Defense Metals Joins Discovery Group and Appoints a New Director
Defense Metals Corp. (“Defense Metals” or the “Company”; TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) announces that Defense Metals has joined the Vancouver-based Discovery Group led by Mr. John Robins and Mr. Jim Paterson. In addition, Mr. Dale Wallster has been appointed to the Company’s board of directors. John Robins, Co-Founder and Principal of Discovery Group commented: “We are excited to welcome Defense Metals into Discovery Group. In my opinion, Defense represents a world-class opportunity in the rare earth / critical metals space. Viewed as being one of the highest grade deposits globally, and led by a strong management and technical team, Defense has all the attributes we look for in a Discovery Group company. The addition of Defense to our roster of companies, will round out the Discovery Group portfolio and will elevate the exposure of all our member companies, as we continue to educate and inform shareholders about market opportunities that exist with high quality junior mining explorers.” Craig Taylor, CEO of Defense Metals commented: “We are pleased to welcome Dale Wallster to the Board. He brings a wealth of mineral exploration and capital markets experience to Defense Metals and we look forward to working with him as we continue to advance the Wicheeda Rare Earth Elements project. The Company is also pleased to have joined Discovery Group, an alliance of public companies focused on the advancement of mineral exploration and mining projects with a proven track record of generating shareholder value. We look forward to a close working relationship with the team at Discovery Group.” Dale Wallster is a prospector and geologist with over 40 years’ experience in North American mineral deposit exploration. As President and founder of Roughrider Uranium Corp., which was acquired by Hathor Exploration Limited in 2006, Dale and his team are widely credited for the discovery of Hathor’s Roughrider deposit. In January of 2012 Rio Tinto plc acquired Hathor for CAD$650 million. Mr. Wallster commented: “In the recent explosion of strategic, geopolitical and investment interest in North American Critical Minerals, rare earth element companies represent the “Rodney Dangerfield” of the class; they are getting “no respect”. Given their importance in the electrification of the world I expect this to change soon and Defense Metals, with its Wicheeda Project pre-feasibility study expected in 2024, is leading the pack.
