Investor Ideas - The Global Quest for Better #Batteries (TSXV: $NBM.V) (OTC: $NBMFF) (NASDAQ: $TSLA) (NASDAQ: $RIVN) (NYSE: $F) (NYSE: $GM) (NASDAQ: $LCID) @neo_battery @Tesla @Rivian @Ford @GM @LucidMotors

Investor Ideas - The Global Quest for Better #Batteries (TSXV: $NBM.V) (OTC: $NBMFF) (NASDAQ: $TSLA) (NASDAQ: $RIVN) (NYSE: $F) (NYSE: $GM) (NASDAQ: $LCID) @neo_battery @Tesla @Rivian @Ford @GM @LucidMotors

 

Who has the Holy Grail?

 

September 7, 2023 - Investorideas.com, a leading investor news resource covering EV and battery stocks releases a special news report on the global drive for battery innovation, featuring Toronto-based NEO Battery Materials Ltd. (TSXV:NBM) (OTC:NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries.

 

Read this article, featuring NMB in full at https://www.investorideas.com/news/2023/renewable-energy/09071Global-Quest-for-Better-Batteries.asp

 

 

According to Reportlinker.com “The worldwide demand for batteries is on the rise, primarily propelled by the urgency to combat climate change through mobility electrification and energy transition.

 

In addition, significant growth in consumer electronics, such as wearables and Bluetooth earphones, will further propel the Lithium-ion (Li-ion) battery materials market.”

 

“Lithium-ion batteries dominate the energy storage landscape for mobile electronic devices and electromobility.”

 

“However, the market strives for improvement in several aspects: Cost-effectiveness, safety, longevity, energy density, and recyclability.”

 

Focusing on cost and efficiency, NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF), announced it received the first purchase order (“P.O.”) for 0.4 metric tonnes (400 kilograms) of NEO’s proprietary silicon anode materials, NBMSiDE®, by an Asian chemical material company (the “Customer”) under NDA.

 

From the news: Through NEO’s South Korean subsidiary, NBM Korea Co., an initial volume P.O. was placed for the Customer’s purpose of combining NBMSiDE® products with the Customer’s battery materials to develop composite anodes for commercial-level lithium-ion battery use. Due to the large volume order that exceeds the gratuitous sample limit, the transaction was recognized as a purchase order, and NEO plans to supply over a one (1) year timeline, delivering gradually optimized samples.

 

Mr. Spencer Huh, President & CEO of NEO commented, “We are excited to extend our relationship with the chemical material company to take another step towards collaborative commercialization. The unnamed Customer will test NBMSiDE® within their materials and system to present their products to multiple global battery cell manufacturers & EV automakers they have been cooperating on a long-term basis. Positive performance developments are opening and driving new opportunities for advanced agreements continuously, and we expect to secure additional bulk sample P.O.s for large volume testing.”

 

In recent previous news discussing advancement of their technology, the Company announced the latest optimized batch of NEO’s proprietary silicon anode materials, NBMSiDE®, has been sent to battery manufacturers and EV automakers for performance evaluation.

 

From the news: As announced on August 16, 2023, further improved formulations with uniform coatings and additives have enabled an over 70% cycle life enhancement compared to the previous evaluated batch. NEO Battery has continued sample delivery with multiple companies in the EV battery supply chain, undergoing over 20 active material evaluations to date. The latest delivery marks the 4th sample sent to a global battery manufacturer with initial sample tests with North American-based LFP (Lithium Iron Phosphate) battery manufacturers.  

 

Looking to industry leader Tesla (NASDAQ: TSLA) for improvements in battery technology, Whichcar.com reported recently that “Chinese battery manufacturer ,Contemporary Amperex Technology Co. Limited (CATL) has announced a new lithium-iron-phosphate (LFP) battery pack and it’ll likely be featured on the 2024 Tesla Model 3 update.”

