Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: DEFN; DFMTF; 35D

REE Explorer Recruits Jamie Spratt to Serve as Strategic Advisor
News Update

Share on Stocktwits

Source:

Defense Metals Corp. reported it has appointed Jamie Spratt as a strategic advisor to the company.

In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) reported that it has appointed Jamie Spratt as a Strategic Advisor to the company.

Defense Metals stated that Spratt founded a mining focused corporate finance and advisory business called Walmsley Capital Inc. where he is currently a principal. The firm noted that Spratt has a lengthy track record in capital markets and investments in the mining sector and has a solid reputation as both an analyst and advisor with mining industry CEOs as well as institutional investors. Spratt previously worked at a mid cap focused boutique investment bank called Clarus Securities for 10 years in the role of partner and equity research analyst and began his career at an independent investment bank where he gained valuable transaction experience by advising on corporate finance, merchant banking and M&A in the metals and mining sector.

Defense Metals' CEO Craig Taylor remarked, "Mr. Spratt brings a wealth of corporate finance, capital markets and M&A experience to bear on Defense Metals efforts to advance the Wicheeda (REE) Deposit. We look forward to Mr. Spratt's contributions in light of sustained upward price pressures on critical magnet metals, principally neodymium and praseodymium. Over the past 6 months we have seen an 80% increase in neodymium oxide spot prices from approximately US$40/kg in early June to most recently US$72/kg as of December 1, 2020. Defense Metals believes these price increases represent real future demand trends triggered as a result of the beginning of a fundamental shift towards the green energy-electric vehicle sector."

The company stated that as outlined in a Technical Report prepared by APEX Geoscience Ltd. in June 2020, "the Wicheeda Rare Earth Elements (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." The firm advised that it holds an option allowing it to acquire 100% the Wicheeda REE Property, which covers approximately 1,700 hectares and is located close to Prince George, B.C.

[NLINSERT]

Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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 decision to publish an article until three business days after the publication of the 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.





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

A valid email address is required to subscribe