Defense Metals Announces Release Date of its Wicheeda Rare Earth Element Project PFS
Defense Metals has announced that the Pre-feasibility Study (PFS) for its Wicheeda Rare Earth Element Project will be released during the week of February 10, 2025. The full PFS report, compliant with National Instrument 43-101 standards, will be filed within 45 days of the initial announcement.
The study is being prepared by Hatch , with contributions from SRK Consulting and other experts. Price projections for the mixed rare earth carbonate have been provided by Argus Media. The company owns 100% of the Wicheeda Project, which aims to support the growing demand for critical minerals in the green energy transition.
Defense Metals ha annunciato che lo Studio di Pre-fattibilità (PFS) per il suo Progetto di Elementi Rari Wicheeda sarà rilasciato durante la settimana del 10 febbraio 2025. Il rapporto completo del PFS, conforme agli standard del National Instrument 43-101, sarà presentato entro 45 giorni dall'annuncio iniziale.
Lo studio è in fase di preparazione da parte di Hatch, con contributi da SRK Consulting e altri esperti. Le proiezioni di prezzo per il carbonato raro misto sono state fornite da Argus Media. L'azienda possiede il 100% del Progetto Wicheeda, che mira a supportare la crescente domanda di minerali critici nella transizione verso l'energia verde.
Defense Metals ha anunciado que el Estudio de Prefactibilidad (PFS) para su Proyecto de Elementos Raros Wicheeda se publicará durante la semana del 10 de febrero de 2025. El informe completo del PFS, que cumple con los estándares del National Instrument 43-101, se presentará dentro de 45 días a partir del anuncio inicial.
El estudio está siendo preparado por Hatch, con contribuciones de SRK Consulting y otros expertos. Las proyecciones de precios para el carbonato de tierras raras mixto han sido proporcionadas por Argus Media. La empresa posee el 100% del Proyecto Wicheeda, que tiene como objetivo apoyar la creciente demanda de minerales críticos en la transición hacia la energía verde.
Defense Metals는 Wicheeda 희토류 프로젝트의 사전 타당성 조사(PFS)가 2025년 2월 10일 주 중에 발표될 것이라고 알려왔습니다. National Instrument 43-101 기준에 부합하는 전체 PFS 보고서는 초기 발표 이후 45일 이내에 제출될 예정입니다.
이 연구는 Hatch에 의해 준비되고 있으며, SRK Consulting 및 기타 전문가들이 기여하고 있습니다. 혼합 희토류 탄산염의 가격 예측은 Argus Media에 의해 제공되었습니다. 이 회사는 Wicheeda 프로젝트의 100%를 소유하고 있으며, 이는 지속 가능한 에너지 전환에 필요한 핵심 광물의 증가하는 수요를 지원하는 것을 목표로 하고 있습니다.
Defense Metals a annoncé que l'Étude de Pré-faisabilité (PFS) pour son Projet d'Éléments Terres Rares Wicheeda sera publiée au cours de la semaine du 10 février 2025. Le rapport complet du PFS, conforme aux normes de l'instrument national 43-101, sera soumis dans les 45 jours suivant l'annonce initiale.
L'étude est préparée par Hatch, avec des contributions de SRK Consulting et d'autres experts. Les prévisions de prix pour le carbonate de terres rares mélangé ont été fournies par Argus Media. L'entreprise possède 100 % du Projet Wicheeda, qui vise à soutenir la demande croissante de minéraux critiques dans la transition vers l'énergie verte.
Defense Metals hat angekündigt, dass die Machbarkeitsstudie (PFS) für sein Wicheeda Seltenen Erden Projekt in der Woche vom 10. Februar 2025 veröffentlicht wird. Der vollständige PFS-Bericht, der den Standards des National Instrument 43-101 entspricht, wird innerhalb von 45 Tagen nach der ursprünglichen Ankündigung eingereicht.
Die Studie wird von Hatch vorbereitet, mit Beiträgen von SRK Consulting und anderen Experten. Preisprognosen für das gemischte Seltenen Erden-Karbonat wurden von Argus Media bereitgestellt. Das Unternehmen besitzt 100 % des Wicheeda-Projekts, das darauf abzielt, die wachsende Nachfrage nach kritischen Mineralien im Übergang zu erneuerbarer Energie zu unterstützen.
- Company owns 100% of the Wicheeda Rare Earth Element Project
- PFS is being prepared by globally recognized firms including Hatch and SRK Consulting
- Price projections are being provided by respected authority Argus Media
- None.
The PFS is being prepared by Hatch Ltd., a globally recognized engineering and consulting firm, with contributions from SRK Consulting and other leading experts. Price projections for the mixed rare earth carbonate expected to be produced have been provided by Argus Media, a respected authority in the rare earths market.
Mr. Guy de Selliers, Executive Chair of Defense Metals, commented:
"I am enthusiastic about the release of the PFS which marks a pivotal milestone in advancing the Wicheeda Rare Earth Element Project. This study, initiated nearly a year ago, reflects the efforts of a world-class team, including Hatch, SRK, and other recognized experts. We are confident that the PFS will serve as a solid foundation, guiding us in the next steps in the development of our Wicheeda project."
Defense Metals remains committed to advancing its
About Defense Metals Corp. and its Wicheeda Rare Earth Element Project
Defense Metals Corp. is focused on the development of its
The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of
For further information, please visit www.defensemetals.com or contact:
Alex Heath
Senior Vice President, Corporate Development & Interim CFO
Tel: +1 604-354-2491
Email: alex@defensemetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, any statements (expressed or implied) relating to: advancing the Wicheeda Project, the use of net proceeds from the Private Placement, final TSXV approval of the Private Placement, the technical, financial and business prospects of the Company, its project and other matters. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. All statements in this news release, other than statements of historical facts, that address events, contribution or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+ (www.sedarplus.ca). While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain or obtain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical, engineering and pricing assumptions, decrease in the price of rare earth elements, the impact of viruses and diseases on the Company's ability to operate, restriction on labour and international travel and supply chains, loss of key employees, consultants, officers or directors, increase in costs, delayed results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.
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SOURCE Defense Metals Corp.
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