#GreenMetals Media Alert - Defense Metals (TSX-V: $DEFN.V)
(OTCQB: $DFMTF) in Resource World; @defensemetals
Defense Metals Moves Wicheeda Rare Earth Project a
Step Closer to Production
Vancouver,
British Columbia –January 11,2023, Investorideas.com Newswire, -Mining/Metals/ Green Energy Media alert - Defense Metals Corp. (“Defense
Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE)
was recently featured in Resource World; Defense Metals Moves Wicheeda Rare Earth
Project a Step Closer to Production.
Read this news featuring DEFN in full at https://www.investorideas.com/news/2023/mining/01111Defense-Metals-Resource-World.asp
By Robert Simpson
“After reporting a series of
promising infill drill results in Q4 for the Wicheeda rare earth metals project
and advancing the metallurgical program with great results, investors have
handsomely rewarded Defense Metals Corp’s (TSXV: DEFN; OTCOB: DFMTF) by oversubscribing to an
end-of-year, non-brokered financing of $6.1 million.”
Read the full
article
About Defense Metals Corp.
Defense
Metals Corp. is a mineral exploration and development company focused on the
acquisition, exploration and development of mineral
deposits containing metals and elements commonly used in the electric power markets, defense industry, national
security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in
permanent magnet motors for electric vehicles.
Defense Metals owns 100% of the Wicheeda Rare Earth Element Deposit 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 advancing the Wicheeda REE Project, drill results
including anticipated timeline of such results/assays, commencement of the PFS,
the Company’s plans for its Wicheeda REE Project, expanded resource and scale
of expanded resource, expected results and outcomes, 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 anticipated costs and expenditures, 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, risks related to the
inherent uncertainty of exploration and cost estimates, the potential for
unexpected costs and expenses and 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), risks relating to
unanticipated operational difficulties (including failure of equipment or
processes to operate in accordance with specifications or expectations, cost
escalation, unavailability of personnel, materials and equipment, government
action or delays in the receipt of government approvals, industrial
disturbances or other job action, and unanticipated events related to health,
safety and environmental matters), risks relating to inaccurate geological and engineering
assumptions, 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, an
inability to predict and counteract the effects of COVID-19 on the business of
the Company, including but not limited to, the effects of COVID-19 on the price
of commodities, capital market conditions, restriction on labour and
international travel and supply chains, loss of key employees, consultants, or
directors, increase in costs, delayed drilling results, 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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