#RareEarth #Metals #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB:
$DFMTF) Reports it Received #Hydrometallurgical Pilot Plant Proposal From SGS
Canada Inc; @DefenseMetals
Vancouver, British Columbia – April 21, 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 received the formal
Wicheeda Rare Earth Element (“REE”)
Project continuous hydrometallurgical pilot plant proposal from SGS Canada Inc.
(“SGS”).
Read this news,
featuring DEFN in full at https://www.investorideas.com/news/2021/mining/04211Rare-Earth-Metals-Hydrometallurgical-Pilot-Plant.asp
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].
The Company’s highly
successful 26-tonne flotation pilot plant campaign, also completed at the SGS
Lakefield, ON metallurgical test facility, yielded approximately 1,200
kilograms of high grade REE mineral concentrate. Initiation of the
hydrometallurgical pilot plant test program is the next step in establishing
overall flowsheet operability at scale.
The test program will
utilize representative flotation concentrate generated during the flotation
pilot plant campaign and is expected to be completed in stages comprising
initial gangue leach; caustic crack; primary acid leach; caustic re-crack;
impurity removal; and REE precipitation. Parallel investigations into
operability of acid and caustic regeneration; operability of gangue leach and
caustic crack and primary acid leach circuits using recycled reagents; in
addition to tailings neutralization studies will also be completed.
Once initiated, subject to
the Company securing sufficient financing, completion of the various staged
pilot campaigns is expected to take approximately 6 months. Key objectives of the planned hydrometallurgical pilot plant
will be:
·
To provide proof of operability of the proposed
hydrometallurgical flowsheet for treatment of flotation concentrate under
representative processing conditions including recycled process streams;
·
To produce sufficient purified mixed rare earth hydroxide
sample for downstream REE separation testing (leading to the production of a
saleable NdPr oxide product);
·
To confirm final product purity;
·
To generate representative samples for solid-liquid
separation testing, for use in the development of engineering cost estimates
for key equipment.
As previously announced SGS
(see Defense Metals News Release dated March 1, 2021) SGS is nearing
completion pre-pilot infill hydrometallurgical testwork, initiated during late
2020, designed to assist in the finalization of the pilot plant flowsheet. The
Company expects SGS to complete the remainder of pre-pilot testwork within 4-6
weeks time.
Craig Taylor, CEO of Defense Metals, stated: “Since initiating its option to acquire 100% of the
Wicheeda REE Project in late 2018 and subsequently collecting a 26-tonne bulk
sample, Defense Metals has rapidly advanced Wicheeda from an attractive
prospect to compelling resource-stage project. Flotation and hydrometallurgical
flowsheet development was completed in parallel with our highly successful 2019
diamond drill campaign that led to an upgraded and expanded mineral resource
estimate. We are now excited to take the next step in demonstrating scale-up
operability of the Wicheeda REE beneficiation process, leading to the production of a saleable NdPr oxide
product.”
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 the pilot plant proposal
from SGS, the completion of the pilot plant and the expected outcomes, 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)
