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Wednesday, January 17, 2024

Cleantech Podcast – CEO of SinglePoint Inc. (CBOE: $SING) Talks about Growth Strategy for Solar and Indoor Air Quality Markets; @_Singlepoint_



 

 

Cleantech Podcast – CEO of SinglePoint Inc. (CBOE: $SING) Talks about Growth Strategy for Solar and Indoor Air Quality Markets; @_Singlepoint_  

 

The Sky is the Limit

 

January 17, 2024 - Investorideas.com, a global news source and leading investor resource covering cleantech stocks issues a new edition of its Cleantech Podcastfeaturing an exclusive interview with Wil Ralston, CEO of SinglePoint Inc. (CBOE: SING).  

 

Wil discusses the recent corporate milestone of listing on the CBOE and his growth strategy for 2024 for their two primary industry targets, solar and indoor air quality.   

 

Listen to the Podcast:
https://www.investorideas.com/Audio/Podcasts/2024/011524-Cleantech-SING.mp3

 

Read this newsletter, featuring SING in full at https://www.investorideas.com/news/2024/cleantech-podcasts/01171Interview-SinglePoint.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Ralston told Investor Ideas, “SinglePoint Inc. has been focused for the last two years in the solar and renewable energy markets, as well as indoor air quality. We've had massive governmental tailwinds for these industries that really set the stage for the next decade. The Inflationary Reduction Act (IRA) puts a tremendous amount of tax credits towards clean energy and renewable projects. In addition we benefit from the federally funded $121 billion that drives indoor air quality solutions for K through 12 schools across the country. So these are our main two focuses right now.”

 

“On the solar side, we're really looking at the acquisition and roll up strategy to become the first truly national installation, engineering, procurement business across the United States.”

 

Talking about the recent uplisting and resulting potential for the company moving forward, he said, “We are the first US listed company on CBOE and it's an extremely exciting time. It's a brand new exchange, but they've operated for many years in the options and ETF markets.  They decided in June this year that they were going to open an equity side to compete with NASDAQ and NYSE. Being the first listed company on CBOE is a great milestone.”

 

“If you zoom out, it wasn't that long ago that we were a sub $1 million revenue company, less than two annual reporting periods ago. We were a small revenue generating business. Now within that time, we've gone from nominal revenue of sub $1 million to $17 million, to $24 million. And we expect to grow on top of that again this year.”

 

“They are a tier- one exchange and trade over $1.8 trillion a day through their exchange. and it gives us the credibility, notoriety and the name of being listed. And that's an extremely important factor.”

 

Talking about his growth strategy for solar he states, “The strategy that we've been defining is really focused on acquisitions and roll up of the number one, number two and number three companies in a region. Solar is highly region dependent and even very fragmented within those regions. So you have to have a great understanding of the market. We are seeking businesses that operate with a history of growing revenue, a history of profitability and great bench strength within the business. So our strategy is to find and identify these companies, make the acquisition, allow them to maintain their brand, their company, their people and everything that they're doing to be successful. We will be able to provide the back end infrastructure. And as we grow, we'll get more purchasing power.”

 

Discussing the air quality market opportunity, Ralston shows his excitement and passion for its potential, “I consider our air quality business subsidiary, Box Pure Air, as our X factor. There are multiple states, New York being one, which purchased $70 million worth of equipment from one vendor. We have the opportunity to be one of those contracts.”

 

“We have the most up-to-date, best engineered unit on the market that already meets all the standards; UL listed, EPA certified Department of Education certified and compliant. The reason for that is the engineer behind it actually develops and engineers clean rooms for semiconductor manufacturing facilities. So there is a unique and understanding of how to clean air in rooms.”

 

“We're really excited about both industries; decade long opportunities that we're executing on right here and now.”

 


About SinglePoint Inc 
(CBOE: SING).  

SinglePoint Inc., the first-ever U.S.-listed Company on CBOE Global Markets BZX Exchange, is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and healthier life. For more information, visit the Company's website (www.singlepoint.com ) and connect on social media for the latest updates.

 

If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411 or reach out at Linkedin

 

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

 

The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Amazon, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, and most audio platforms available.

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for various sectors, including gaming, biotech, tech and sports. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

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: SING is a monthly paid featured renewable energy stock on Investorideas.com. More disclaimer info: More disclaimer and disclosure 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/ .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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Tuesday, January 16, 2024

Breaking Solar News - SinglePoint (CBOE: $SING) subsidiary Boston Solar Welcomes New President Michael Morlino; Provides Insight to 2024; @_Singlepoint_ @BostonSolarCo

Breaking Solar News - SinglePoint (CBOE: $SING) subsidiary Boston Solar Welcomes New President Michael Morlino; Provides Insight to 2024; @_Singlepoint_ @BostonSolarCo

 

  • Boston Solar Appoints New President Michael Morlino
  • Boston Solar Selected as First US Based EPC to Carry Energizer Solar Products
  • Boston Solar Awarded 100+ Home Federal Agency Solar Assessment and Engineering Project


 

BOSTON - January 16, 2024 (Investorideas.com Newswire) SinglePoint Inc. (CBOE:SING) ("SinglePoint" or "the Company") subsidiary Boston Solar a leading solar energy solutions provider in New England, is thrilled to announce the appointment of Michael Morlino as its new President. Morlino brings a wealth of experience and a proven track record of leadership and operational excellence to the company.

 

Read this news, featuring SING in full at https://www.investorideas.com/CO/SING/news/2024/01161President-Michael-Morlino.asp

 

 



 

Boston Solar - New England’s Number One Solar Installation firm

Mr. Morlino is a distinguished veteran who served 22 years in the United States Navy as a SEAL, including 15 years at the Naval Special Warfare Development Group. His military career is marked by an exemplary service record, showcasing his unparalleled leadership, strategic acumen, and a strong commitment to excellence. Morlino's exceptional skills in leading high-stakes operations and fostering teamwork in challenging environments are set to be invaluable assets to Boston Solar.

 

Morlino is academically accomplished, holding a BS in Business Administration from the University of Maryland Global Campus and an MBA from the Massachusetts Institute of Technology's Sloan School of Management. His educational background complements his extensive professional experience, equipping him with the knowledge and skills necessary to lead in the fast-paced and evolving solar industry.

 

Prior to joining Boston Solar, Morlino contributed significantly to Windjammer Capital Investors, managing operational improvement projects at Fecon, a Cincinnati-based heavy equipment manufacturer. His role in driving operational efficiencies and leading teams through complex projects has prepared him well for his new position at Boston Solar.

 

Upon his appointment, Morlino stated, "I am incredibly honored to be joining such a highly reputable company with deep experience in the Solar Industry and the New England market. I am eager to build on the company's impressive foundation and work collaboratively with the talented professionals here to drive growth, achieve operational excellence, and exceed our clients' expectations.

 

Boston Solar has recently announced two significant developments adding substantial support for 2024. Most recently Boston Solar announced the award of 100+ residential solar assessment and engineering project for a Federal Agency in Massachusetts, more details are expected to follow soon as the project progresses. Boston Solar has also been selected as the first US based EPC to provide and install Energizer Solar products starting with in home energy storage battery solutions.

 

With Morlino at the helm, Boston Solar is poised for a new chapter of growth and innovation. His leadership is expected to steer the company towards greater heights in the solar industry, reinforcing its commitment to providing top-tier solar energy solutions to its clients.

 

"These are extremely positive developments which set the stage for 2024. It has all been made possible by the exception performance and professionalism the team and Boston Solar has built. Mr. Guimaraes has built a growing, thriving business which over the past two years since acquisition has grown from $17-million to $24-million and a trailing 12 months of over $30-million. All of which has been done in a tough market environment.

These successes have set the stage for a stellar 2024 in which Mr. Morlino will continue to guide Boston Solar toward accelerated growth and operational profitability," comments Wil Ralston CEO SinglePoint.

 

Ralston continued, "We are excited to welcome Michael Morlino to the Boston Solar family. His remarkable leadership skills and operational knowledge will be instrumental in guiding our company into a bright and innovative future. We also take this opportunity to express our heartfelt gratitude to Mr. Guimaraes for the 13-year tenure building Boston Solar into the leading Massachusetts Solar EPC. His contributions and guidance, which have been pivotal in growth of Boston Solar, and we wish him the best in his next endeavors," commented Wil Ralston CEO SinglePoint.

 

About Boston Solar

Boston Solar is a subsidiary of SinglePoint Inc. (CBOE: SING) Since its founding in 2011, Boston Solar has installed more than 5,000 residential and commercial solar arrays, powering thousands of homes and businesses in New England, primarily in Massachusetts. The mission of Boston Solar is to provide superior clean energy products, exceptional customer service, and the highest-quality artistry in residential and commercial installations.

Boston Solar has accumulated several distinctions of recognition of the company's outstanding triumphs:

·        Honored with the 2020 Guildmaster Award from GuildQuality, the award acknowledged how Boston Solar demonstrated exceptional customer service within the residential construction industry.

·        Named a Top Solar Contractor by Solar Power World magazine for five consecutive years.

·        Applauded by the Boston Business Journal's "Largest Clean Energy Companies in Massachusetts" list.

 

Boston Solar is a Solar Energy Business Association of New England (SEBANE) member. The company is headquartered at 55 Sixth Road, Woburn, MA 01801. Learn more at: www.bostonsolar.us.

 

About SinglePoint Inc. (CBOE:SING)
SinglePoint is a sustainable solutions Company focused on the solar energy and storage and indoor air purification markets. The Company plans to build one of the largest renewable energy solutions networks and modernize the traditional solar energy and energy storage business model. SinglePoint continues to execute its acquisition strategy by exploring future growth opportunities in indoor air purification and ventilation, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and healthier life. For more information, visit the Company's website: www.singlepoint.com

 

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, besides statements of fact included in this release, including, without limitation, statements regarding revenue projections, financing opportunities, potential plans and objectives of the Company, anticipated growth, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

Technical and other complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Media Contact:
David Remillard, Director of Marketing & Residential Sales
info@bostonsolar.us

 

Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464

 

SinglePoint (CBOE:SING) is a featured cleantech stock on Investorideas.com

 

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

 

Get News Alerts on SinglePoint

 

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. Contact management and IR of each company directly regarding specific questions. Disclosure: SinglePoint (Cboe:SING) is a paid featured solar stock on Investorideas - news publication and content creation effective December 21,2023 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/

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Friday, January 12, 2024

Weekly Retail Stocks Roundup (Nasdaq: $CART) (Nasdaq: $WBUY) (NYSE: $BIRK)

Weekly Retail Stocks Roundup (Nasdaq: $CART) (Nasdaq: $WBUY) (NYSE: $BIRK)

 

New Stocks in Water, Entertainment, Agriculture, Health and Wellness, Food and Beverage, eSport (NYSE: $ZWS) (OTCPINK: $SONG) (Nasdaq: $DTCK) (Nasdaq: $ATPC) (Nasdaq: $MSS) (NYSE American: $DDC) (Nasdaq: $GPAK)

 



 

 

January 12, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces its weekly roundup of stocks to watch in Retail, Water, Entertainment, Agriculture, Health and Wellness, Food and Beverage and eSport. Today’s stocks have been added to our lists of stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2024/main/01121Stocks.asp

 

The newest retail companies include online retail and brick and mortar retail shops.

 

The latest water company is a water management business, while the newest entertainment company is a public performance rights organization (PRO).

 

The latest agriculture, health and wellness, food and beverage and eSport companies are all recent Nasdaq IPO’s (2023).

 

New Stocks Added to the Retail Directories:

Maplebear Inc. dba InstaCart (Nasdaq:CART) the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,400 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from more than 80,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes.

 

WEBUY GLOBAL LTD (Nasdaq:WBUY) is an innovative, technology-focused company with a goal of building the most trusted retail brand and advanced e-commerce platform in Southeast Asia, designed to leverage data in order to provide a community-driven experience for consumers.  The Company's unique 'group buy' business model is set to revolutionize traditional shopping practices, by offering substantial cost savings to customers through an efficient purchasing model and community-centric approach. Akin to group purchases and bulk orders, this approach simplifies the process for customers, eliminating the need for individual bulk purchases. Furthermore, the Company’s business model streamlines the traditional supply chain by minimizing the involvement of intermediaries, thereby offering a more direct "farm-to-table" supply model.  The Company’s vision is to enable the ten million families in Southeast Asia to live a healthier, higher-quality lifestyle

 

Birkenstock Holding plc (NYSE:BIRK) is the ultimate parent company of Birkenstock Group B.V. & Co. KG and its subsidiaries (the "Birkenstock Group"). BIRKENSTOCK is a global brand which embraces all consumers regardless of geography, gender, age and income and which is committed to a clear purpose - encouraging proper foot health. Deeply rooted in studies of the biomechanics of the human foot and backed by a family tradition of shoemaking that can be traced back to 1774, BIRKENSTOCK is a timeless «super brand» with a brand universe that transcends product categories and ranges from entry-level to luxury price points while addressing the growing need for a conscious and active lifestyle. Function, quality and tradition are the core values of the Zeitgeist brand which features products in the footwear, sleep systems and natural cosmetics segments. BIRKENSTOCK is the inventor of the footbed and has shaped the principle of walking as intended by nature ("Naturgewolltes Gehen").

 

New Stocks Added to the Water Directories:

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) Headquartered in Milwaukee, Wisconsin, Zurn Elkay Water Solutions is a growth-oriented, pure-play water management business that designs, procures, manufactures, and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, human safety and the environment. Our product portfolio includes professional grade water safety and control products, flow system products, hygienic and environmental products, and drinking water products for public and private spaces that deliver superior value to building owners, positively impact the environment and human hygiene and reduce product installation time.

 

New Stocks Added to the Entertainment Directories:

MusicMusic Licensing, Inc. (OTCPINK:SONG) also known as Pro Music Rights, is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as Artificial Intelligence (A.I.) Created.

 

New Stocks Added to the Agriculture Directories:

DAVIS COMMODITIES Ltd (Nasdaq:DTCK) is an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products in various markets, including Asia, Africa and the Middle East. The Company sources, markets, and distributes commodities under two main brands: Maxwill and Taffy, and exclusively distributes the Lin brand in Singapore. The Company also provides customers of its commodity offerings with complementary and ancillary services, such as warehouse handling and storage and logistics services.

 

New Stocks Added to the Health and Wellness Directories:

Agape ATP Corp (Nasdaq:ATPC) is a company primarily operating in ASEAN region that supplies wellness products and health solution advisory services, including supplements to assist in cell metabolism, detoxification, blood circulation, anti-aging and products designed to improve the overall health system of the human body.

 

New Stocks Added to the Food and Beverage Directories:

Maison Solutions Inc. (Nasdaq:MSS) is a fast-growing specialty grocery retailer offering traditional Asian food and merchandise to modern U.S. consumers, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles area, and has been operating them under the brand name HK Good Fortune.

 

DDC Enterprise Ltd (NYSE American:DDC) is a leading content-driven consumer brand offering easy, convenient ready-to-heat, ready-to-cook and ready-to-eat products. The company focuses on innovative and healthy meal solutions with a fast-growing omnichannel sales network in China and the U.S., and a through a strong online presence globally. The Company builds brand recognition through culinary and lifestyle content across major social media and e-commerce platforms.

 

New Stocks Added to the eSports Directories:

Gamer Pakistan Inc (Nasdaq:GPAK) is an esports event development and product marketing company that was founded in November 2021 to create college, inter-university and professional esports events for all genders in Pakistan. Gamer Pakistan believes it is rapidly becoming the premiere university esports partner for secondary education institutions in Pakistan. Gamer Pakistan creates the formats and events to provide a competitive environment in which to unearth and nurture budding esports talent at the collegiate level. Operations are conducted through its subsidiary, K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

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Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for various sectors, including gaming, biotech, tech and sports. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

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 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. 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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Wednesday, January 10, 2024

Investor alert-Defense Metals (TSXV: DEFN.V) (OTCQB: DFMTF) Reports commercialization efforts for North American rare earth element REE supply chain; @defensemetals

Investor alert-Defense Metals (TSXV: DEFN.V) (OTCQB: DFMTF) Reports commercialization efforts for North American rare earth element REE supply chain; @defensemetals

 

Vancouver, British Columbia – January 10, 2024: Breaking Rare earth metals news -Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN OTCQB:DFMTF/ 35D: FSE) is pleased to announce the Q4-2023 execution of a non-binding Memorandum of Understanding (“MOU”) with Ucore Rare Metals Inc. (TSXV: UCU) (“Ucore”) to explore collaborative opportunities as both companies move towards their respective commercialization efforts for a North American rare earth element (“REE”) supply chain. As one of the first projects under this MOU, Defense Metals will ship a mixed rare earth carbonate sample from its Wicheeda REE project to Ucore’s Kingston, Ontario, RapidSX™ Commercialization and Demonstration Facility (“CDF”).

 

Read this news, featuring DEFN in full at https://www.investorideas.com/CO/DEFN/news/2024/01101REE-Supply-Chain.asp

SGS Canada Inc. in Lakefield, Ontario, will ship the sample to Ucore’s CDF on behalf of Defense Metals. This sample was generated during 2023 hydrometallurgical piloting test work performed on concentrate produced by earlier flotation pilot plant testing of a 26-tonne bulk sample from Defense Metal’s wholly-owned Wicheeda REE project in British Columbia.

 

Craig Taylor, CEO of Defense Metals, commented:

 

We expect to ship a mixed rare earth carbonate sample in the next few weeks to Ucore's demonstration plant for testing. The Wicheeda project is being developed as a viable source of REE from North America and as more processing and separation facilities become operational in the future, the demand for REE feedstock will be increasingly important. This MOU with Ucore is a further step in that direction to be part of the Western world's REE supply chain.”

 

Pat Ryan, P.Eng., Chairman and CEO of Ucore, stated:

 

"The opportunity to align closer with Defense Metals is strategically important. The MOU lays out the framework wherein Defense Metals’ technically strong and readily accessible North American REE resource can be further processed and refined using Ucore's Canadian-founded technology, RapidSX™. Receiving the sample mixed rare earth carbonate at our Kingston CDF will start the process of determining what may be possible between the companies as we collectively look to fuel the 21st-century energy transition.”

 

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, and a consultant to the Company, who is a Qualified Person” as defined in NI 43-101. 

 

About the Wicheeda Rare Earth Element Project

Defense Metals’ 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Project is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. Wicheeda is readily accessible by all-weather gravel roads and is near infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

 

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 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 forwardlooking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, the expected shipment of the sample to Ucore and the expected timeline, the potential collaboration with Ucore, 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 Companys 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 Companys 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 Companys 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 forwardlooking statements or forwardlooking information, except as required by law.

 

All information in this news release concerning Ucore has been provided for inclusion herein by Ucore. Although the Company has no knowledge that would indicate that any information contained herein concerning Ucore is untrue or incomplete, the Company assumes no responsibility for the accuracy or completeness of any such information.

 

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