 

Continued: “The new ‘Shenxing’ LFP battery is capable of ‘4C superfast charging’ to deliver 400 kilometres of driving range in 10 minutes on a compatible station, with more than 700km claimed range on a full charge.”

 

Continued: “Compared to traditional lithium-ion packs, LFP cathodes typically charge slower and are more sensitive to lower temperatures but last longer and are thermally safer.“

 

Reporting on developments with Rivian Automotive, Inc. (NASDAQ: RIVN), Autoblog reported  this week, “Rivian says it has a new range champ in the lineup. The company posted on its website that the dual-motor R1T pickup with the 180-kWh Max battery pack and 21-inch wheels is EPA-rated to go an estimated 410 miles on a charge. The EPA's comparison site doesn't list any 2024 Rivians yet, and the government agency hasn't posted info on the Max pack at all, so this is Rivian getting a public jump on what we should expect. Assuming this comes to pass, it exceeds the automaker's early estimate that the Max battery would be good for a 400-mile run. The range puts the Rivian, the 2024 Chevrolet Silverado EV, and Tesla Cybertruck in the 400+ Miles of Announced Range club for pickups, the 2024 GMC Hummer EV 3X not far behind at 381 miles.“

 

Moving forward with its electrification model, in mid- August, Ford Motor Company (NYSE: F) and EcoProBM announced an investment of C$1.2 billion to build a cathode manufacturing facility that will provide materials that ultimately supply batteries for Ford’s future electric vehicles.

 

From the News: Once production begins in the first half of 2026, the site will have the capacity to produce up to 45,000 tonnes of CAM per year.This new facility, Ford’s first investment in Québec,  is part of the automaker’s plan to localize key battery raw material processing in regions where it produces EVs.

 

From the News: “Ford has been serving customers in Canada for 119 years, longer than any other automaker, and we’re excited to invest in this new facility to create a vertically integrated, closed-loop battery manufacturing supply chain in North America designed to help make electric vehicles more accessible for millions of people over time,” said Bev Goodman, President and CEO, Ford of Canada.

 

From the News: “We’re excited for the opportunity for our first-ever investment in Québec with a new facility that will help shape the EV ecosystem there.”

 

From the News: EcoPro CAM Canada LP will manufacture cathode active materials and, more precisely, high quality Nickel Cobalt Manganese (NCM) for rechargeable batteries that are targeting greater performance levels and improved EV range compared to existing products, thanks in part to EcoPro’s core shell gradient (CSG) technology.

 

General Motors (NYSE: GM) recently announced it is betting on innovation for the future and is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. The company’s AI-powered platform and advanced research and development facility in Mountain View, California, will help accelerate GM’s commercialization of affordable electric vehicle batteries.

 

From the news: GM and Mitra Chem will develop advanced iron-based cathode active materials (CAM), like lithium manganese iron phosphate (LMFP), to power affordable and accessible EV batteries compatible with GM’s EV propulsion architecture, the Ultium Platform. GM’s funding will help Mitra Chem to scale its current operations and to expedite their novel battery materials formulation to market.

 

From the news: “This is a strategic investment that will further help reinforce GM’s efforts in EV batteries, accelerate our work on affordable battery chemistries like LMFP and support our efforts to build a U.S.-focused battery supply chain,” said Gil Golan, GM Vice President, Technology Acceleration and Commercialization. “GM is accelerating larger investments in critical subdomains of battery technology, like cell chemistry, components and advanced cell production processes. Mitra Chem’s labs, methods and talent will fit well with our own R&D team’s work.”

 

Stating its renowned battery technology, Lucid Group, Inc. (NASDAQ:LCID) announced earlier this year that it entered into a definitive agreement to establish a long-term strategic technology partnership with Aston Martin to accelerate the iconic British brand's high-performance electrification strategy and long-term growth.

