Defense Metals Files NI 43-101 Pre-Feasibility Study Technical Report for Wicheeda Project
Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) has filed a Pre-Feasibility Study (PFS) technical report for its 100% owned Wicheeda Rare Earth Element Deposit near Prince George, British Columbia. The report, effective February 28, 2025, expands the evaluation from four key elements (Nd, Pr, Dy, Tb) to all rare earth elements present in the final mixed rare earth carbonate product.
The updated technical and financial outcomes show changes within 3.5% of the previous February 18, 2025 announcement, deemed non-material. The project has received strong support from both the McLeod Lake Indian Band and BC's Minister of Mining and Critical Minerals, highlighting its potential as a significant global supplier of rare earth elements.
The comprehensive report, prepared in accordance with NI 43-101 standards, is now available on SEDAR+ and the company's website. Additionally, the company announced the resignation of Interim CFO Alex Heath, with Ryan Cheung stepping in temporarily until a replacement is appointed.
Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) ha presentato un rapporto tecnico per uno Studio di Prefattibilità (PFS) relativo al suo deposito di Elementi Terre Rare Wicheeda, di proprietà al 100%, situato vicino a Prince George, Columbia Britannica. Il rapporto, efficace dal 28 febbraio 2025, amplia la valutazione da quattro elementi chiave (Nd, Pr, Dy, Tb) a tutti gli elementi delle terre rare presenti nel prodotto finale di carbonato misto di terre rare.
Le nuove risultanze tecniche e finanziarie mostrano variazioni entro il 3,5% rispetto all'annuncio precedente del 18 febbraio 2025, considerate non materiali. Il progetto ha ricevuto un forte sostegno sia dalla McLeod Lake Indian Band che dal Ministro delle Miniere e dei Minerali Critici della Columbia Britannica, evidenziando il suo potenziale come fornitore globale significativo di elementi delle terre rare.
Il rapporto completo, redatto in conformità agli standard NI 43-101, è ora disponibile su SEDAR+ e sul sito web dell'azienda. Inoltre, l'azienda ha annunciato le dimissioni del CFO ad interim Alex Heath, con Ryan Cheung che assumerà temporaneamente il ruolo fino alla nomina di un sostituto.
Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) ha presentado un informe técnico para un Estudio de Prefactibilidad (PFS) relacionado con su depósito de Elementos de Tierras Raras Wicheeda, de propiedad al 100%, ubicado cerca de Prince George, Columbia Británica. El informe, efectivo a partir del 28 de febrero de 2025, amplía la evaluación de cuatro elementos clave (Nd, Pr, Dy, Tb) a todos los elementos de tierras raras presentes en el producto final de carbonato mixto de tierras raras.
Los resultados técnicos y financieros actualizados muestran cambios dentro del 3.5% del anuncio anterior del 18 de febrero de 2025, considerados no materiales. El proyecto ha recibido un fuerte apoyo tanto de la Banda India de McLeod Lake como del Ministro de Minería y Minerales Críticos de BC, destacando su potencial como un importante proveedor global de elementos de tierras raras.
El informe completo, preparado de acuerdo con los estándares NI 43-101, ya está disponible en SEDAR+ y en el sitio web de la empresa. Además, la empresa anunció la renuncia del CFO interino Alex Heath, con Ryan Cheung asumiendo temporalmente hasta que se designe un reemplazo.
Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF)는 브리티시컬럼비아주 프린스 조지 근처에 위치한 100% 소유의 위체다 희토류 원소 매장지에 대한 사전 타당성 조사(PFS) 기술 보고서를 제출했습니다. 이 보고서는 2025년 2월 28일 기준으로, 네 가지 주요 원소(Nd, Pr, Dy, Tb)에서 최종 혼합 희토류 탄산염 제품에 포함된 모든 희토류 원소로 평가 범위를 확장합니다.
업데이트된 기술 및 재무 결과는 2025년 2월 18일 발표된 이전 결과와 비교해 3.5% 이내의 변화를 보여주며, 이는 중요하지 않은 것으로 간주됩니다. 이 프로젝트는 맥클라우드 호수 인디언 밴드와 BC주 광물 및 중요 자원 장관으로부터 강력한 지원을 받아, 희토류 원소의 중요한 글로벌 공급자로서의 잠재력을 강조하고 있습니다.
NI 43-101 기준에 따라 준비된 포괄적인 보고서는 현재 SEDAR+ 및 회사 웹사이트에서 확인할 수 있습니다. 또한, 회사는 임시 CFO인 알렉스 히스의 사임을 발표했으며, 라이언 청이 후임이 임명될 때까지 임시로 역할을 맡을 것입니다.
Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) a déposé un rapport technique pour une Étude de Pré-Faisabilité (PFS) concernant son dépôt de Terres Rares Wicheeda, entièrement détenu, situé près de Prince George, en Colombie-Britannique. Le rapport, en vigueur à partir du 28 février 2025, élargit l'évaluation de quatre éléments clés (Nd, Pr, Dy, Tb) à tous les éléments des terres rares présents dans le produit final de carbonate mixte de terres rares.
