DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE

Defense Metals Corp.

Defense Metals Corp. is an advanced mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the 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".
DEFN:TSX.V DFMTF:OTCQB 35D:FSE

Expert Comments:

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Mark Reichman, Noble Capital Markets

(8/10/22)
"Defense Metals Corp. announced the completion of its 2022 resource infill and exploration diamond drilling program. . .along with data from the 5,349m 2021 diamond drill program, results from the 2022 drilling program will be incorporated into a preliminary feasibility study (PFS) to be released during H1/23. . .the Wicheeda rare earth project is shaping up nicely, and progress to date bodes well for a compelling PFS."

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Mark Reichman, Noble Capital Markets

(6/8/22)
"Defense Metals Corp. has commenced diamond drilling at its Wicheeda rare earth element deposit and expects to complete up to 5,000m of drilling to delineate existing resources and test near deposit exploration targets. . .results will be incorporated, along with results from the 2021 drill program, into a preliminary feasibility study to be released during H1/23."

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Mark Reichman, Noble Capital Markets

(6/1/22)
"Defense Metals Corp.'s initial test work supports using the acid bake process at the Wicheeda rare earth element (REE) project based on improved REE extraction and the potential for lower Wicheeda project capital and operating costs. . .preliminary results show that the acid bake process is more efficient, yielding greater than 95% recovery of neodymium and praseodymium from flotation concentrate into a leach solution."

Mark Reichman, Noble Capital Markets

(5/25/22)
"Defense Metals Corp. expects to commence a 5,300m drilling program shortly to expand and upgrade resources at the Wicheeda rare earth element project, which will be incorporated, along with results from the 2021 drill program, into a preliminary feasibility study (PFS) to be released during H1/23. The program will also include geotechnical and hydrological drilling to support PFS-level mine planning studies."

Clive Maund, CliveMaund.com

(5/8/22)
"Defense Metals Corp. is right down on support at its rising 200-day moving average with moving averages in bullish alignment and now light volume making a rally more likely."

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Mark Reichman, Noble Capital Markets

(4/28/22)
"All 29 holes of Defense Metals Corp.'s 5,349m diamond drill program completed during the fall of 2021 yielded positive results. . .resource definition drill holes WI21-58 and WI21-59 yielded two of the three highest grade and width intercepts of the 2021 drill campaign. WI21-58 averaged 3.09% total rare earth oxide (TREO) over 251m. . .WI21-59 returned 2.76% TREO over 212m."

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More Expert Comments

Experts Following This Company

Ray Chan, Newsletter writer
headshot of Gerardo Del Real
Gerardo Del Real, Newsletter writer – Resource Stock Digest
headshot of Peter Epstein
Peter Epstein, CFA – Epstein Research
Mario Hose, Newsletter writer
headshot of Byron King
Byron King, Editor
headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report
headshot of Brien Lundin
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Clive Maund – CliveMaund.com
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Mark Reichman
Mark Reichman, Analyst, Natural Resources – Noble Capital Markets
Erik Wetterling – The Hedgeless Horseman

Company News 

8/9/2022 – Defense Metals Diamond Drilling Update - Infill and Exploration Drilling Complete And Pit Slope Geotechnical Drilling Underway

6/17/2022 – Defense Metals Diamond Drilling Update - Pit Slope Geotechnical Preparations Underway

6/7/2022 – Defense Metals Commences 2022 Wicheeda Rare Earth Element Deposit Pit Slope Geotechnical, Resource Delineation And Exploration

5/31/2022 – Defense Metals Acid-Bake Process Yields Improved Rare Earth Element Recoveries At Wicheeda

5/24/2022 – Defense Metals Corp. Engages SRK Consulting (Canada) Inc. To Design Pre-Feasibility Level Geotechnical Drilling Program at Wicheeda Rare Earth Elements Project

1/7/2022 – Defense Metals Corp. files PEA NI 43-101 Technical Report for the Wicheeda Rare Earth Element Project

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Investing Highlights
 
Current Neodymium and Praseodymium spot prices are at least 50% higher than the prices used in the D
 
Potential to be a globally significant producer- `10% of the Global Current Production
 
Significant upside to current spot and forecast REE demand pressure -Defense Metals owns a100% of th
catalyst Calendar
Q3
2022
Acquires 100% of Wicheeda rare-earth project, with potential to be a globally significant producer
Q3
2022
Q3
2022
Builds strong Technical Team
Q3
2022
Creates significant upside investment potential