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Wednesday, April 21, 2021

#RareEarth #Metals #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Reports it Received #Hydrometallurgical Pilot Plant Proposal From SGS Canada Inc; @DefenseMetals

#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 “forwardlooking 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 forwardlooking statements or forwardlooking 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 Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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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)

#Renewable #Energy #Stock Solar Integrated Roofing (OTC: $SIRC) Reports Acquisition of Balance LLC to Efficiently Scale and Integrate Acquisitions; @SIRCStock

#Renewable #Energy #Stock Solar Integrated Roofing (OTC: $SIRC) Reports Acquisition of Balance LLC to Efficiently Scale and Integrate Acquisitions; @SIRCStock 

 

EL CAJON, CA – April 21, 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, announced today that it has signed a binding term sheet to acquire Balance, LLC, a Business Process Outsourcing (BPO) firm.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/04211Solar-Integrated-Roofing-Acquisition.asp

 

Founded in 2015, Balance is a BPO firm focused exclusively on assisting contractors to manage their businesses as efficiently and effectively as possible. Recognized as “America’s Services Company for Contractors”, Balance is one of the most admired brands servicing the contracting industry in the US. To date, Balance has service relationships with over 900 contractors across the nation providing industry leading administrative, estimating, supplementing, back office, billing, and project file management for over 30,000 jobs.

 

“Balance is a market leader in helping contractors save time and money by allowing them to focus on the job at hand,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. “Balance brings significant annual recurring revenue with its nationwide client list. We will expand and accelerate those achievements by transitioning their seasoned, 33-person team to manage the back-office functions for all our subsidiaries, adding significant value far beyond the immediately accretive revenue stream.

 

“Led by Troy Clymer, Balance is widely recognized as an industry thought leader and will be critical in shaping the marketplace given their strategic alliances with tier-1 industry brands and government agencies spanning all sectors. Balance has also been instrumental in the founding of two industry leading nonprofit organizations. The Catalyst Group – a 501c6 nonprofit educational corporation dedicated to bringing contractors and vendors together to advance the industry, and The American Policy Holders Association – a 501c4 watchdog organization that promotes integrity, honesty, and best practices in the property loss adjustment sector of the insurance industry.

 

“We look forward to continued near-term execution upon our robust acquisition strategy, leveraging our newly unified back office capabilities through the planned acquisition of Balance, enabling us to efficiently scale and realize important synergies critical to reaching our goal of firm-level profitability in the short-term.

 

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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Tuesday, April 20, 2021

#Hydrogen #Stocks to Watch (TSX: $DYA.TO) (OTCQX: $DYFSF) (TSX: $BLDP.TO) (NASDAQL BLDP) (NASDAQ: $DCRB) (NYSE: $BE) @dynaCERT @BallardPwr @hyzonmotors @Bloom_Energy

#Hydrogen #Stocks to Watch (TSX: $DYA.TO) (OTCQX: $DYFSF) (TSX: $BLDP.TO) (NASDAQL BLDP) (NASDAQ: $DCRB) (NYSE: $BE) @dynaCERT @BallardPwr @hyzonmotors @Bloom_Energy

 

The hydrogen market is expected to surpass USD 300 Billion by 2027

 

Point Roberts WA, Delta BC, April 20, 2021 – Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issue a sector snapshot on the booming hydrogen market and some of key players leading the revolution, including Hydrogen Tech stock dynaCERT Inc. (TSX:DYA.TO) (OTCQX: DYFSF) (FRA:DMJ), a company with seventeen plus years of R&D, scientific knowledge and design advancements within hydrogen generation.

 

Read this article, featuring dynaCERT in full at https://www.investorideas.com/news/2021/cleantech-climatechange/04201Hydrogen-Stocks.asp

 

The hydrogen market is expected to surpass USD 300 Billion by 2027,according to Global Market Insights Inc. Increasing focus toward clean energy in the emerging economies coupled with rising utilization of hydrogen in new applications will positively enhance the industry outlook.

 

Altenergmag.com reports “Since hydrogen fuel cells can integrate with so many industries — transportation, industrial activities, and energy generation — the boom is coming on strong. In fact, hydrogen usage is growing at a 9.2% annual rate, which will continue through 2025, creating a multi-billion-dollar industry.”

 

Hydrogen Tech stock dynaCERT Inc. (TSX:DYA.TO) (OTCQX: DYFSF) (FRA:DMJ) sees the vision of a hydrogen future and was recently invited by the Government of the Province of Ontario, Canada to participate in the Hydrogen Strategy Working Group of the Ontario Government under the guidance of the Ministry of the Environment, Conservation and Parks. 

 

dynaCERT’s product line (currently available world-wide) consists of Hydrogen-on-Demand technology which delivers trace amounts of Hydrogen to lower fuel consumption and carbon emissions of internal combustion engines. Their patented solution uses a proprietary Electroliser designed to be extremely user friendly on transport trucks, mining equipment and generators. Watch the video: HydraGEN™ Remote Filling Tutorial

https://www.youtube.com/watch?v=vL6vXWxbqkY

 

From the news: “dynaCERT intends to expand and leverage their expertise and knowledge to form the basis for future decades to advance the Company’s goal to adapt its HydraGEN™ Technology to numerous markets, globally. dynaCERT’s Hydrogen Electrolisers have gone through a series of transformations to meet the market demand. dynaCERT’s existing Alkaline Hydrogen Electrolisers are best suited for non-pressurized hydrogen production up to 500 litres per hour and can be stacked for higher hydrogen demand.”

