#Mining #Stocks Media Alert; (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - BYD (OTC: $BYDDF), Defense Metals, Plug Power (NASDAQ: $PLUG) - China First! @DefenseMetals

#Mining #Stocks Media Alert; (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - BYD (OTC: $BYDDF), Defense Metals, Plug Power (NASDAQ: $PLUG) - China First! @DefenseMetals

 

Vancouver, British Columbia –  April 15, 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: BYD, DEFENSE METALS, PLUG POWER - CHINA FIRST!

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/04151DEFN-China-First.asp

 

BYD, DEFENSE METALS, PLUG POWER - CHINA FIRST!

https://news.financial/comments/byd-defense-metals-plug-power-china-first

 

Excerpt

Cars are to run on electricity, trucks are to be powered by hydrogen, and in the future, wind turbines, solar panels and hydroelectric power plants will generate the electricity. All well and good, but beware, dear climate activists, wind, solar energy and electromobility require mineral raw materials that also leave an ecological footprint when they are extracted. These raw materials are not produced in our country, but almost 80% in China. Due to the Middle Kingdom's demand and the ongoing trade war, the Western world is threatened by a shortage of resources, which endangers the well-intentioned but poorly prepared energy transition.

 

ENORMOUS DEPENDENCE

China is the world's largest market for electric cars. Domestic demand continues to grow tremendously. Chinese electric carmakers BYD (OTC: BYDDF) , Nio ( NYSE: NIO) , Xpeng ( NYSE: XPEV) and Li Auto all achieved triple-digit growth rates in the electric car segment last year. Now, the government issued a new directive last month, further tightening regulation on the production of rare earth metals. The goal, it said, is to develop and preserve these resources to meet rising domestic demand and protect the strategic resource amid intensifying global competition. Rare earth metals, also known as "industrial gold," are a group of 17 chemical elements that find their applications in medicine, renewable energy, permanent magnets in electric motors, or batteries in cell phones or laptops. The raw materials are also extremely important for the defense industry.

 

SHARPER TONE BETWEEN CHINA AND THE USA

The trade war that got underway under the Trump administration continues under new President Joe Biden. China set up export controls on rare earth metals to slow the production of US fighter jets. Likewise, a blacklist is to be created, listing primarily defense companies such as Lockheed Martin, Boeing and Raytheon, which are supplying arms to Taiwan. The US alone invested about USD 1.2 trillion in defense last year. To ensure a secure supply chain for rare earth metals outside of China, the US, Japan, Australia, and India want to work together. However, as there are currently few rare earth metal projects ex-China, dependence on the existing supply chain is likely to remain for the next 10 years.

 

FEW EXISTING ALTERNATIVES

While projects are increasingly being launched in Australia and the US, the number of companies already underway is scarce. One of the most promising projects is being run by Canadian mineral explorer Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D), focusing on its 1,708-hectare Wicheeda rare earths project near Prince George in British Columbia. According to company data, mineral resources there are 4.9 million tons at an average grade of 3.02% LREO (light rare earth metals) and inferred mineral resources of 12.1 million tons at an average grade of 2.90% LREO. Within four years, the resources and consequently the value of the deposit have almost doubled. The project offers outstanding infrastructure and stands out with low pilot and drilling costs.

 

CONSISTENTLY GOOD NEWS FLOW

For weeks, Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) has been shining with consistently good news. In early March, very positive results were reported in hydrometallurgical tests with flotation concentrating in advance of the pilot study with a high impurity precipitation rate with minimal loss of rare earths. The next objective is to complete the hydrometallurgical pilot plant. A drilling program to further upgrade and increase the deposit's size is also scheduled to begin in the third quarter.

 

Earlier this week, management announced that two of the world's leading companies involved in smelting and separating rare earth elements (SEE) had requested samples of SEE mineral concentrate from Wicheeda for testing. Craig Taylor, CEO of Defense Metals, confirms the growing international demand for easily accessible, high-quality, North American SEE products. The Company currently has a market capitalization of only EUR 16.48 million. The market has not yet recognized the potential of this Company.

 

END OF THE CORRECTION?

It smells like bottoming out for Chinese automaker BYD (OTC: BYDDF). The support line at around EUR 18.0 was successfully tested several times. A breakout above the EUR 19.60 mark would give the chart some room to move upwards again. The next price target then lies at around EUR 22.0. On the fundamental side, BYD could announce the start of production of the SkyRail passenger transport system to construct a monorail line in the Brazilian region of Bahia. SkyRail is designed to connect communities while boosting the economy and tourism in the Brazilian state of Bahia.

 

WORSE THREATENS TO COME

The important support level of USD 30 has been breached. The trigger was a critical statement by an analyst from Morgan Stanley on Monday. Thus, the price target was set at USD 35 and the rating at "equal weight." Much of the expected growth is already included in the price, said the expert. In chart terms, should the price continue to deflate today in the course of trading, the 200-day line at currently USD 27.70 is a glimmer of hope. Otherwise, a crash towards USD 20 could take place. Due to the oversold condition, we see a speculative trading opportunity against the trend in the short term.

