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Vancouver, British
Columbia, January 27, 2021 – Investorideas.com Newswire –Media alert for Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).The company was featured in the
following article : “LYNAS RARE
EARTHS, DEFENSE METALS, ARAFURA RESOURCES - RARE EARTHS: STILL IN TIME TO GET
IN BEFORE THE BOOM!”
Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/01271DEFN-EV-Battery.asp
Full article and Original source
https://news.financial/comments/lynas-rare-earths-defense-metals-arafura-resources-rare-earths-still-in-time-to-get-in-before-the-boom
Excerpt:
China has dominated the
rare earths market for a long time. A supply shortage in the People's Republic
and a substantial increase in demand can lead to a massive price increase of
the commodity group at any time. These price increases are then often reflected
in the share price of relevant players. Rare earth metals are in demand in a
wide range of industries and to close the emerging supply gap the production of
rare earth metals must be increased outside of China. We present three
opportunity stocks that will benefit from industry trends and scarcity prices
as producers or prospective producers.
DEFENSE METALS CORP -
TEST WORK PLANNED (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).
The Canadian exploration
Company is focused on advancing the Wicheeda Rare Earth Project, which covers
approximately 1,700 hectares in the state of British Columbia. The resource
estimate includes 4.89 million tonnes of indicated light rare earth elements
(LREO) at an average grade of 3.02% and an inferred resource of 12.1 million
tonnes at an average LREO grade of 2.90%.
Recently, the Company
announced that it would receive government funding in conjunction with the
Saskatchewan Research Council to provide financial support for technological
innovation. Specifically, the project is to conduct test work using an
innovative X-ray method to improve the recovery of rare earth metals. The
government will cover 70% of the costs.
Things are moving forward
at Defense Metals. The Company is benefiting from rising rare earth prices and
from further development of the project. With a current market capitalization
of CAD 25 million, Defense Metals is still a bargain.
Full article and Original source
https://news.financial/comments/lynas-rare-earths-defense-metals-arafura-resources-rare-earths-still-in-time-to-get-in-before-the-boom
Author
CONFLICT OF INTEREST &
RISK NOTE
In accordance with §34b
WpHG we would like to point out that Apaton Finance GmbH as well as partners,
authors or employees of Apaton Finance GmbH may hold long or short positions in
the aforementioned companies and that there may therefore be a conflict of
interest. Apaton Finance GmbH may have a paid contractual relationship with the
company, which is reported on in the context of the Apaton Finance GmbH
Internet offer as well as in the social media, on partner sites or in e-mail
messages. Further details can be found in our Conflict of Interest & Risk
Disclosure.
About
Defense
Metals Corp. https://defensemetals.com/
Defense Metals Corp. is a mineral exploration
company focused on the acquisition of mineral deposits containing metals and elements commonly
used in the electric power market, military, national security and the
production of “GREEN” energy technologies, such as, high strength alloys and
rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708
hectare 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”.
For further information, please contact:
Todd
Hanas, Bluesky Corporate Communications Ltd.
Vice
President, Investor Relations
Tel:
(778) 994 8072
Email:
todd@blueskycorp.ca
Forward Looking Information
This
news release contains “forward‐looking information or statements” within the
meaning of applicable securities laws, which may include, without limitation,
statements relating to finding partnerships, securing potential offtake
agreements, and other business opportunities, the technical, financial and
business prospects of the Company, its project and other matters. All
statements in this news release, other than statements of historical facts,
that address events or developments that the Company expects to occur, are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in the forward-looking
statements. Such statements and information are based on numerous assumptions
regarding present and future business strategies and the environment in which
the Company will operate in the future, including the price of rare earth
elements, the ability to achieve its goals, that general business and economic
conditions will not change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms. Such forward-looking
information reflects the Company’s views with respect to future events and is
subject to risks, uncertainties and assumptions, including those filed under
the Company’s profile on SEDAR at www.sedar.com. Factors that could cause
actual results to differ materially from those in forward looking statements
include, but are not limited to, continued availability of capital and
financing and general economic, market or business conditions, adverse weather
conditions, failure to maintain all necessary government permits, approvals and
authorizations, failure to maintain community acceptance (including First
Nations), decrease in the price of rare earth elements, the impact of Covid-19
or other viruses and diseases on the Company’s ability to operate increase in
costs, litigation, and failure of counterparties to perform their contractual
obligations. The Company does not undertake to update forward‐looking
statements or forward‐looking information, except as required by law.
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