 

From the news: Gurjant Singh, dynaCERT’s Head of Research and Development stated, "dynaCERT’s upcoming products such as the Anion Exchange Membrane and the Cation Exchange Membrane Electrolisers will produce pressurized hydrogen to meet the global demand. Pressurized hydrogen will significantly cut down the compression cost making it affordable to use in small- and large-scale applications such as off-grid power supply, fuel cells etc. dynaCERT’s smart ECU will enable consumers to control hydrogen production remotely and simplify data management.”

 

From the news: dynaCERT is committed to achieve and participate in net zero emissions goal by 2050. Exponential growth in hydrogen production over the past few years by conventional methods have further impacted the environment adversely. In 2019, more than 550 million tons of Carbon Dioxide were released in the atmosphere because of hydrogen production via Methane Reforming Process. At $50 per ton Carbon Credit, there is potential for more than $27 Billion worth of yearly savings. Carbon Credits remain a huge future revenue stream for dynaCERT with our Patent Pending Carbon Capturing Methodology while capturing credits for the Carbon Saved with our Hydrogen Generating Electrolisers."

 

dynaCERT Inc.was recently featured in an article ‘”THE BEST HYDROGEN STOCKS! PLUG POWER, BALLARD POWER, NEL ASA, DYNACERT.”

 

Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP), a long- time leader in the sector also has a vision - “A vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.”

 

Demonstrating how they have achieved new milestones for a hydrogen fuel cell future, they announced In March, “that the Company's proton exchange membrane (PEM) fuel cell technology and products have now powered Fuel Cell Electric Vehicles – or FCEVs – in commercial Heavy- and Medium-Duty Motive applications for an industry-leading cumulative total of more than 75 million kilometers on roads around the globe.“ 

 

From the news: Dr. Kevin Colbow, Ballard CTO said, "Ballard has industry-leading field experience in powering commercial vehicles, as evidenced by this 75-million-kilometer milestone. Our technology innovation and product programs have benefited immeasurably from these important on-road applications, through which Ballard products experience the full range of vehicle payloads, duty cycles, road conditions, and weather. The results include unparalleled reliability, durability and performance. Ballard is well-positioned to address Heavy- and Medium-Duty Motive applications, including bus, truck, train and marine, just as the global commitment to zero-emission mobility is accelerating. To date, almost 50 countries have launched carbon pricing initiatives, 75 countries have net zero carbon emission targets, and 32 countries – representing over 70% of global GDP – have announced hydrogen roadmaps. Moreover, the total addressable market for zero-emission modules to power commercial vehicles exceeds $130 billion annually."

 

Also looking to the future, Hyzon Motors Inc. (NASDAQ: DCRB), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, announced that it aims to be among one of the first companies to supply customers with a hydrogen fuel cell truck at total cost of ownership (TCO) parity with diesel-powered commercial vehicles in Europe. With its leading fuel cell technology and incentives available in Europe, Hyzon expects to help customers achieve TCO parity through its alliance with multiple hydrogen infrastructure partners.

 

From the news: Given the momentum behind hydrogen across Europe, this region is anticipated to lead the roll-out of hydrogen mobility worldwide. As a hydrogen heavy mobility category leader, Hyzon expects to play a significant role in the European Union's transition to hydrogen energy, through its manufacturing base in Groningen, The Netherlands.

 

As announced on February 9, 2021, Hyzon has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB, DCRBW, DCRBU), a publicly-traded special purpose acquisition company (SPAC) that would result in Hyzon becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, and is expected to occur in the second quarter of 2021.

 

Showing how fuel cells can really change the future of clean energy, Bloom Energy (NYSE: BEannounced it has begun to deploy a portfolio of more than 40 megawatts of solid oxide fuel cells in the Northeast through a series of agreements under a Community Distributed Generation (CDG) program, which encourages investment and deployment of clean energy technologies. The initial portfolio of projects is being deployed in New York.

 

From the news: “The current CDG program incentivizes developers to install clean power generation within the grid distribution network to alleviate stress on the electric grid, decrease harmful greenhouse gas emissions and air pollutants, reduce costs, and enhance energy reliability. Consumers, meanwhile, can purchase cleaner, more affordable and resilient power.”

 

From the news: “In addition to providing cost savings and improving power reliability, Bloom’s Energy Servers are expected to reduce carbon emissions by nearly 50,000 metric tons annually compared to the current grid alternative – the equivalent to taking more than 11,000 cars off the road for one year.”

 

Said best on a recent perspective on Medium, “Hydrogen provides the missing link to a completely green economy by allowing society to convert renewable power into a carbon-free commodity at low cost. That’s important because hydrogen is a critical integration point between intermittent clean power generation, the entire transportation sector, and the industrial sector. We need this integration to achieve 100% decarbonization.”

 

For investors following renewable energy and hydrogen stocks, visit the directory of publicly traded stocks https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

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Disclaimer/Disclosure: 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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions. Disclosure: dynaCERT is a paid monthly news and publishing client on Investorideas.com. More disclaimer and disclosure info.  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 Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#Metals/ #GreenEnergy News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Receives #Hydrometallurgical Pilot Plant Proposal from SGS Canada Inc.; @DefenseMetals

 

#Metals/ #GreenEnergy News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Receives #Hydrometallurgical Pilot Plant Proposal from SGS Canada Inc.; @DefenseMetals

 


Vancouver, British Columbia – April 20, 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/04201DEFN-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 “forwardlooking 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 forwardlooking statements or forwardlooking 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)