#Mining #Stocks in the News: Defense Metals (TSX-V: $DEFN.V) (OTCQB:
$DFMTF) Appoints New Director; @DefenseMetals
Vancouver, British Columbia - October 26, 2021
(Investorideas.com Newswire, MiningSectorStocks.com and
RenewableEnergyStocks.com) Mining / Metals / Green Energy Stock News - Defense
Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF/
FSE:35D) is pleased to announce that Dr. Luisa Moreno has joined the board of
directors of the Company.
Read this news featuring DEFN in full at https://www.investorideas.com/news/2021/mining/10261Defense-Metals-New-Director.asp
Dr.
Luisa Moreno is a Physics Engineer, with a PhD in Materials Science and
Mechanics from Imperial College London, in the United Kingdom. She held
positions as Senior Analyst, at Toronto based investment banks and as an
Investment Research Analyst at a global investment research firm. She is known
as a leading analyst in rare earths and has published several reports and articles
for the investment community. Dr. Moreno has co-authored a book on mineral
processing and project financing and authored a number of advanced industry and
technical reports on several technology minerals.
Currently,
Dr. Moreno is the Chief Executive Officer of Graphano Energy Ltd. and the
Managing Director of Tahuti Global Inc., a company that she founded. As a
strategic consultant she assists both public and private companies and
institutional investors with economic and technical assessments of mineral
assets and technologies. She also works with government institutions tasked
with mineral development, value addition and supply chain development. Dr.
Moreno is also on the board of directors of several companies developing
strategic minerals and green technologies. She is a recognized strategic
minerals specialist and a common guest speaker on television and at
international conferences.
Concurrent
with her appointment, the Company’s has granted incentive stock options to Dr.
Moreno to purchase up to 300,000 common shares of the Company at a price of
$0.27 per common share for a period of three (3) years. The options fully
vested on the date of grant.
Craig Taylor, CEO of Defense Metals, states: “As we near completion of our ambitious 2021
Wicheeda REE deposit resource expansion and delineation diamond drill program
and economic scenario analysis being conducted by SRK, we are excited to
welcome Dr. Moreno to the board. Dr. Moreno has demonstrated an ability to
analyze the technical aspects of specialty metals deposits and brings with her
a wealth of knowledge and international capital markets experience that will be
critical in moving Wicheeda forward.”
Dr. Luisa Moreno comments: “Having
followed rare earths projects around the world for several years, I believe the
Wicheeda project is one of the most prospective rare earths projects in Canada
and globally. Therefore, I am delighted to be part of the Defense Metals team
and I look forward to working with the board to make Wicheeda an integral REE
source for the global supply chain.”
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 composition
of the board of directors, completion of drilling and resource expansion, the
completion of the economic scenario analysis, plans for its Wicheeda project, the
advancement and development of the Wicheeda project, the technical, financial
and business prospects of the Company, its projects 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 the risks
and uncertainties relating to the interpretation of exploration results, the
interpretation of technical and scientific data, risks related to the inherent
uncertainty of exploration and development and cost estimates and the potential
for unexpected costs and expenses and including those other risks 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 and climate 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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