 

Author

STEFAN FEULNER

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network. He is passionate about analyzing a wide variety of business models and investigating new trends.

 

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.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) more disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

 

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#RareEarth #Metals Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- BYD (OTC: $BYDDF), PLUG POWER (NASDAQ: $PLUG) - CHINA FIRST! @DefenseMetals

#RareEarth #Metals Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- BYD (OTC: $BYDDF), PLUG POWER (NASDAQ: $PLUG)  - CHINA FIRST! @DefenseMetals

 

 

Vancouver, British Columbia –  April 14, 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: BYD, DEFENSE METALS, PLUG POWER - CHINA FIRST!

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/04141DEFN-Rare-Earth-Metals.asp

 

BYD, DEFENSE METALS, PLUG POWER - CHINA FIRST!

https://news.financial/comments/byd-defense-metals-plug-power-china-first

 

Excerpt

Cars are to run on electricity, trucks are to be powered by hydrogen, and in the future, wind turbines, solar panels and hydroelectric power plants will generate the electricity. All well and good, but beware, dear climate activists, wind, solar energy and electromobility require mineral raw materials that also leave an ecological footprint when they are extracted. These raw materials are not produced in our country, but almost 80% in China. Due to the Middle Kingdom's demand and the ongoing trade war, the Western world is threatened by a shortage of resources, which endangers the well-intentioned but poorly prepared energy transition.

 

ENORMOUS DEPENDENCE

China is the world's largest market for electric cars. Domestic demand continues to grow tremendously. Chinese electric carmakers BYD (OTC: BYDDF) , Nio ( NYSE: NIO) , Xpeng ( NYSE: XPEV) and Li Auto all achieved triple-digit growth rates in the electric car segment last year. Now, the government issued a new directive last month, further tightening regulation on the production of rare earth metals. The goal, it said, is to develop and preserve these resources to meet rising domestic demand and protect the strategic resource amid intensifying global competition. Rare earth metals, also known as "industrial gold," are a group of 17 chemical elements that find their applications in medicine, renewable energy, permanent magnets in electric motors, or batteries in cell phones or laptops. The raw materials are also extremely important for the defense industry.

 

SHARPER TONE BETWEEN CHINA AND THE USA

The trade war that got underway under the Trump administration continues under new President Joe Biden. China set up export controls on rare earth metals to slow the production of US fighter jets. Likewise, a blacklist is to be created, listing primarily defense companies such as Lockheed Martin, Boeing and Raytheon, which are supplying arms to Taiwan. The US alone invested about USD 1.2 trillion in defense last year. To ensure a secure supply chain for rare earth metals outside of China, the US, Japan, Australia, and India want to work together. However, as there are currently few rare earth metal projects ex-China, dependence on the existing supply chain is likely to remain for the next 10 years.

 

FEW EXISTING ALTERNATIVES

While projects are increasingly being launched in Australia and the US, the number of companies already underway is scarce. One of the most promising projects is being run by Canadian mineral explorer Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D), focusing on its 1,708-hectare Wicheeda rare earths project near Prince George in British Columbia. According to company data, mineral resources there are 4.9 million tons at an average grade of 3.02% LREO (light rare earth metals) and inferred mineral resources of 12.1 million tons at an average grade of 2.90% LREO. Within four years, the resources and consequently the value of the deposit have almost doubled. The project offers outstanding infrastructure and stands out with low pilot and drilling costs.

 

CONSISTENTLY GOOD NEWS FLOW

For weeks, Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) has been shining with consistently good news. In early March, very positive results were reported in hydrometallurgical tests with flotation concentrating in advance of the pilot study with a high impurity precipitation rate with minimal loss of rare earths. The next objective is to complete the hydrometallurgical pilot plant. A drilling program to further upgrade and increase the deposit's size is also scheduled to begin in the third quarter.

 

Earlier this week, management announced that two of the world's leading companies involved in smelting and separating rare earth elements (SEE) had requested samples of SEE mineral concentrate from Wicheeda for testing. Craig Taylor, CEO of Defense Metals, confirms the growing international demand for easily accessible, high-quality, North American SEE products. The Company currently has a market capitalization of only EUR 16.48 million. The market has not yet recognized the potential of this Company.

 

END OF THE CORRECTION?

It smells like bottoming out for Chinese automaker BYD (OTC: BYDDF). The support line at around EUR 18.0 was successfully tested several times. A breakout above the EUR 19.60 mark would give the chart some room to move upwards again. The next price target then lies at around EUR 22.0. On the fundamental side, BYD could announce the start of production of the SkyRail passenger transport system to construct a monorail line in the Brazilian region of Bahia. SkyRail is designed to connect communities while boosting the economy and tourism in the Brazilian state of Bahia.

