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Wednesday, October 26, 2022

#REE #Stock News- Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) Drills 113 metres of 2.50% Total Rare Earth Oxide at Wicheeda; @defensemetals

 

 


#REE #Stock News- Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) Drills 113 metres of 2.50% Total Rare Earth Oxide at Wicheeda; @defensemetals

 

Completes 2022 Resource Delineation and Pit Geotechnical Drilling of 5,500 metres

 

 

News Release - Vancouver, British Columbia – October 26, 2022: 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 high-grade Rare Earth Element (“REE”) assay results from one additional core hole, totalling 383 metres (m), collared within the northern area of Defense Metals’ 100% owned Wicheeda REE Deposit.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2022/mining/10261DEFN-REE-Wicheeda.asp

 

Infill drill hole WI22-70 (-55o dip / 234o azimuth) was drilled southwest within the northern area of the deposit intersected a broad zone of mineralized dolomite carbonatite averaging 2.50% total rare earth oxide (“TREO”) over 113 metres (m)[1] (Figure 1).

 

The Company is also pleased to report the completion of the Wicheeda REE Deposit resource delineation and pit geotechnical diamond drilling campaign for the 2022 exploration season. This year a total of 5,500 metres of diamond drilling was completed in 18 holes. The 2022 drilling included completion of five (5) pit slope geotechnical and hydrogeologic holes totalling 1,150 metres, which were designed in part to support a Preliminary Feasibility Study (PFS) expected to commence Q4 2022.

 

Kristopher Raffle, P.Geo. and Director and QP of Defense Metals stated: “The 2022 Wicheeda drilling continues to meet or exceed expectations, yielding broad zones of mineralized dolomite-carbonatite that in the case of WI22-70 announced today serves to support, and refine confidence in, our PEA mineralized volumes.”

 

Table 1. Wicheeda REE Deposit 2022 Diamond Drill Intercepts

Hole ID

From (m)

To

(m)

Interval (m)

TREO[2] (%)

Ce2O(%)

La2O(%)

Nd2O(%)

Pr2O(%)

Sm2O(ppm)

Gd2O3 (ppm)

Eu2O3 (ppm)

Dy2O3 (ppm)

Tb4O7 (ppm)

Ho2O3 (ppm)

WI22-70 (234/-55)

117

230

113

2.50

1.20

0.84

0.29

0.10

352

180

74

58

17

7

WI22-62 (204/-50)

93

260

167

1.39

0.68

0.43

0.18

0.06

222

101

43

29

9

4

including

121

169

48

2.29

1.13

0.72

0.29

0.10

316

123

54

22

9

2

WI22-63 (204/-60)

148

187

39

2.29

1.12

0.79

0.25

0.09

246

120

47

26

9

3

including

175

184

9

5.08

2.45

1.84

0.52

0.19

472

215

91

49

17

5

WI22-64 (204/-65)

77

269.3

192.3

1.78

0.86

0.58

0.22

0.08

230

116

51

34

10

4

including

77

150

73

3.13

1.51

1.06

0.37

0.13

353

156

71

30

12

3

WI22-67 (197/-60)

30.7

137

106.3

2.53

1.22

0.87

0.28

0.10

307

149

66

36

13

4

including

41

100

59

3.42

1.65

1.19

0.37

0.14

381

184

80

40

16

4

WI22-68 (220/-55)

109.4

233

123.6

3.58

1.69

1.29

0.38

0.14

376

160

71

35

12

3

including

212

230

18

6.70

3.11

2.50

0.71

0.27

619

260

111

47

18

5

 

Figure 1. Drill Section Hole WI22-70

 


About the Wicheeda REE Property

 

The 100% owned 4,244-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 near infrastructure, including power transmission lines, the CN railway, and major highways.

 

The Wicheeda REE Project yielded a robust 2021 preliminary economic assessment technical report (PEA) that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR[3]. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. 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.

 

Methodology and QA/QC

 

The analytical work reported on herein was performed by ALS Canada Ltd. (ALS) at Langley (sample preparation) and Vancouver (ICP-MS fusion), B.C. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Defense Metals and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. A 0.1-gram sample pulp was then subject to multi-element ICP-MS analysis via lithium-borate fusion to determine individual REE content (ME-MS81h). Defense Metals follows industry standard procedures for the work carried out on the Wicheeda Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate, and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Defense Metals detected no significant QA/QC issues during review of the data.

