DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE

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".
DEFN:TSX.V DFMTF:OTCQB 35D:FSE

Expert Comments:

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Mark Reichman, Noble Capital Markets

(1/25/23)
"Defense Metals Corp.'s recent results were from two exploration geotechnical core drill holes, one of which returned the best drill intercept, on a grade times width basis, of the entire 2022 drilling program. . .hole WI22-79 intersected an upper high-grade interval from surface assaying 3.66% total rare earth oxides (TREOs) over 138m and a lower interval grading 0.50% TREO over 43m."

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Mark Reichman, Noble Capital Markets

(1/18/23)
"Data from Defense Metals Corp.'s 2021 and 2022 drilling programs will be incorporated into a preliminary feasibility study, which is expected to be completed by Q4/23. In addition to significant potential to expand the resource and extend the mine life beyond 19 years, we expect grade enhancement and the meaningful conversion of Inferred to Indicated and potentially Measured resources."

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Mark Reichman, Noble Capital Markets

(11/23/22)
"Defense Metals Corp. announced a private placement, expected to close on or around Nov. 30, to raise gross proceeds of up to CA$6M to advance its wholly owned Wicheeda rare earth elements (REEs) project. . .the 2022 Wicheeda deposit resource infill drilling continues to yield high-grade REE intercepts from surface exceeding 3% total rare earth oxides."

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Mark Reichman, Noble Capital Markets

(10/27/22)
"Defense Metals Corp. completed resource delineation and pit geotechnical diamond drilling at Wicheeda for the 2022 exploration season. . .results to date from the 2022 drilling season have been outstanding and are expected to contribute greatly toward upgrading resource categories in support of the preliminary feasibility study."

Mark Reichman, Noble Capital Markets

(10/18/22)
"Approximately 70 flotation tests on samples of differing lithologies from Defense Metals Corp.'s Wicheeda deposit have been performed. Results have confirmed that conventional flotation from a range of lithologies and grades can produce high grade rare earths mineral concentrate at high recovery rates. . .high grade mineral concentrate containing more than 40% total rare earths oxides (TREO) at a recovery rate exceeding 80% has been produced from all fully tested dolomite carbonatite samples and a master composite containing all lithologies from material with a head grade of greater than 2% TREO."

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Mark Reichman, Noble Capital Markets

(10/12/22)
"We think Defense Metals Corp. is well positioned to benefit from growing demand for rare earths used in electric vehicle batteries, metal alloys and advanced technology applications; the 2022 drilling season has proven to be highly productive, and we are pleased with the positive results released thus far. We think the equity offers compelling capital appreciation potential with ample catalysts on the horizon to drive value, including the release of additional assay results."

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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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This Canadian explorer is working toward a preliminary feasibility study at its Wicheeda rare earth element deposit in British Columbia.
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More Expert Comments

Experts Following This Company

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Peter Epstein, CFA – Epstein Research
headshot of Michael Gray
Michael Gray, Analyst – Agentis Capital
headshot of Byron King
Byron King, Editor
headshot of Brien Lundin
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Clive Maund – CliveMaund.com
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Mark Reichman
Mark Reichman, Analyst, Natural Resources – Noble Capital Markets
Erik Wetterling – The Hedgeless Horseman

Company News 

1/24/2023 – Defense Metals announces best Rare Earth Assay Results of 2022 from Wicheeda Project Drilling, including 138 metres of 3.66% TREO

1/17/2023 – Defense Metals announces more Rare Earth Assay Results from Wicheeda Project Drilling, including 30 metres of 3.77% TREO

12/8/2022 – Defense Metals Closes Oversubscribed Private Placement of $6.1 Million

11/22/2022 – Defense Metals Drills 122 metres of 2.56% Total Rare Earth Oxide; Including 55 metres of 3.02% at Wicheeda; and Announces up to $6 Million Financing

11/15/2022 – Defense Metals Drills 221 metres of 2.14% Total Rare Earth Oxide; Including 111 metres of 3.52% at Wicheeda

10/11/2022 – Defense Metals Drills High-Grades at Wicheeda including 124 metres of 3.58% Total Rare Earth Oxide

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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
Q3
2022
Acquires 100% of Wicheeda rare-earth project, with potential to be a globally significant producer
Q3
2022
Q3
2022
Builds strong Technical Team
Q3
2022
Creates significant upside investment potential