Defense Metals Corp.

Expert Comments:

Carsten Mainitz, News Financial (4/29/21) A few days ago, Defense Metals Corp. announced it had successfully completed a 26 ton flotation pilot plant campaign; from this, 1,200 kg of high-grade rare earth element mineral concentrate was recovered. Once commenced and subject to the company securing sufficient funding, completion of the various staged pilot campaigns is expected to take approximately six months."

Clive Maund, CliveMaund.com (4/22/21) "Defense Metals Corp. hit bottom and since then, the company rallied a little more, then consolidated in narrow range and now looks ready to advance anew, especially as it is on the point of breaking out of the reaction downtrend that took the form of a bullish falling wedge. Rare earths are set to be in greater demand so the larger bull market in defense metals should resume with a new uptrend taking hold. . .this is a good point to buy back Defense Metals."

Explorer Preparing High-Grade REE Concentrate Samples for Prospective Offtake Partners (3/25/21) Defense Metals Corp. reported that two interested third-party rare earth element processors have requested samples of high-grade REE mineral concentrate for evaluation. read more >

Testing Shows REEs at Canada Project Amenable to X-ray Transmission Sorting (3/11/21) With XRT sorting, Defense Metals could upgrade the mineralization of feed from Wicheeda and "significantly reduce feed volume." read more >

Explorer's Hydrometallurgy Process Achieves High Impurity Removal from Wicheeda REE Flotation Concentrate (3/2/21) Defense Metals Corp. reported that its 26-tonne pilot plant has been successful in removing impurities from flotation concentrate with only minimal rare earth element losses at its Wicheeda REE property. read more >

Company Improves REE Extraction Rate on Further Metallurgical Testing (2/18/21) Also with this work, Defense Metals fine-tunes process variables, thus refining its metals separation flowsheet. read more >

REE Explorer Receives LiDaR Survey Data for BC Property (2/2/21) Defense Metals reports that the LiDar data "arms us with an enhanced property-wide terrain model." read more >

Erik Wetterling, The Hedgeless Horseman (1/28/21) "Defense Metals Corp. owns an advanced rare earth element project in British Columbia, Canada. . .the company is quite an intriguing story given the favorable demand trend as well as strategic shift going on."

Clive Maund, CliveMaund.com (1/24/21) "Defense Metals Corp. is a rare earths stock that broke out of a giant base/trading range to enter a powerful uptrend as recently as a month ago, and although it has already more than doubled since then, it looks like this major uptrend has much further to run. . .the company is therefore rated an Immediate Buy for another run similar to its first one."

Stefan Feuler, News Financial (1/7/21) "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."

Greg Nolan, Equity Guru (12/2/20) "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."

More Expert Comments

News Financial (10/12/20) "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, CliveMaund.com (9/27/20) "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 (9/26/20) "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."
	Thibaut Lepouttre, Caesars Report (9/15/20) "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."
Thibaut Lepouttre, Caesars Report (7/20/20) "Defense Metals Corp. has initiated baseline surface water assessment studies on its Wicheeda rare earth elements project. . .this is a necessary step in preparation for advancing the project towards the permitting phase in case a feasibility study confirms the economics. . .before the preliminary economic assessment can be initiated, the company needs the results of the pilot plant, which should complete the first few trial runs later this month."
	Byron King, Whiskey & Gunpowder (7/16/20) "Defense Metals Corp. is one company that offers strong upside in a world where Lockheed just got shut off by China. The company is small but controls a superb, high-grade rare earths-bearing ore deposit in British Columbia that's rich in 'magnet' materials. Defense Metals is drilling on the site, and results have been promising to date."
	Thibaut Lepouttre, Caesars Report (6/24/20) "Open market buyers are now able to acquire Defense Metals Corp. stock at a 15% discount to the CA$0.20 hard dollar financing the company is currently conducting. . .completing the flowthrough financing is very relevant for Defense Metals as the proceeds will be used to compete the flotation plant to further refine and define the recovery rates of the rare earth elements hosting rock from the Wicheeda project."
Greg Nolan, Equity Guru (12/16/19) "Without skipping a beat, Defense Metals Corp. extended its winning streak delivering exceptional rare earth elements (REEs) values from its Wicheeda REE project. . .the market's apathy and the company's current low valuation could be a setup for one of the better trades going into 2020."
Greg Nolan, Equity Guru (11/28/19) "Defense Metals Corp.'s Nov. 27 headline number is the best yet, further demonstrating Wicheeda's continuity; drill hole WI19-31 assayed 4.43% light rare earth oxide (LREO being cerium, lanthanum, neodymium, praseodymium and samarium oxides) over a drill core interval of 83m. That's a solid hit, a super solid hit."
	Chris Parry, Equity Guru (11/20/19) "Defense Metals Corp. has a decent amount of both light rare earth oxides (LREOs) and total rare earth oxides (TREOs), it would appear; LREOs is the sweet spot, and TREOs encompass everything of value. . .the company ramped up 50% in a few days of good drill numbers, has had more since and, I expect, may have some more on the way. . .a worker bee like Defense Metals is a good spot to add to your watchlist."

Experts Following This Company

	Thibaut Lepouttre, Editor – Caesars Report
Clive Maund – CliveMaund.com
Erik Wetterling – The Hedgeless Horseman

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