 

From the news: Lucid was selected by Aston Martin through a competitive process and will provide advanced electric powertrain technologies, including its ultra-high performance twin motor drive unit, renowned battery technology, and revolutionary Wunderbox. The twin motor rear drive unit's prodigious power combines with torque vectoring to extend the capabilities of the car beyond that achievable with a passive all-wheel-drive system. These technically innovative electric motors incorporate Lucid's microjet stator cooling and wave winding, new heat exchanger technology and heightened coolant flow rate, as well as an accompanying battery system that is likewise upgraded for higher power and more precise thermal logic.

 

With significant funding coming from governments and big automakers, the race for battery innovation for the future of electrification of our planet will only pick up speed. With numbers projected by research firms  showing the EV battery market is projected to achieve a market size of USD 194.8 Billion by 2032 growing at a CAGR of 16.9% from 2023 to 2032, it’s a race worth watching for investors.

 

Investors can research EV and battery stocks at Investorideas.com free stock directory

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

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#RareEarth #Stock Defense Metals (TSX-V: DEFN.V) (OTCQB: $DFMTF) Identifies new Anomalies that may represent previously unknown #REE mineralized carbonatite; @defensemetals

#RareEarth #Stock Defense Metals (TSX-V: DEFN.V) (OTCQB: $DFMTF) Identifies new Anomalies that may represent previously unknown #REE mineralized carbonatite; @defensemetals

 

Vancouver, British Columbia – September 6, 2023: Investorideas.com Newswire, -Mining/Metals/ Green Energy Stock news-  Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) , is pleased to announce that a recently completed ground radiometric geophysical survey over the Wicheeda Rare Earth Element (REE) deposit, located near Prince George, Canada, has identified new anomalies that may represent previously unknown REE mineralized carbonatite located largely within the current mineral resource pit shells, as set forth in the 2021  preliminary economic assessment (PEA[1]).

 

See this DEFN news including images in full at https://www.investorideas.com/news/2023/mining/09061DEFN-REE-Mineralized-Carbonatite.asp

 

Highlights:

 

·        Based on extensive core drilling and surface geologic mapping completed to advance Defense Metals’ ongoing preliminary feasibility study (PFS), the survey results closely map and further define the surface extent of outcropping REE mineralization.

 

·        Two previously unknown linear radiometric anomalies were identified, each approximately 40 metres in width and extending approximately 250 metres northwest from the main body of the Wicheeda REE deposit (Figure 1).

 

·        Ground truthing showed that the anomalies are overlain entirely by surficial cover which occurs at lower elevations, along the western portion of the Wicheeda deposit.

 

Kristopher Raffle, P.Geo., Director of Defense Metals and a Qualified Person stated:

 

“We’re excited to have identified two new exploration targets so close to the Wicheeda deposit. The radiometric surveys were initially designed to assist our geologic mapping teams and it came as a surprise when we identified new anomalies under cover having a similar geophysical expression to known drilled and outcropping rare earth mineralization. After reviewing the geophysical data in the context of our updated Wicheeda 3D geological model we recognized the potential for undiscovered near-surface, east-dipping carbonatite bodies. We look forward to drill testing these anomalies.”

 

Several resource definition drill holes undercut the southern half of the eastern anomaly at >150 metre vertical depth below surface and preclude a subvertical or steeply east dipping source. Drill hole WI21-39 intersected relatively higher-grade carbonatite at depth returning 2.91% total rare earth oxide (TREO) over 45 metres from a depth of 69 metres[2] downhole that is believed to represent the downdip projection of the eastern radiometric anomaly.

 

The majority of the eastern and the entirety of the western radiometric anomaly remain untested by core drilling. Defense Metals plans to test the western geophysical anomaly during fall 2023 as part of an expanded program of pit geotechnical drilling comprising a planned 915 metres in 4 holes (see Figure 1), with additional drilling subject to initial results.

