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

(10/27/22)
"Defense Metals Corp. completed resource delineation and pit geotechnical diamond drilling at Wicheeda for the 2022 exploration season. . .results to date from the 2022 drilling season have been outstanding and are expected to contribute greatly toward upgrading resource categories in support of the preliminary feasibility study."

Mark Reichman, Noble Capital Markets

(10/18/22)
"Approximately 70 flotation tests on samples of differing lithologies from Defense Metals Corp.'s Wicheeda deposit have been performed. Results have confirmed that conventional flotation from a range of lithologies and grades can produce high grade rare earths mineral concentrate at high recovery rates. . .high grade mineral concentrate containing more than 40% total rare earths oxides (TREO) at a recovery rate exceeding 80% has been produced from all fully tested dolomite carbonatite samples and a master composite containing all lithologies from material with a head grade of greater than 2% TREO."

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Mark Reichman, Noble Capital Markets

(10/12/22)
"We think Defense Metals Corp. is well positioned to benefit from growing demand for rare earths used in electric vehicle batteries, metal alloys and advanced technology applications; the 2022 drilling season has proven to be highly productive, and we are pleased with the positive results released thus far. We think the equity offers compelling capital appreciation potential with ample catalysts on the horizon to drive value, including the release of additional assay results."

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Michael Gray, Agentis Capital

(10/3/22)
"We are initiating coverage on Defense Metals Corp. with a high conviction that the company is a best of breed North American rare earth elements (REE) developer that is well-positioned to its leverage growing global REE demand and government support to become part of a North American REE critical metals supply chain. Defense Metals screens well relative to developer peers, with its high-grade Wicheeda deposit that could become a globally significant producer of 28.9 Ktpa rare earth oxide including ~4.4 ktpa Nd-Pr oxide."

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Mark Reichman, Noble Capital Markets

(9/23/22)
"Hole WI22-64 from Defense Metals Corp.'s Wicheeda project returned a broad mineralized intercept of high-grade dolomite carbonate in the upper portions of the hole and mixed mineralized xenolithic dolomite carbonate and syenite at depth averaging 1.78% total rare earth oxide (TREO) over 192m, including 3.13% TREO over 73m. . .hole WI22-62 collared 120m to the north of WI22-64 and intersected a 109m interval of mineralized dolomite carbonatite returning 1.39% TREO over 167m, including 2.29% TREO over 48m."

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Defense Metals Corp., which hopes to compete with China in the production of vital rare earth elements, has entered into an agreement with the McLeod Lake Indian Band in British Columbia.
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Mark Reichman, Noble Capital Markets

(9/8/22)
"Defense Metals Corp. entered into a mineral exploration agreement with the McLeod Lake Indian Band that addresses the interests of both parties with respect to mineral exploration activities at the company's Wicheeda rare earth element project. The agreement provides a framework for communication and cooperation going forward, which we think promotes cooperative collaboration and further derisks the project."

This Canadian explorer is working toward a preliminary feasibility study at its Wicheeda rare earth element deposit in British Columbia.
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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
headshot of Michael Gray
Michael Gray, Analyst – Macquarie Capital Markets
Michael Gray, Analyst – Agentis Capital
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 

11/22/2022 – Defense Metals Drills 122 metres of 2.56% Total Rare Earth Oxide; Including 55 metres of 3.02% at Wicheeda; and Announces up to $6 Million Financing

11/15/2022 – Defense Metals Drills 221 metres of 2.14% Total Rare Earth Oxide; Including 111 metres of 3.52% at Wicheeda

10/26/2022 – Defense Metals Drills 113 metres of 2.50% Total Rare Earth Oxide at Wicheeda; Completes 2022 Resource Delineation and Pit Geotechnical Drilling of 5,500 metres

10/17/2022 – Defense Metals Flotation Results Yields High Grade Mineral Concentrate at Various Grades and Lithologies

10/13/2022 – Defense Metals Continues to Drill High-Grades at Wicheeda with 106 metres of 2.53% Total Rare Earth Oxide; Including 59 metres of 3.42%; Participate in the 18th International Rare Earths Conference

10/11/2022 – Defense Metals Drills High-Grades at Wicheeda including 124 metres of 3.58% Total Rare Earth Oxide

9/22/2022 – Defense Metals Corp. Initial Drilling Results Yield 1.78% Over 192 Metres Total Rare Earth Oxide at Wicheeda; Including 3.13% Over 73 Metres

9/7/2022 – Defense Metals Signs Mineral Exploration Agreement with McLeod Lake Indian Band

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

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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