Tag: Wicheeda Rare Earth Element Project

Defense Metals Corp. Announces Private Placements for Aggregate Proceeds of $12.5 Million With Lead Order from RCF Opportunities Fund II L.P. of $6.6 Million

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Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce a non-brokered private placement financing (the “LIFE Offering“) of up to 22,367,977 Common Shares of the Company (“Common Shares“) at a price of $0.26 per Common Share, and a Concurrent Placement (as defined below) of up to 25,708,946 Common Shares at a price of $0.26 per Common Share, for aggregate gross proceeds of C$12.5 million (collectively, the “Offering“). As part of the Concurrent Placement, the Company has received a lead order from RCF Opportunities Fund II L.P. (“RCF“) for approximately C$6.6 million. John Robins, Strategic Advisor to the Company will also participate in the Offering. read more

Defense Metals Announces Commencement of Phase II Hydrometallurgical Pilot Plant Testing

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Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that further to the news release dated April 12, 2023, all assays for the hydrometallurgical pilot plant have been received and interpretation of the data is largely complete.  Data from Phase I have been used to optimize the design conditions for Phase II of the pilot plant. read more

Defense Metals Joins Discovery Group and Appoints a New Director

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Defence Metals

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. read more

Defense Metals Updates Wicheeda Canada Light Rare Earth Element Deposit Geological Model and Advances Toward Updated Mineral Resource Estimate and PFS

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Defence Metals

Figure 1: Wicheeda Deposit Updated Geological Model Showing PEA Mineral Resource Pit Shell (isometric view looking east) (CNW Group/Defense Metals Corp.)

Figure 1: Wicheeda Deposit Updated Geological Model Showing PEA Mineral Resource Pit Shell (isometric view looking east) (CNW Group/Defense Metals Corp.)

Defense Metals Corp. (“Defense Metals” or the “Company“; (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) is pleased to report its technical team has completed updates to the Wicheeda Rare Earth Element (REE) Deposit 3D geological model. The geological model and resource estimation domain update, which incorporates over 10,000 metres of additional drilling within 47 diamond drill holes completed during 2021 and 2022 following completion of the Wicheeda Deposit preliminary economic assessment (PEA), is preparatory to updating the Wicheeda Deposit mineral resource estimate (MRE) and is an essential input to the planned pre-feasibility study (PFS). read more

Defense Metals Reports Favourable Comminution Data for the Wicheeda Deposit

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Defence Metals

Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) is pleased to report favourable comminution results on multiple samples extracted from the Wicheeda deposit.  The data allows the design of the crushing and grinding plant that will be an integral part of the planned Wicheeda development. These data are essential inputs to the upcoming pre-feasibility study (PFS). read more

Defense Metals starts construction of Hydrometallurgical Pilot Plant with commissioning at SGS Lakefield scheduled for March 2023

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Defence Metals

Defense Metals Corp. (“Defense Metals” or the “Company“; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that construction of the hydrometallurgical pilot plant has started and commissioning is scheduled to start in the second half of March. read more

Defense Metals starts construction of Hydrometallurgical Pilot Plant with commissioning at SGS Lakefield scheduled for March 2023

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Defence Metals

Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that construction of the hydrometallurgical pilot plant has started and commissioning is scheduled to start in the second half of March. read more

Defense Metals Variability Flotation Tests Yield High Rare Earth Recoveries to High Grade Concentrates

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Defence Metals
Figure 1. Wicheeda REE Deposit Lithologies During Mine Life (CNW Group/Defense Metals Corp.)
Figure 1. Wicheeda REE Deposit Lithologies During Mine Life (CNW Group/Defense Metals Corp.)

Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) announces the completion of flotation tests on variability samples and a master composite (“Master Composite” or “MC”) prepared from drill core obtained from its 100% owned Wicheeda Rare Earth Element (REE) deposit located in British Columbia, Canada. read more

DEFENSE METALS CORP. CLOSES PRIVATE PLACEMENT

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Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) is pleased to announce that further to its news release on December 13, 2019, it has closed a non-brokered private placement of 6,615,000 units (each a “Unit”) for gross proceeds of $661,500 (the “Private Placement”). As previously disclosed, each Unit was priced at $0.10 and is comprised of one common share and one common share purchase warrant (“Warrant”). Each Warrant is exercisable to purchase one common share of the Company at a price of $0.20 per share for a period of 12 months from the date of closing the Private Placement. read more