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In the News: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) appoints New
strategic advisor; @DefenseMetals
Vancouver,
British Columbia –December 3, 2020: Investorideas.com Newswire - Mining/Metals/ Green Energy Stock News Defense Metals
Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is
pleased to announce the appointment of Mr. Jamie Spratt as a Strategic Advisor
to the Company.
Read this news featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12031DEFN-Strategic-Advisor.asp
Mr.
Spratt is Principal at Walmsley Capital Inc., a focused mining corporate
finance and advisory business that he founded in 2019. Over the past 14 years,
Jamie has developed extensive mining capital markets and investment sector
experience. He has built a strong reputation as an analyst and advisor having
built deep partnerships with mining CEOs and institutional investors. Jamie was
a Partner and Equity Research Analyst at Clarus Securities Inc., a small and
mid capitalization focused boutique investment bank for 10 years, where he was
instrumental in building one of the leading mining practices in Canada.
Based
on his track record, Jamie became a highly rated mining analyst and attracted
top institutional investors to many of his investment ideas. Jamie started his
career in investment banking at an independent investment bank where he advised
on M&A, merchant banking and corporate finance mandates primarily in the
metals and mining sector and achieved valuable transaction experience. He has
an MBA from the Rotman School of Management, a B.A. in Applied Economics from
Queen's University and a CFA Charterholder. He is also a registered dealing
representative at Belco Private Capital Inc., an exempt market dealer.
Craig
Taylor, CEO comments:
"Mr.
Spratt brings a wealth of corporate finance, capital markets, and M&A
experience to bear on Defense Metals efforts to advance the Wicheeda REE
Deposit. We look forward to Mr. Spratt's contributions in light of sustained
upward price pressures on critical magnet metals, principally neodymium and
praseodymium. Over the past six months we have seen an 80% increase in
neodymium oxide spot prices from approximately USD$40/kg in early June to most
recently USD$72/kg as of December 1, 20201. Defense Metals believes these price
increases represent real future demand trends triggered as a result of the
beginning of a fundamental shift towards the green energy-electric vehicle
sector"
Wicheeda REE
Project
The
Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes
averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources
of 12,100,000 tonnes averaging 2.90% LREO2.
Qualified Person
The
scientific and technical information contained in this news release as it
relates to the Wicheeda REE Property has been reviewed and approved by
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience
Ltd. of Edmonton, AB, a director of Defense Metals and a "Qualified
Person" as defined in National Instrument 43-101 – Standards of Disclosure
for Mineral Projects.
About Defense
Metals Corp.
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".
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Cautionary
Statement Regarding 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 the Company's plans for its Wicheeda
project, 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.
1
Source:
http://www.asianmetal.com accessed December 1, 2020
2
Technical
Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and
prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and
Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.'s
profile on SEDAR (www.sedar.com)
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