 

WORSE THREATENS TO COME

The important support level of USD 30 has been breached. The trigger was a critical statement by an analyst from Morgan Stanley on Monday. Thus, the price target was set at USD 35 and the rating at "equal weight." Much of the expected growth is already included in the price, said the expert. In chart terms, should the price continue to deflate today in the course of trading, the 200-day line at currently USD 27.70 is a glimmer of hope. Otherwise, a crash towards USD 20 could take place. Due to the oversold condition, we see a speculative trading opportunity against the trend in the short term.

 

Author

STEFAN FEULNER

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

 

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.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) more disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

 

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#Solar/#EV #Stock News - Solar Integrated Roofing (OTC: $SIRC) Appoints Renowned Business Leader Donald Pierce to Board of Directors; @SIRCStock

#Solar/#EV #Stock News - Solar Integrated Roofing (OTC: $SIRC)  Appoints Renowned Business Leader Donald Pierce to Board of Directors; @SIRCStock 

 

EL CAJON, CA – April 14, 2021 -Solar/EV stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC) ,  an integrated, single-source solar power and roofing systems installation company, has appointed Donald Pierce, a seasoned executive and management consultant, to the Board of Directors.

 

Read this news, featuring SIRC in full at  https://www.investorideas.com/news/2021/renewable-energy/04141SIRC-Donald-Pierce.asp

 

Mr. Pierce is an accomplished executive and management consultant with over 50 years of diversified business, executive and capital markets experience, with both public and private companies across various sectors. Since 2012 he has led DLP Consulting, a management consulting practice focused on helping senior executives at small public companies with multi-location businesses on strategy setting, brand building and performance management. His prior executive management experience includes President and CEO of Triarc Rstaurant Group (owner of Arby’s Inc.), President of Kentucky Fried Chicken International, and President and COO of Denny’s Inc.

 

During his tenure at each company, Mr. Pierce developed and executed aggressive visions for the brands by defining and achieving record growth. He has led multiple companies through regional and international acquisitions, IPO’s and financing efforts. Mr. Pierce currently sits on the board of multiple privately held companies. He holds a B.S. in Finance from California State University – Northridge and an MBA from the University of Southern California.

 

“We are privileged to welcome Donald to the Board, bringing invaluable experience and insights in management, brand building and growth strategy to our rapidly expanding firm,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “Donald joins us at an opportune time with his firsthand knowledge of conducting successful acquisitions and expansion plans, as we are rapidly transitioning into a national brand with various portfolio companies across the country.

 

“A major focus of our transition will be on making highly accretive acquisitions of existing solar, roofing and complementary brands that provide strategic value and consumer benefits, with our company serving as a cohesive, nationwide platform company for roofing and solar installers. Donald will help us expand the breadth and depth of our reach as a Company, positioning us to continue to create sustainable, long-term value for our shareholders,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:

Lucas A. Zimmerman

Senior Vice President

MZ North America

Main: 949-259-4987

SIRC@mzgroup.us

www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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#RareEarth #Mining #Stocks: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Prepares Additional High-Grade #REE Concentrate Samples For Evaluation By Leading Global Rare Earths Producers; @DefenseMetals

#RareEarth #Mining #Stocks: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Prepares Additional High-Grade #REE Concentrate Samples For Evaluation By Leading Global Rare Earths Producers; @DefenseMetals

 

Vancouver, British Columbia – April 13, 2021: Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that it has recently been notified by its Asian based advisor Golden Dragon Capital Limited ("GDC") that is has received requests from two leading global Rare Earth Element (REE) smelting and separator enterprises to provide samples of Wicheeda REE mineral concentrate for the purposes of evaluation prior to entering discussions with respect to the negotiation of an initial memorandum of understanding (MOU) and subsequent potential mineral concentrate offtake agreements.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/04131Defense-Metals-REE.asp

 

These requests represent the third and fourth REE concentrate evaluation requests received by the Company to date, and discussions are currently ongoing with several other parties.

Defense Metals is currently advancing the road accessible Wicheeda Critical Rare Earth Element (REE) Property, which is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda 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% LREO[1].

 

Concentrate sample requests are significant given that these rare earth smelting and separator enterprises have previously executed capital investment, in addition to REE mineral concentrate product offtake MOU agreements, with multiple international third party REE miners and explorers. 

 

Craig Taylor, CEO of Defense Metals, stated: “We have now received four requests for evaluation samples of our high-grade Wicheeda REE mineral concentrate from Asian-based REE refiners. Defense Metals believes this underscores growing international market demand for readily accessible, high-quality, North American REE products. Discussions with potential offtake partners have the potential to yield benefits through opportunities for direct project funding, technical services agreements, and access to the full downstream rare earths value chain.”

 

About the Wicheeda REE Property

The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

 

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

 

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. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.  

 

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”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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 potential MOU and offtake agreements for REE mineral concentrate, potential transactions with REE processors, obtaining government export permits, plans for its Wicheeda Property, the advancement and development of the Wicheeda Property, expected demand for REE products, 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. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 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 or obtain 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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[1] 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)