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".

Defense Metals Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Co. Shifts Toward PFS for BC Rare Earths Project

The second phase of testing of this company's hydrometallurgical pilot plant has been completed and work on a pre-feasibility study (PFS) for its rare earth elements project has begun.

Rare Earths Co. Starts Phase 2 Testing at Pilot Plant

Defense Metals Corp. begins the second phase of testing of its hydrometallurgical pilot plant at SGS Lakefield in Ontario. The test will run for about ten days.

Co. With North America's Next Rare Earth Mine Gets Noticed

Research Report
Paradigm Capital just launched coverage on this Canadian company with a highly strategic, prefeasibility-stage project, noted an initiation report.

Analyst: Rare Earths Pilot Plant Results Promising

Defense Metals Corp. successfully runs a test of its hydrometallurgical pilot plant at SGS Lakefield in Ontario. One analyst says it's a good sign for the viability of the company's rare earth elements (REE) project.

Rare Earth Elements Explorer Joins Discovery Group

Defense Metals Corp. joins the Discovery Group, formed by mining entrepreneurs John Robins and Jim Paterson to advance mineral exploration and mining projects.

Rare Earths Co.: Project's 3D Model Update a 'Milestone'

Defense Metals Corp. says updates to its 3D geological model of its rare earth element project in British Columbia are a "project milestone."

More Articles

Expert Comments:

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"Defense Metals Corp. recently completed phase two hydrometallurgical pilot plant test work and has commenced work on the Wicheeda preliminary feasibility study (PFS). . .the recent work provided the metallurgical test data required for the company's engineering consultants to commence the design work that is an important part of the PFS."

Clive Maund,

"Defense Metals Corp.'s financing is now complete. Since there is now no prospect of any further such financings in the foreseeable future, the stock is at last free to advance again. . .the company is therefore rated Buy here."

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"Phase one of Defense Metals Corp.'s Wicheeda rare earth elements hydrometallurgical pilot plant operation was completed successfully and provided an opportunity to explore areas of the process where the efficiency of the hydrometallurgical process could be improved. Changes have been incorporated in the phase two pilot plant program which began on April 24 and will run for 10 days."

David Davidson, Paradigm Capital

"Defense Metals Corp. has engaged SRK Consulting to begin prefeasibility level geotechnical studies at Wicheeda and construction of a hydrometallurgical pilot plant at SGS Lakefield. . .with the push to source more critical elements domestically, the company is well positioned to take advantage of this opportunity. . .we are initiating coverage of Defense Metals with a Speculative Buy rating."

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"Phase one testing of Defense Metals Corp.'s fully integrated pilot plant at SGS Lakefield was successfully completed. The company and SGS Lakefield confirmed the viability of the process, optimized certain design parameters and identified areas that will be improved ahead of the phase two pilot plant run scheduled for late April 2023. . .the current stock price offers an attractive entry point for investors."

Mark Reichman, Noble Capital Markets

"Defense Metals Corp. recently updated its three-dimensional, geological model of the Wicheeda rare earth element deposit. . .the update incorporated results from drilling completed during 2021 and 2022 that are not reflected in the January 2022 preliminary economic assessment. . .results for 47 holes representing 10,876m of drilling have now been included."

More Expert Comments

Experts Following This Company

David Davidson – Paradigm Capital
headshot of Michael Gray
Michael Gray, Analyst – Agentis Capital
Clive Maund –
headshot of Mark Reichman
Mark Reichman, Analyst, Natural Resources – Noble Capital Markets

Company News 

6/6/2023 – REE Stock News - Defense Metals Completes Hydrometallurgical Pilot Plant Testing and Initiates Pre-feasibility Study Design Work

6/6/2023 – Defense Metals Completes Hydrometallurgical Pilot Plant Testing and Initiates Pre-feasibility Study Design Work

4/27/2023 – Defense Metals Corp announces completion of Phase 1 of hydrometallurgical pilot plant

4/25/2023 – Defense Metals Announces Commencement of Phase II Hydrometallurgical Pilot Plant Testing

4/12/2023 – Defense Metals Completes Successful Phase I Pilot Plant Work

4/10/2023 – Defense Metals Joins Discovery Group and Appoints a New Director

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

Important Disclosures
Defense Metals Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

Streetwise Company Fact Sheet

2023/6/8 6:17:33


Analyst coverage

Paradigm CapitalDavid Davidson
Agentis CapitalMichael Gray
Noble Capital MarketsMark Reichman

Newsletter coverage

Company News

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Streetwise - Defense Metals Corp. Ownership Overview*

Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE)

*Share Structure as of 4/26/2023
Investing Highlights
High-Quality Asset 100% owned Wicheeda rare-earth project, with potential to be a globally significant producer
Completed PEA1 ĖAdvancing to PFS with Pilot Plant expected completion in 2Q23 Targeting about 10% of current global REE production with a US$367 million after-tax NPV8%
Strategic Location Project accessible by road, with proximity to rail and power infrastructure, and access to a major deep-sea port
Technically Strong Project Open pit project with favorable metallurgy
catalyst Calendar
Start hydromet pilot plant
Complete pre-feasibility study
Advance environmental studies
Engage potential product purchasers
Optimize front-end and hydromet flowsheet