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

Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element Deposit located near Prince George, British Columbia, Canada. Defense Metals Corp. trades on the TSX Venture Exchange under the symbol DEFN, in the United States, trading symbol DFMTF on the OTCQB and in Germany on the Frankfurt Exchange under 35D.

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

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. to Collaborate With Rare Earths Research Council

  ()
Defense Metals Corp. announced it has signed a memorandum of understanding with the Saskatchewan Research Council (SRC) to promote and collaborate on strengthening the rare-earth element (REE) supply chain in Canada. Read why one technical analyst believes the stock due for a rally.

A Significant Snapback Rally Likely Very Soon for This Stock

Contributed Opinion
  ()
In light of recent newsflow, Technical Analyst Clive Maund explains why he thinks Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) is an Immediate Strong Buy.

Rare Earths Co. Working With Leading Corp. Finance Firm

  ()
Defense Metals Corp. announced it has appointed a leading London corporate finance advisory boutique to review the strategic financing of its wholly owned Wicheeda rare earth element (REE) project in British Columbia. One analyst says the company could become a major global producer of the critical elements.

Canadian Co. Challenging China Sends Out Rare Earth Samples

  ()
This company announced it has sent rare earth element (REE) samples to two major REE companies, just as one expert says there may be an opening for Western companies to compete in the space with China.

Rare Earths Project Yields CA$4.20 per Share NAV, Experts Say

Research Report
  ()
Defense Metals Corp. has a CA$4.25 NAV per share, according to an Agentis Capital report.

PFS on Rare Earths Project in B.C. Due Out in Q2/24

Research Report
  ()
With this asset, the company could become "a globally significant supplier" of these critical metals, noted a Noble Capital Markets report.

More Articles


Expert Comments:

Clive Maund, CliveMaund.com

(9/3/24)
"Defense Metals Corp. has made significant progress towards its objectives. . .the stock is therefore a Strong Buy here."

Paradigm Capital

(6/25/24)
"We continue to like Defense Metals Corp. as one of few North American rare earth plays, and the company is our Top Pick in the space for H2/24 for its quality of assets and strategic value. . .it is on track to release a prefeasibility study in H2/24. . .Defense Metals continues to gain momentum."

Mining.com

(4/29/24)
"A 26 ton sample of mixed rare earth carbonate from Defense Metals Corp.'s Wicheeda mine was deemed by Ucore to be suitable for processing on a commercial scale. . .the sample was tested at Ucore's RapidSX commercialization and demonstration facility."

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

(3/20/24)
"Defense Metals Corp. appointed HCF International Advisers, a London-based corporate financial advisory firm, to conduct a strategic funding review for the company's Wicheeda rare earth elements project. The review will help Defense Metals analyze and evaluate potential funding and strategic partnership options associated with the development of the Wicheeda project post completion of its preliminary feasibility study."

Mark Reichman, Noble Capital Markets

(2/14/24)
"Defense Metals Ltd.'s Wicheeda is well-positioned to take a leading role in the North American and global rare earth element supply chain. . .for all of the interest in rare earths, we are surprised that the company trades at its current valuation, especially when one considers the Wicheeda project's significant advantages, project improvements and derisking during the last several years."

Mark Reichman, Noble Capital Markets

(1/18/24)
"Defense Metals Corp.'s Wicheeda rare earth element project has several competitive advantages, including a mining friendly location, an existing mineral resource with significant expansion potential, an open pit project with favorable metallurgy and well-developed nearby infrastructure, and a strong technical team. We think the codesign agreement with the McLeod Lake Indian Band represents a significant step forward in advancing the Wicheeda project."

More Expert Comments

Experts Following This Company

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

Company News 

9/27/2024 – Rare Earth Breaking News - Defense Metals and The Saskatchewan Research Council Enter into a MOU to Enhance the Domestic Rare Earth Element Supply Chain

9/27/2024 – SRC and Defense Metals Sign MOU for Rare Earths Processing in Canada

9/26/2024 – Defense Metals and The Saskatchewan Research Council Enter into a MOU to Enhance the Domestic Rare Earth Element Supply Chain

7/10/2024 – Rare Earth Breaking News - Defense Metals' Wicheeda Rare Earth Element Project considered as key by the Government of British Columbia

7/10/2024 – Defense Metals' Wicheeda Rare Earth Element Project considered as key by the Government of British Columbia

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 book logoStreetwise - Defense Metals Corp. Ownership Overview*

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

*Share Structure as of 10/1/2024
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
Q3
2023
Optimization and scale up of floatation and hydromet pilot plants
Q1
2024
Complete pre-feasibility study