 

Details of the Radiometric Surveys

The recently completed Wicheeda ground radiometric survey comprised a total of 20 line-km along 50 metre spaced, and locally 25 metre infill, east-west oriented survey lines completed over an area of approximately 800 x 900 metres.  A NUVIA Dynamics PGIS-2 Gamma-ray spectrometer, equipped with a 0.347 Litre NaI detector and 512-channel resolution ADC was used and data was automatically synchronized with GPS, ensuring both time and location accuracy. The spectrometer's self-stabilizing capabilities on natural radioactive elements such as K, U, and Th eliminated the need for frequent recalibration, assuring reliable and accurate gamma-ray measurements. Given that gamma rays are highly attenuated by overburden (approximately 90% attenuation at 20-30cm overburden depth) ground radiometric surveys are only likely to detect outcropping or very near surface sources.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, Alberta, who is a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. 

 

About the Wicheeda REE Property

Defense Metals 100% owned, 6,759-hectare (~16,702-acre) Wicheeda Project is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. The Wicheeda REE Project is readily accessible by all-weather gravel roads and is near infrastructure, including hydropower transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the deep-water port facilities at Prince Rupert, the closest major North American port to Asia.

The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report outlined an after-tax net present value (NPV@8%) of $517 million and an 18% IRR[3]. This PEA contemplated an open pit mining operation with a 1.75:1 (waste: mill feed) strip ratio providing a 1.8 Mtpa ("million tonnes per year") mill throughput producing an average of 25,423 tonnes REO annually over a 16-year mine life. A Phase 1 initial pit strip ratio of 0.63:1 (waste: mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element Deposit located near Prince George, British Columbia, Canada. Defense Metals Corp. trades on the TSX Venture Exchange under the symbol “DEFN”, in the United States, trading symbol “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

Defense Metals is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

 

For further information, please visit: https://www.defensemetals.com or 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, completion of additional geotechnical work including pit geotechnical core holes and the expected timelines, the potential of the anomalies to represent previously unknown bodies of REE mineralized carbonatite, the expected completion of the PFS, 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, accuracy of assay results, performance of available laboratory and other related services, future operating costs, interpretation of geological, engineering and metallurgical data, 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, engineering and metallurgical results, risks related to the inherent uncertainty of exploration, metallurgy and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. 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, metallurgical 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 and other viruses and diseases on the business of the Company, 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 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.

 

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   this  DEFN news is a paid news release on investorideas.com – learn more about costs and services https://www.investorideas.com/News-Upload/  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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---

[1] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR+ (www.sedarplus.ca).

[2] See Defense Metals News Release dated March 8, 2022

[3] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR+ (www.sedarplus.ca).

#REE #Stock News for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - New Exploration Targets; @defensemetals

#REE #Stock News for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - New Exploration Targets; @defensemetals

 

Potential to Expand Wicheeda #REE Deposit Defined by Defense Metals

 

Vancouver, British Columbia – September 5, 2023: Investorideas.com Newswire, -Mining/Metals/ Green Energy Stock news-  Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) , is pleased to announce that a recently completed ground radiometric geophysical survey over the Wicheeda Rare Earth Element (REE) deposit, located near Prince George, Canada, has identified new anomalies that may represent previously unknown REE mineralized carbonatite located largely within the current mineral resource pit shells, as set forth in the 2021  preliminary economic assessment (PEA[1]).

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2023/mining/09051DEFN-New-Exploration-Targets.asp

 

Highlights:

 

·        Based on extensive core drilling and surface geologic mapping completed to advance Defense Metals’ ongoing preliminary feasibility study (PFS), the survey results closely map and further define the surface extent of outcropping REE mineralization.

 

·        Two previously unknown linear radiometric anomalies were identified, each approximately 40 metres in width and extending approximately 250 metres northwest from the main body of the Wicheeda REE deposit (Figure 1).

 

·        Ground truthing showed that the anomalies are overlain entirely by surficial cover which occurs at lower elevations, along the western portion of the Wicheeda deposit.