 

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. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein. 

 

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 “forwardlooking 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.comWhile 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 forwardlooking statements or forwardlooking information, except as required by law.

 

 

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[1]The true width of REE mineralization is estimated to be 70-100% of the drilled interval.

[2]TREO % sum of CeO2, La2O3, Nd2O3, Pr6O11, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3 and Ho2O3.

[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.sedar.com).


Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) FIVE 'Strikingly Different' EV Crossover Tour Starts Tomorrow, Oct. 27, in Pasadena, California; New Los Angeles Area Stop Added; @Mullen_USA

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) FIVE 'Strikingly Different' EV Crossover Tour Starts Tomorrow, Oct. 27, in Pasadena, California; New Los Angeles Area Stop Added; @Mullen_USA

 

Mullen Automotive starts the FIVE EV Crossover tour this Thursday, Oct. 27, and Friday, Oct. 28, in Pasadena, California. Due to overwhelming interest, the Company has also added new Los Angeles area dates for Nov. 1 and Nov. 2 at Angel Stadium in Anaheim, California.

 

Mullen will be showcasing PERSONA, its proprietary personal vehicle assistant ('PVA') and its proprietary infotainment technology, providing a firsthand experience during the tour. PERSONA, featuring facial recognition technology, is the heart of the Mullen FIVE infotainment and technology. It completely personalizes the vehicle and driving experience for the consumer.

 


BREA, Calif. - October 26, 2022 (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today the beginning of the Mullen FIVE Strikingly Different EV Crossover Tour, which will commence on Oct. 27 in Pasadena, California. Due to overwhelming interest, new dates have been added for Nov. 1 and 2 at Angel Stadium in Anaheim, California.

 

Read this news, featuring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10261EV-Crossover-Tour.asp

 



Mullen FIVE Strikingly Different Tour Starts Tomorrow

The public will have the chance to experience the Mullen FIVE in person during the tour, and Mullen will also be showcasing PERSONA, the Company's proprietary personal vehicle assistant ("PVA") and its proprietary infotainment technology, providing an exciting firsthand experience. PERSONA, featuring facial recognition technology, is the heart of the Mullen FIVE infotainment and technology. It completely personalizes the vehicle and driving experience for the consumer.

 

Los Angeles, California
Angel Stadium| Anaheim, California
Address: 2000 E. Gene Autry Way, Anaheim, CA 92806, USA
Dates: Nov. 1-Nov. 2

 

"When we announced the Pasadena location, we received an overwhelmingly positive response and were completely booked out in a matter of hours. So, we decided to add an additional LA area stop to ensure more people have the opportunity to experience the FIVE," said David Michery, CEO and chairman of Mullen Automotive. "It's been a remarkable journey for us to get to this point of officially starting the Mullen FIVE demonstrator U.S. tour. We're beyond grateful for the incredible support we've received so far."

For the remainder of 2022, Mullen will continue the "Strikingly Different" Tour in the following cities, with exact dates, locations and times announced on or before Nov. 1, 2022.

 

Please visit MullenUSA.com to learn more about the upcoming Mullen FIVE "Strikingly Different" Tour.

 

November 2022
Anaheim, California - Nov. 1 & 2 @ Angel Stadium
Las Vegas, Nevada - Nov. 10 & 11 @ Las Vegas Speedway
Dallas, Texas - Nov. 14 & 15 @ Globe Life Field
Houston, Texas - Nov. 18 & 19 @ Minute Maid Park

 

December 2022
Memphis, Tennessee - To be announced
Miami, Florida - Dec. 5 & 6 @ loanDepot park
Atlanta, Georgia - To be announced
Charlotte, North Carolina - To be announced

 

In spring 2023, Mullen will launch the second leg of the "Strikingly Different" Tour with a focus on the East Coast, Midwest and northwest before finishing up in northern California. The second leg of the tour will feature the Mullen FIVE RS, which is a high-performance EV sport crossover featuring 1,100 horsepower, a top speed of 200 mph, and acceleration from 0-60 mph in just 1.9 seconds.