Les résultats techniques et financiers mis à jour montrent des changements de moins de 3,5 % par rapport à l'annonce précédente du 18 février 2025, jugés non significatifs. Le projet a reçu un fort soutien à la fois de la bande indienne de McLeod Lake et du ministre des Mines et des Minéraux Critiques de la Colombie-Britannique, soulignant son potentiel en tant que fournisseur mondial significatif d'éléments des terres rares.
Le rapport complet, préparé conformément aux normes NI 43-101, est désormais disponible sur SEDAR+ et sur le site Web de l'entreprise. De plus, l'entreprise a annoncé la démission de son CFO par intérim, Alex Heath, Ryan Cheung prenant temporairement la relève jusqu'à ce qu'un remplaçant soit nommé.
Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) hat einen technischen Bericht für eine Machbarkeitsstudie (PFS) zu seinem 100% im Eigentum befindlichen Wicheeda Seltene Erden Lagerstätte in der Nähe von Prince George, British Columbia, eingereicht. Der Bericht, der ab dem 28. Februar 2025 gültig ist, erweitert die Bewertung von vier Schlüsselelementen (Nd, Pr, Dy, Tb) auf alle in dem endgültigen gemischten Seltene Erden Carbonatprodukt enthaltenen Seltenen Erden.
Die aktualisierten technischen und finanziellen Ergebnisse zeigen Änderungen von weniger als 3,5 % im Vergleich zur vorherigen Ankündigung vom 18. Februar 2025, die als nicht wesentlich erachtet wird. Das Projekt hat starke Unterstützung sowohl von der McLeod Lake Indian Band als auch vom Minister für Bergbau und kritische Mineralien von BC erhalten, was sein Potenzial als bedeutender globaler Anbieter von Seltenen Erden hervorhebt.
Der umfassende Bericht, der gemäß den NI 43-101 Standards erstellt wurde, ist jetzt auf SEDAR+ und der Website des Unternehmens verfügbar. Darüber hinaus gab das Unternehmen die Rücktritt von Interim CFO Alex Heath bekannt, wobei Ryan Cheung vorübergehend die Rolle übernimmt, bis ein Nachfolger ernannt wird.
- 100% ownership of Wicheeda Rare Earth Element Deposit
- Strong support from local Indigenous community (McLeod Lake Indian Band)
- Government backing from BC Minister of Mining
- Expanded evaluation to include all rare earth elements in final product
- Departure of Interim CFO and SVP Corporate Development
- Temporary CFO arrangement pending permanent replacement
The potential of the Wicheeda rare earth element deposit to drive regional prosperity and contribute to global supply chains is underscored by comments from Chief Harley Chingee and Honourable Minister Jagrup Brar.
Chief Harley Chingee of the McLeod Lake Indian Band commented:
"The positive economic outcomes from the Pre-Feasibility Study of the Wicheeda Project affirm our position and established commitment to supporting its success. We look forward to continued collaboration with Defense Metals as we move forward together, creating long-term economic opportunities and sustainable benefits for the McLeod Lake Indian Band and contributing to the prosperity of the wider regional economy."
BC Minister of Mining and Critical Minerals, Honourable Jagrup Brar, added:
"The Government of
The Report, prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), supports the findings disclosed in the Company's February 18, 2025 news release titled "Defense Metals – Robust Economics from Wicheeda Rare Earth Deposit PFS." Since that news release, the rare earth elements evaluated in the Report, expanded from the four key elements, Nd, Pr, Dy and Tb, to all those present at in the final mixed rare earth carbonate product. The resulting changes in mineral resources and mineral reserves and financial outcomes are within
The complete Report has been filed on SEDAR+ and is also available on the Company's website at (www.defensemetals.com). The Report can also be viewed on SEDAR+ within the Company's profile at www.sedarplus.ca. We encourage readers to review the Report in its entirety, including all assumptions, risks, exclusions, and qualifications as individual sections may not fully convey the necessary context.
Mark Tory, President and CEO of Defense Metals remarked;
"The detail and quality of the Report is due to the work of renowned global experts Hatch and SRK and supporting group of consultants. I would like to thank them all for the time and effort that has been put into this comprehensive Report."
The Company's Interim CFO and SVP Corporate Development, Alex Heath, has resigned from his role to pursue other opportunities. Defense would like to thank Alex for his contributions and wish him every success in his future endeavours. Ryan Cheung (previous CFO of the Company) will act as CFO until a replacement is appointed.
About Defense Metals Corp. and its Wicheeda REE Deposit
Defense Metals Corp. is advancing its wholly-owned 11,800-hectare (~29,158-acre) Wicheeda Project situated on the traditional territory of the McLeod Lake Indian Band in
The Wicheeda Project, approximately 80 kilometres (~50 miles) northeast of the city of
For further information, please visit www.defensemetals.com or contact:
Mark Tory
President and CEO
Tel: +1 604-445-8179
Email: mark@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 Pre-Feasibility Study (PFS) technical report for the Wicheeda 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/defense-metals-files-ni-43-101-pre-feasibility-study-technical-report-for-wicheeda-project-302421709.html
SOURCE Defense Metals Corp.
FAQ
What are the key findings of Defense Metals' (DFMTF) Wicheeda PFS report filed in April 2025?
Where is the Wicheeda Rare Earth Element Deposit located and who owns it?
How can investors access Defense Metals' (DFMTF) PFS technical report?
What leadership changes occurred at Defense Metals (DFMTF) in April 2025?
