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

(3/24/23)
"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."

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Mark Reichman, Noble Capital Markets

(2/22/23)
"Defense Metals Corp. has commenced construction of a hydrometallurgical pilot plant which is expected to be commissioned in March 2023. . .the pilot plant is being configured to produce a high-purity rare earth precipitate suitable as feedstock for a rare earth elements separation plant."

Mark Reichman, Noble Capital Markets

(1/25/23)
"Defense Metals Corp.'s recent results were from two exploration geotechnical core drill holes, one of which returned the best drill intercept, on a grade times width basis, of the entire 2022 drilling program. . .hole WI22-79 intersected an upper high-grade interval from surface assaying 3.66% total rare earth oxides (TREOs) over 138m and a lower interval grading 0.50% TREO over 43m."

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Mark Reichman, Noble Capital Markets

(1/18/23)
"Data from Defense Metals Corp.'s 2021 and 2022 drilling programs will be incorporated into a preliminary feasibility study, which is expected to be completed by Q4/23. In addition to significant potential to expand the resource and extend the mine life beyond 19 years, we expect grade enhancement and the meaningful conversion of Inferred to Indicated and potentially Measured resources."

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Mark Reichman, Noble Capital Markets

(11/23/22)
"Defense Metals Corp. announced a private placement, expected to close on or around Nov. 30, to raise gross proceeds of up to CA$6M to advance its wholly owned Wicheeda rare earth elements (REEs) project. . .the 2022 Wicheeda deposit resource infill drilling continues to yield high-grade REE intercepts from surface exceeding 3% total rare earth oxides."

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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."

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More Expert Comments

Experts Following This Company

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Peter Epstein, CFA – Epstein Research
headshot of Michael Gray
Michael Gray, Analyst – Agentis Capital
headshot of Byron King
Byron King, Editor
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 

3/6/2023 – Defense Metals Updates Wicheeda Canada Light Rare Earth Element Deposit Geological Model and Advances Toward Updated Mineral Resource Estimate and PFS

2/28/2023 – Defense Metals Reports Favourable Comminution Data for the Wicheeda Deposit

2/21/2023 – Defense Metals starts construction of Hydrometallurgical Pilot Plant with commissioning at SGS Lakefield scheduled for March 2023

2/14/2023 – Defense Metals Variability Flotation Tests Yield High Rare Earth Recoveries to High Grade Concentrates

2/7/2023 – Defense Metals Engages SRK to Start Pre-Feasibility Level Site Geotechnical Investigations & Appoints Project Development Coordinator for Wicheeda Rare Earth Element Project

1/24/2023 – Defense Metals announces best Rare Earth Assay Results of 2022 from Wicheeda Project Drilling, including 138 metres of 3.66% TREO

1/17/2023 – Defense Metals announces more Rare Earth Assay Results from Wicheeda Project Drilling, including 30 metres of 3.77% TREO

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

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Streetwise Company Fact Sheet

Defense Metals Corp.

(DEFN:TSX.V - DFMTF:OTCQB - 35D:FSE)

2023/3/30 6:29:11

Analyst coverage

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 3/16/2023
Investing Highlights
 
High-Quality Asset 100% owned Wicheeda rare-earth project, with potential to be a globally significant producer
 
Completed PEA1 –Advancing 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
Q1
2023
Start hydromet pilot plant
Q1
2023
Start pre-feasibility study
Q2
2023
Advance environmental studies
Q2
2023
Engage potential product purchasers
Q2
2023
Optimize front-end and hydromet flowsheet