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 Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Rare Earths Co. Working With Leading Corp. Finance Firm

Defense Metals Corp. announced it has appointed a leading London corporate finance advisory boutique to review the strategic financing of its wholly owned Wicheeda rare earth element (REE) project in British Columbia. One analyst says the company could become a major global producer of the critical elements.

Canadian Co. Challenging China Sends Out Rare Earth Samples

This company announced it has sent rare earth element (REE) samples to two major REE companies, just as one expert says there may be an opening for Western companies to compete in the space with China.

Rare Earths Project Yields CA$4.20 per Share NAV, Experts Say

Research Report
Defense Metals Corp. has a CA$4.25 NAV per share, according to an Agentis Capital report.

PFS on Rare Earths Project in B.C. Due Out in Q2/24

Research Report
With this asset, the company could become "a globally significant supplier" of these critical metals, noted a Noble Capital Markets report.

Rare Earth Co. on Track for Important Feasibility Study in Q2

Defense Metals Corp. announced that the preliminary feasibility study (PFS) for its Wicheeda rare earth elements (REE) project in British Columbia is on track. Find out why one technical analyst rated the stock an Immediate Strong Buy.

Is This Rare Earth Stock Undervalued?

Contributed Opinion
Technical Analyst Clive Maund takes a look at Defense Metals Corp.'s 5-year, 15-month, 4-month, and 2-month charts to explain why he believes it is an Immediate Speculative Buy.

More Articles

Expert Comments:

Paradigm Capital

"We continue to like Defense Metals Corp. as one of few North American rare earth plays, and the company is our Top Pick in the space for H2/24 for its quality of assets and strategic value. . .it is on track to release a prefeasibility study in H2/24. . .Defense Metals continues to gain momentum."

"A 26 ton sample of mixed rare earth carbonate from Defense Metals Corp.'s Wicheeda mine was deemed by Ucore to be suitable for processing on a commercial scale. . .the sample was tested at Ucore's RapidSX commercialization and demonstration facility."

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"Defense Metals Corp. appointed HCF International Advisers, a London-based corporate financial advisory firm, to conduct a strategic funding review for the company's Wicheeda rare earth elements project. The review will help Defense Metals analyze and evaluate potential funding and strategic partnership options associated with the development of the Wicheeda project post completion of its preliminary feasibility study."

Mark Reichman, Noble Capital Markets

"Defense Metals Ltd.'s Wicheeda is well-positioned to take a leading role in the North American and global rare earth element supply chain. . .for all of the interest in rare earths, we are surprised that the company trades at its current valuation, especially when one considers the Wicheeda project's significant advantages, project improvements and derisking during the last several years."

Mark Reichman, Noble Capital Markets

"Defense Metals Corp.'s Wicheeda rare earth element project has several competitive advantages, including a mining friendly location, an existing mineral resource with significant expansion potential, an open pit project with favorable metallurgy and well-developed nearby infrastructure, and a strong technical team. We think the codesign agreement with the McLeod Lake Indian Band represents a significant step forward in advancing the Wicheeda project."

"Defense Metals Corp. has entered into a co-design agreement with the McLeod Lake Indian Band regarding development of the company's 100%-owned Wicheeda rare earth element (REE) project. . .the McLeod Lake band has also agreed to participate in a nonbrokered private placement by purchasing approximately 2.6M common shares of Defense Metals for CA$0.26/share for a total of CA$665,026."

More Expert Comments

Experts Following This Company

David Davidson – Paradigm Capital
headshot of Michael Gray
Michael Gray, Analyst – Agentis Capital
Clive Maund –
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Mark Reichman
Mark Reichman, Analyst, Natural Resources – Noble Capital Markets

Company News 

7/10/2024 – Rare Earth Breaking News - Defense Metals' Wicheeda Rare Earth Element Project considered as key by the Government of British Columbia

7/10/2024 – Defense Metals' Wicheeda Rare Earth Element Project considered as key by the Government of British Columbia

4/29/2024 – Defense Metals Receives Positive Results from Ucore Rare Metals Inc. on its Wicheeda Rare Earth Carbonate Sample

Important Disclosures
Defense Metals Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

streetwise book logoStreetwise - Defense Metals Corp. Ownership Overview*

Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE)

*Share Structure as of 1/18/2024
Investing Highlights
High-Quality Asset 100% owned Wicheeda rare-earth project, with potential to be a globally significant producer
Completed PEA1 –Advancing to PFS with Pilot Plant expected completion in 2Q23 Targeting about 10% of current global REE production with a US$367 million after-tax NPV8%
Strategic Location Project accessible by road, with proximity to rail and power infrastructure, and access to a major deep-sea port
Technically Strong Project Open pit project with favorable metallurgy
catalyst Calendar
Optimization and scale up of floatation and hydromet pilot plants
Complete pre-feasibility study