mirror those done in the commissioning phase.

"A continuous, 48-hour run (or two, 24-hour runs) would serve to confirm metallurgy over extended operation," according to the release.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Defense Metals. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Defense Metals, a company mentioned in this article.




Learn More about Which Online Broker is Right for You?

Want to read more about Critical Metals investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe