Defense Metals Corp.

Defense Metals Corp. is an advanced 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 market, 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 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".

Expert Comments:

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Mark Reichman, Noble Capital Markets

"Hole WI22-64 from Defense Metals Corp.'s Wicheeda project returned a broad mineralized intercept of high-grade dolomite carbonate in the upper portions of the hole and mixed mineralized xenolithic dolomite carbonate and syenite at depth averaging 1.78% total rare earth oxide (TREO) over 192m, including 3.13% TREO over 73m. . .hole WI22-62 collared 120m to the north of WI22-64 and intersected a 109m interval of mineralized dolomite carbonatite returning 1.39% TREO over 167m, including 2.29% TREO over 48m."

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Defense Metals Corp., which hopes to compete with China in the production of vital rare earth elements, has entered into an agreement with the McLeod Lake Indian Band in British Columbia.
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Mark Reichman, Noble Capital Markets

"Defense Metals Corp. entered into a mineral exploration agreement with the McLeod Lake Indian Band that addresses the interests of both parties with respect to mineral exploration activities at the company's Wicheeda rare earth element project. The agreement provides a framework for communication and cooperation going forward, which we think promotes cooperative collaboration and further derisks the project."

This Canadian explorer is working toward a preliminary feasibility study at its Wicheeda rare earth element deposit in British Columbia.
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Mark Reichman, Noble Capital Markets

"Defense Metals Corp. announced the completion of its 2022 resource infill and exploration diamond drilling program. . .along with data from the 5,349m 2021 diamond drill program, results from the 2022 drilling program will be incorporated into a preliminary feasibility study (PFS) to be released during H1/23. . .the Wicheeda rare earth project is shaping up nicely, and progress to date bodes well for a compelling PFS."

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Mark Reichman, Noble Capital Markets

"Defense Metals Corp. has commenced diamond drilling at its Wicheeda rare earth element deposit and expects to complete up to 5,000m of drilling to delineate existing resources and test near deposit exploration targets. . .results will be incorporated, along with results from the 2021 drill program, into a preliminary feasibility study to be released during H1/23."

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Mark Reichman, Noble Capital Markets

"Defense Metals Corp.'s initial test work supports using the acid bake process at the Wicheeda rare earth element (REE) project based on improved REE extraction and the potential for lower Wicheeda project capital and operating costs. . .preliminary results show that the acid bake process is more efficient, yielding greater than 95% recovery of neodymium and praseodymium from flotation concentrate into a leach solution."

Mark Reichman, Noble Capital Markets

"Defense Metals Corp. expects to commence a 5,300m drilling program shortly to expand and upgrade resources at the Wicheeda rare earth element project, which will be incorporated, along with results from the 2021 drill program, into a preliminary feasibility study (PFS) to be released during H1/23. The program will also include geotechnical and hydrological drilling to support PFS-level mine planning studies."

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Experts Following This Company

Ray Chan, Newsletter writer
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Gerardo Del Real, Newsletter writer – Resource Stock Digest
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Peter Epstein, CFA – Epstein Research
Mario Hose, Newsletter writer
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Byron King, Editor
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Thibaut Lepouttre, Editor Caesars Report
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Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Clive Maund –
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Bob Moriarty, Author – 321 Gold
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Mark Reichman, Analyst, Natural Resources – Noble Capital Markets
Erik Wetterling – The Hedgeless Horseman

Company News 

9/22/2022 – Defense Metals Corp. Initial Drilling Results Yield 1.78% Over 192 Metres Total Rare Earth Oxide at Wicheeda; Including 3.13% Over 73 Metres

9/7/2022 – Defense Metals Signs Mineral Exploration Agreement with McLeod Lake Indian Band

8/9/2022 – Defense Metals Diamond Drilling Update - Infill and Exploration Drilling Complete And Pit Slope Geotechnical Drilling Underway

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
Current Neodymium and Praseodymium spot prices are at least 50% higher than the prices used in the D
Potential to be a globally significant producer- `10% of the Global Current Production
Significant upside to current spot and forecast REE demand pressure -Defense Metals owns a100% of th
catalyst Calendar
Acquires 100% of Wicheeda rare-earth project, with potential to be a globally significant producer
Builds strong Technical Team
Creates significant upside investment potential