 

Mullen is offering "front row" FIVE reservation holders the first chance to experience the Mullen FIVE in person on the "Strikingly Different" U.S. tour beginning this fall. Mullen asks interested individuals who have not already done so to book their FIVE reservations here in order to secure a spot on the upcoming national tour. Further details and upcoming progress will be shared on Mullen's social media platforms and with individuals who opt to stay connected here.

 

About Mullen:

Mullen Automotive is a Southern California-based automotive company building the next generation of premium electric vehicles ("EVs") that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership.

 

The Mullen FIVE, the Company's first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the company, visit www.MullenUSA.com.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the contemplated dates, locations and times of the "Strikingly Different" Tour; the proposed second leg of the tour featuring the Mullen FIVE RS; and any other contemplated Mullen vehicle demonstrator tours will materialize and, if so, whether they will prove successful for the Company. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date.

 

Contact:

Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

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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 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:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. 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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Monday, October 24, 2022

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) Announces the I-GOTM, New Urban Commercial Electric Delivery Vehicle Available Now for European Markets; @Mullen_USA

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) Announces the I-GOTM, New Urban Commercial Electric Delivery Vehicle Available Now for European Markets; @Mullen_USA





A commercial EV that is EU standard homologated, certified and ready for sale in the UK, Germany, Spain, France, and Ireland, with the first vehicles set for Germany in December 2022.  Starting Price of $11,999 plus VAT and Local Transportation.  Company is engaged in licensing discussions with potential partners

 

BREA, Calif., October 24, 2022 – (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ:MULN(“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today it has secured exclusive sales, distribution and branding rights to the new compact urban delivery electric vehicle, the I-GO, which is fully EU Standard homologated and certified for sale in select European Markets. 

 

Read this news, featuring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10241I-GO-Urban-Electric-Vehicle.asp

 

Perfect for urban European markets, the I-GO bridges the gap between the growing demand for quick deliveries and space constraints found throughout the dense cities of Europe.

 

There is high demand for ready to market urban delivery vehicles in Europe. The Company has seized the opportunity to extend its branding and marketing reach to the European market through its partnership with the manufacturers of the I-Go.  The Mullen I-GO, intended for companies focusing on last mile deliveries, is based on a 96-inch wheelbase, 16.5-kWh battery pack, rear-wheel drive, and a curb weight of 1,753 lbs. With a range of 124 miles, according to NEDC estimate, the vehicle can easily handle the stop/go and weave in/out typical of narrow European urban streets. The I-Go was built with the intention to get to the customer's door faster, all while decreasing pollution and congestion levels across Europe.   The I-GO will have a starting price of $11,999 plus VAT and local transportation and will be retailed and serviced through local European distributors. 

 

"Securing the exclusive sales, distribution and branding rights in major European countries for a ready to market electric commercial delivery vehicle is a huge win for the Company.  The Company plans on licensing its rights to established dealerships in these desirable European markets. Essentially, this transaction provides the Company revenue generating opportunities, promotes and extends the Company’s brand into other countries while at the same time allowing the Company to remain fully focused on its mission of manufacturing its lineup of electric vehicles in the USA.   The goal has always been for Mullen to build  a complete line of commercial electric vehicles, and we realized that one of the most critical issues today is inefficient last-mile delivery in urban markets," said David Michery, CEO and chairman of Mullen Automotive. "The introduction of  the I-GO, a fully EU homologated vehicle, creates opportunities for the Company  in Europe where there is a huge demand for this type of small delivery vehicle."

 

The I-GO will join Mullen’s current commercial vehicle lineup which includes Class 1 and 2 EV cargo vans. Mullen recently made a majority acquisition of Bollinger Motors, whose portfolio includes Class 3 through Class 6 commercial vehicles. In addition to securing the exclusive sales, distribution and branding rights for the I-GO for Spain, France , Germany, UK and Ireland, the Company entered into an Asset Purchase Agreement to acquire all assets of Electric Last Mile Solutions, Inc. and Electric Last Mile, Inc. (“ELMS”) from the ELMS Bankruptcy Estates .

