We’re just coming up to speed on Defence Metals (V.DEFN) a rare earth explorer with a highly prospective property in the Prince George British Columbia region.
However, Greg Nolan at the invaluable Equity Guru site has an excellent backgrounder on Defence Metals:
“The fundamentals are beginning to stack up here.
The company has the REE grades it needs, they’ve demonstrated good metallurgy (the ability to separate the valuable metals from the surrounding host rock to produce a high-grade concentrate), and now there are clear indications that the resource at Wicheeda will see an upward revision once all the assays are tabled.
A revised resource estimate is due in Q1 of 2020, btw.”
Worth reading the whole thing here.
Rare Earths are critical to the modern, electronic, economy. At the moment, the vast majority of rare earth metals are produced in China and China is not a stable, reliable, source of supply. A North American rare earth supply would be immensely valuable and would find buyers in the military supply chain.
Defence Metals is just the sort of company motherlodetv.net likes – it has a tiny market cap, just over 3 million with only 30 million shares outstanding – and looks to be at the beginning of a news cycle with results, assays and a revised resource estimate in early 2020.