 

Kristopher Raffle, P.Geo., Director of Defense Metals and a Qualified Person stated:

 

“We’re excited to have identified two new exploration targets so close to the Wicheeda deposit. The radiometric surveys were initially designed to assist our geologic mapping teams and it came as a surprise when we identified new anomalies under cover having a similar geophysical expression to known drilled and outcropping rare earth mineralization. After reviewing the geophysical data in the context of our updated Wicheeda 3D geological model we recognized the potential for undiscovered near-surface, east-dipping carbonatite bodies. We look forward to drill testing these anomalies.”

 

Several resource definition drill holes undercut the southern half of the eastern anomaly at >150 metre vertical depth below surface and preclude a subvertical or steeply east dipping source. Drill hole WI21-39 intersected relatively higher-grade carbonatite at depth returning 2.91% total rare earth oxide (TREO) over 45 metres from a depth of 69 metres[2] downhole that is believed to represent the downdip projection of the eastern radiometric anomaly.

 

Figure 1: 2023 Ground Radiometric Survey Results

 

The majority of the eastern and the entirety of the western radiometric anomaly remain untested by core drilling. Defense Metals plans to test the western geophysical anomaly during fall 2023 as part of an expanded program of pit geotechnical drilling comprising a planned 915 metres in 4 holes (see Figure 1), with additional drilling subject to initial results.

 

Details of the Radiometric Surveys

The recently completed Wicheeda ground radiometric survey comprised a total of 20 line-km along 50 metre spaced, and locally 25 metre infill, east-west oriented survey lines completed over an area of approximately 800 x 900 metres.  A NUVIA Dynamics PGIS-2 Gamma-ray spectrometer, equipped with a 0.347 Litre NaI detector and 512-channel resolution ADC was used and data was automatically synchronized with GPS, ensuring both time and location accuracy. The spectrometer's self-stabilizing capabilities on natural radioactive elements such as K, U, and Th eliminated the need for frequent recalibration, assuring reliable and accurate gamma-ray measurements. Given that gamma rays are highly attenuated by overburden (approximately 90% attenuation at 20-30cm overburden depth) ground radiometric surveys are only likely to detect outcropping or very near surface sources.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, Alberta, who is a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. 

 

About the Wicheeda REE Property

Defense Metals 100% owned, 6,759-hectare (~16,702-acre) Wicheeda Project is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. The Wicheeda REE Project is readily accessible by all-weather gravel roads and is near infrastructure, including hydropower transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the deep-water port facilities at Prince Rupert, the closest major North American port to Asia.

The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report outlined an after-tax net present value (NPV@8%) of $517 million and an 18% IRR[3]. This PEA contemplated an open pit mining operation with a 1.75:1 (waste: mill feed) strip ratio providing a 1.8 Mtpa ("million tonnes per year") mill throughput producing an average of 25,423 tonnes REO annually over a 16-year mine life. A Phase 1 initial pit strip ratio of 0.63:1 (waste: mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element Deposit located near Prince George, British Columbia, Canada. Defense Metals Corp. trades on the TSX Venture Exchange under the symbol “DEFN”, in the United States, trading symbol “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

Defense Metals is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

 

For further information, please visit: https://www.defensemetals.com or 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, completion of additional geotechnical work including pit geotechnical core holes and the expected timelines, the potential of the anomalies to represent previously unknown bodies of REE mineralized carbonatite, the expected completion of the PFS, 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, accuracy of assay results, performance of available laboratory and other related services, future operating costs, interpretation of geological, engineering and metallurgical data, 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, engineering and metallurgical results, risks related to the inherent uncertainty of exploration, metallurgy and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. 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, metallurgical 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 and other viruses and diseases on the business of the Company, 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 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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[1] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR+ (www.sedarplus.ca).

[2] See Defense Metals News Release dated March 8, 2022

[3] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR+ (www.sedarplus.ca).