 

About Mullen

Mullen Automotive is a Southern California-based automotive company building the next generation of premium electric vehicles (EVs) that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership. The Mullen FIVE, the Company’s first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the company, visit www.MullenUSA.com.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Company will meet the required contractual benchmarks to continue with its  exclusive rights to the  I-GO; whether ther Company will be successful in its endeavors to secure licensing or similar arrangements for the I-GO  with European vehicle dealerships; whether demand for ready to market urban delivery vehicles will continue in the European market; whether the I-GO will ultimately be avaibale at the starting price of $11,999 plus VAT and local transportation; and whether the  envisioned  branding, marketing reach and revenue generating oppotnuties associated with the I-GO will materialize and if so, prove successful for the Company. Additional examples of such risks and uncertainties include but are not limited to; (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen’s business; (vii) changes in government licensing and regulation that may adversely affect Mullen’s business; (viii) the risk that changes in consumer behavior could adversely affect Mullen’s business; (ix) Mullen’s ability to protect its intellectual property; and (x) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

 

Contact:

Mullen Automotive, Inc.

+1 (714) 613-1900

www.MullenUSA.com

 

Wire Service Contact:

InvestorWire (IW)

Los Angeles, California

www.InvestorWire.com

212.418.1217 Office

Editor@InvestorWire.com

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

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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 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:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. 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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Friday, October 21, 2022

Breaking #EV #Stock News: Mullen Automotive (NASDAQ: $MULN) Taps Former GM Executive John Schwegman as Chief Commercial Officer for Next Phase of EV Growth; @Mullen_USA

Breaking #EV #Stock News: Mullen Automotive (NASDAQ: $MULN) Taps Former GM Executive John Schwegman as Chief Commercial Officer for Next Phase of EV Growth; @Mullen_USA

 

Schwegman, with 35 years of experience with GM,  will oversee the implementation of all commercial strategies for Mullen Automotive's Commercial  EV Vehicle Division


 

BREA, Calif., October 21, 2022 – (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ:MULN(“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the hiring of John Schwegman as its Chief Commercial Officer (CCO) for Mullen’s line of commercial vehicles.  

 

Read this news, feauring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10211John-Schwegman-CCO.asp

 

Prior to joining Mullen, Schwegman spent 35 years of his career at General Motors (GM), where he held various executive-level roles in which he led global teams across four continents. At GM, he oversaw the growth of commercial product lines, re-positioned core brands, developed Chevrolet's core Electric Vehicle prioritization, re-launched GM's previously-retired Medium Duty Commercial Fleet business, and more.

 

Schwegman’s primary focus will be on growth strategy for Mullen’s lineup of commercial EVs covering Class 1 through Class 6 of light and medium duty trucks. Mullen’s current commercial vehicle lineup includes Class 1 and 2 EV Cargo Vans. Mullen recently made a majority acquisition of Bollinger Motors, whose portfolio includes Class 3 through Class 6 commercial vehicles. Schwegman will oversee new enterprise and fleet sales opportunities across all Mullen-Bollinger commercial vehicle categories.

 

“John has tremendous experience in commercial automotive sales, and this makes him a highly strategic addition to Mullen,” said David Michery, CEO and chairman of Mullen Automotive. “We are very excited to have John on board; he will play a central role as CCO in the product planning and business development of our commercial vehicle.”

 

“After an exciting career with GM, I decided to look further into the overall EV landscape, I was impressed with Mullen’s strategic approach, including the portfolio, the plants, and Mullen’s speed to market. Mullen’s strategy combined with my experience in commercial vehicles and strong relationship with fleets and dealers, allows us to build a very competitive commercial EV story,”  said John Schwegman, Chief Commercial Officer of Mullen Automotive.

 

About Mullen

Mullen Automotive is a Southern California-based automotive company building the next-generation of premium electric vehicles (EVs) that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership. The Mullen FIVE, the company’s first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the company, visit www.MullenUSA.com.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to:  whether the appointment of John Schwegman, will be beneficial to the Company, whether the Company will deliver its vehicles within the slated timelines and (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

 

Contact:

Mullen Automotive, Inc.

+1 (714) 613-1900

www.MullenUSA.com

 

Wire Service Contact:

InvestorWire (IW)

Los Angeles, California

www.InvestorWire.com

212.418.1217 Office

Editor@InvestorWire.com

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

Investorideas.com

 

More info on MULN at Investorideas.com Visit: https://www.investorideas.com/CO/MULN/

 

Get News Alerts on EV Stock MULN

 

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 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:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. 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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