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Defense Metals Corp.

Defense Metals has an indicated mineral resource of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred resources of 12,100,000 tonnes averaging 2.90% LREO.

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.


Expert Comments:

Stefan Feuler, News Financial

"Politicians are desperately looking in Europe or North America for alternatives to rare earth metals production in China. Defense Metals Corp., a mineral explorer, is at the top of the list. . .research is underway at the Wicheeda project in the province of British Columbia. The company says mineral resources are 4.9 Mt at an average grade of 3.02% light rare earth metals (LREO) and Inferred mineral resources of 12.1 Mt at an average grade of 2.90% LREO."

Defense Metals Corp. reported it has appointed Jamie Spratt as a strategic advisor to the company.
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Greg Nolan, Equity Guru

"Everything appears to be lining up for Defense Metals Corp.'s highly strategic Wicheeda rare earth element (REE) deposit. . .the metallurgy looks good, great actually. . .and the underlying fundamentals supporting firmer REE prices really couldn't be better."

Defense Metals reported that it is advancing its baseline environmental monitoring programs at its Wicheeda Rare Earth Element Property in British Columbia.
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News Financial

"Defense Metals Corp. has an option to acquire 100% of the 1,708-hectare Wicheeda rare earth element property. . .the company just last week strengthened its management team and appointed Andrew Leland as its strategic advisor. He has been with Lockheed Martin as a systems engineer since 2017."

Clive Maund,

"Defense Metals Corp. is a rare earth stock that looks like it is ready to break out above a line of resistance at about CA$0.205. . . it looks like a Buy here with the sector correction believed to have run its course."

Byron King, St. Paul Research

"Defense Metals Corp. is an early-stage exploration play holding claims on a well-endowed body of rare earth minerals in the middle of British Columbia. Drill results so far indicate large-scale, high-grade mineralization to make up a significant ore body."

Test work on a bulk sample from Defense Metals' Wicheeda project produced a concentrate grading 51.6% total rare earth oxide.
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Thibaut Lepouttre, Caesars Report

"Defense Metals Corp. saw an important piece of the rare earth processing puzzle fall into place when the government of Saskatchewan announced it will make CA$31M in funding available for a rare earth element (REE) processing facility. . .this could potentially be important for the company as its current plan is to produce a mineral concentrate at its Wicheeda REE project. . .as a mineral concentrate only has a payability of $0.20–0.25 on the dollar, additional upgrades to said mineral concentrate will be necessary to improve the economics."

Defense Metals reported that the Saskatchewan government will provide CA$31 million in funding for the province's first rare earth element processing facility.
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Defense Metals reports that test results show large-scale bulk sample flotation processing of its REE deposit material is viable.
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More Expert Comments

Experts Following This Company

headshot of Byron King
Byron King, Editor – Agora Financial
headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report
Clive Maund –
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold

The information provided above is from analysts, newsletters, the company and other contributors.

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The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

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Readers should conduct their own research for all information publicly available concerning the company.

Investing Highlights
Diversified Approach (Rare Earth and Uranium ) Extensive Local Infrastructure
Strong Executive Team and Board/ Advisory, Implementing Focused Strategy
Proven and Renowned Asset Base, Large Resource Growth Opportunity
catalyst Calendar
SGS completion of Wicheeda bulk sample metallurgy phase 1
DEFN initiates a Wicheeda deposit drilling program