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:

New Rare Earth Resource is Bigger, of Better Quality

Research Report
The company that recently updated the mineral resource estimate of its project in British Columbia offers investors a compelling, 233% return, noted a Noble Capital Markets report.

Analyst Update

Analyst: Rare Earths Co.'s Resource Estimate a 'Significant Upgrade'

This rare earths company has announced an updated Mineral Resource Estimate (MRE) for its British Columbia project. Find out why one analyst says it's a great time to seek exposure.

Exploration Co. Makes Notable Progress Advancing RE Project

Research Report
Now the Canadian minerals explorer is working on a prefeasibility study that is expected to be "compelling," noted a Noble Capital Markets report.

RE Co. Engages Consulting Firms for Study

Research Report
Preparation of the prefeasibility study of this rare earth elements project in British Columbia is picking up steam and remains on track for completion in H1/24, noted an Agentis Capital report.

Teams Work Together on Rare Earth Co.'s PFS

Consultants and technical teams are working to complete this rare earth elements (REE) company's preliminary feasibility study for its British Columbia project.

Co. Hires Partners for Rare Earth Project's PFS

Defense Metals Corp. has hired two companies as principal consultants for its preliminary feasibility study (PFS) of its Wicheeda Rare Earth Element (REE) project in British Columbia.

More Articles

Expert Comments:

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"Defense Metals Corp.'s 2023 mineral resource estimate for Wicheeda represents an 18.2% increase in total rare earth oxide (TREO) and a 31.3% in tonnage compared to the 2021 mineral resource estimate. Total Measured & Indicated mineral resources of 34.2 Mt averaging 2.02% TREO is a significant upgrade compared to the previous estimate."

David Davidson, Paradigm Capital

"By and large, the mineral resource update for the Wicheeda rare earth element project is good for Defense Metals Corp. A significant amount of the Inferred material is already included in the conceptual open pit and would be mined at some point in time."

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"Defense Metals Corp. completed a ground radiometric geophysical survey over the Wicheeda rare earth element (REE) deposit and identified new anomalies that may represent REE mineralized carbonatite within the current mineral resource pit shells defined in the 2021 preliminary economic assessment. Two previously unknown anomalies were identified, each approximately 40m in width and extending approximately 250m northwest from the main body of the Wicheeda REE deposit."

Clive Maund,

"Defense Metals Corp. looks even more attractive and more of a Buy here than ever. . .the prominent high volume reversal candle on Aug. 21, 2023 and subsequent light volume are a sign that an advance is incubating."

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"Defense Metals Corp. is advancing toward what we believe will be a compelling preliminary feasibility study. In addition to significant potential to expand the resource and extend the mine life, we expect grade enhancement and the meaningful conversion of Inferred to Indicated and, potentially, Measured resources."

headshot of Michael Gray

Michael Gray, Agentis Capital

"Defense Metals Corp. announced the engagement of Hatch Ltd. and SRK Consulting as principal consultants for the completion of its prefeasibility study for Wicheeda. . .work is ongoing to complete geotechnical engineering studies, tailings alternative assessments and geochemical characterization."

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 

9/12/2023 – Defense Metals Upgrades and Expands Mineral Resource Estimate for Wicheeda Rare Earth Element Project

9/5/2023 – New Exploration Targets with Potential to Expand Wicheeda REE Deposit Defined by Defense Metals

8/16/2023 – REE Stock News - Defense Metals Advances Pre-feasibility Study

8/16/2023 – Defense Metals Advances Pre-feasibility Study

8/1/2023 – Defense Metals Engages Hatch Ltd. and SRK Consulting (Canada) Inc. for Wicheeda Rare Earth Element Project Preliminary Feasibility Study

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

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 - Defense Metals Corp. Ownership Overview*

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

*Share Structure as of 7/14/2023
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
Start hydromet pilot plant
Advance environmental studies
Engage potential product purchasers
Optimize front-end and hydromet flowsheet
Optimization and scale up of floatation and hydromet pilot plants
Complete pre-feasibility study
Defense Metals Corp. Content