Defense Metals Corp.

Expert Comments:

	Mark Reichman, Noble Capital Markets (9/23/22) "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."
Rare Earths Co. Reaches Important Milestone Before PFS (9/13/22) read more >
Rare Earths Explorer Enters Agreement With Native Group (9/12/22) 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. read more >
Mark Reichman, Noble Capital Markets (9/8/22) "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."
Rare Earths Explorer Looks to Challenge China (8/31/22) This Canadian explorer is working toward a preliminary feasibility study at its Wicheeda rare earth element deposit in British Columbia. read more >
'Compelling' PFS Expected for Rare Earth Project (8/12/22) read more >
Mark Reichman, Noble Capital Markets (8/10/22) "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."
Explorer Renews Rare Earths Campaign in BC (6/9/22) read more >
Mark Reichman, Noble Capital Markets (6/8/22) "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."
New Results Highlight Method for Greater REE Extraction (6/6/22) read more >
Mark Reichman, Noble Capital Markets (6/1/22) "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 (5/25/22) "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."

More Expert Comments

Clive Maund, CliveMaund.com (5/8/22) "Defense Metals Corp. is right down on support at its rising 200-day moving average with moving averages in bullish alignment and now light volume making a rally more likely."
	Mark Reichman, Noble Capital Markets (4/28/22) "All 29 holes of Defense Metals Corp.'s 5,349m diamond drill program completed during the fall of 2021 yielded positive results. . .resource definition drill holes WI21-58 and WI21-59 yielded two of the three highest grade and width intercepts of the 2021 drill campaign. WI21-58 averaged 3.09% total rare earth oxide (TREO) over 251m. . .WI21-59 returned 2.76% TREO over 212m."
Clive Maund, CliveMaund.com (4/17/22) "With Defense Metals Corp.'s funding in the rear view mirror and news of a later options deal, we could get more positive drilling results soon, as there haven't been any released for a while; this looks likely and it can be expected to trigger another upleg. . .this is considered to be a good time to buy or add to positions before the next upleg starts."
	Mark Reichman, Noble Capital Markets (4/6/22) "Defense Metals Corp. raised gross proceeds in the amount of $4.6M from the private placement. . .the proceeds will be used for the exploration and development of the company's Wicheeda rare earth element project. Defense Metals expects to commence a 5,300m infill drilling program in May 2022."
Mark Reichman, Noble Capital Markets (3/16/22) "We are initiating coverage on Defense Metals Corp. with an Outperform rating. . .the company is advancing its 100%-owned Wicheeda rare earth project. . .the project has several competitive advantages, including a mining friendly location, well-developed infrastructure and a strong technical team."
Clive Maund, CliveMaund.com (11/1/21) "It looks like Defense Metals Corp. stock is readying to break above the resistance into a new bull market. . . a sizeable tranche of warrant options expired over the weekend. . .with this overhang removed, the price will be freer to advance."
	Bob Moriarty, 321 Gold (9/27/21) "Defense Metals Corp. is a rare earths company with a $6B project that screams to be put into production. . .it also would be a giant move forward for the company to do some sort of option with any one of the dozen or so companies interested in U3O8 in the Athabasca basin. Defense Metals is higher now than when I first started writing about it, but it is still absurdly underpriced."
Carsten Mainitz, News Financial (4/29/21) A few days ago, Defense Metals Corp. announced it had successfully completed a 26 ton flotation pilot plant campaign; from this, 1,200 kg of high-grade rare earth element mineral concentrate was recovered. Once commenced and subject to the company securing sufficient funding, completion of the various staged pilot campaigns is expected to take approximately six months."
Clive Maund, CliveMaund.com (4/22/21) "Defense Metals Corp. hit bottom and since then, the company rallied a little more, then consolidated in narrow range and now looks ready to advance anew, especially as it is on the point of breaking out of the reaction downtrend that took the form of a bullish falling wedge. Rare earths are set to be in greater demand so the larger bull market in defense metals should resume with a new uptrend taking hold. . .this is a good point to buy back Defense Metals."
Erik Wetterling, The Hedgeless Horseman (1/28/21) "Defense Metals Corp. owns an advanced rare earth element project in British Columbia, Canada. . .the company is quite an intriguing story given the favorable demand trend as well as strategic shift going on."
Clive Maund, CliveMaund.com (1/24/21) "Defense Metals Corp. is a rare earths stock that broke out of a giant base/trading range to enter a powerful uptrend as recently as a month ago, and although it has already more than doubled since then, it looks like this major uptrend has much further to run. . .the company is therefore rated an Immediate Buy for another run similar to its first one."
Stefan Feuler, News Financial (1/7/21) "Politicians are desperately looking in Europe or North America for alternatives to rare earth metals production in China. Defense Metals Corp., a mineral explorer, is at the top of the list. . .research is underway at the Wicheeda project in the province of British Columbia. The company says mineral resources are 4.9 Mt at an average grade of 3.02% light rare earth metals (LREO) and Inferred mineral resources of 12.1 Mt at an average grade of 2.90% LREO."
Greg Nolan, Equity Guru (12/2/20) "Everything appears to be lining up for Defense Metals Corp.'s highly strategic Wicheeda rare earth element (REE) deposit. . .the metallurgy looks good, great actually. . .and the underlying fundamentals supporting firmer REE prices really couldn't be better."
News Financial (10/12/20) "Defense Metals Corp. has an option to acquire 100% of the 1,708-hectare Wicheeda rare earth element property. . .the company just last week strengthened its management team and appointed Andrew Leland as its strategic advisor. He has been with Lockheed Martin as a systems engineer since 2017."

Experts Following This Company

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

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