Defense Metals Receives Positive Results from Ucore Rare Metals Inc. on its Wicheeda Rare Earth Carbonate Sample
Defense Metals Corp. announces positive results from Ucore Rare Metals Inc. on testing a Wicheeda mixed rare earth carbonate sample. Ucore confirmed the material's suitability for commercial-scale processing with their RapidSX™ technology, heralding collaboration opportunities across North America for rare earth supply chain development.
Ucore Rare Metals Inc. confirmed the suitability of Defense Metals Corp.'s Wicheeda mixed rare earth carbonate sample for commercial-scale processing with their RapidSX™ technology.
Collaboration opportunities with Ucore across North America could help mitigate reliance on non-Western rare earth sources.
There is no negative information reported in the press release.
SGS Canada Inc. in
Mike Schrider, P.E., Vice President and Chief Operating Officer of Ucore, stated:
"Our testing of the MREC product was well-received confirmation that the Defense Metals' Wicheeda project is a source of material that can become a fundamental economic and technical component to Ucore's plan of developing multiple SMC's across
Craig Taylor, CEO of Defense Metals, commented:
"We are pleased that Ucore has concluded that our Wicheeda MREC material is well suited for their RapidSX™ technology and commercial-scale REE separation and oxide production plans. Our Wicheeda project is vital in mitigating North American reliance on non-Western rare earth sources, and we look forward to continued progress toward collaborative opportunities with processing partners and strategic partners, such as Ucore, across the developing North American rare earth supply chain."
Defense Metals Corp. is focused on the development of its
The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of
Defense Metals is a proud member of Discovery Group. For more information please visit: www.discoverygroup.ca.
For further information, please visit www.defensemetals.com or contact:
Alex Heath
Vice President, Corporate Development
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.
This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, the expectations and plans for the Wicheeda REE Project, continued progress toward collaborative opportunities with processing partners and strategic partners, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events 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.
FAQ
What are the companies involved in the announcement?
The companies involved in the announcement are Defense Metals Corp. and Ucore Rare Metals Inc.
What technology was used in the testing?
Ucore used their RapidSX™ technology in testing the Wicheeda mixed rare earth carbonate sample.
Where was the sample tested?
The sample was tested at Ucore's Kingston, Ontario, RapidSX™ Commercialization and Demonstration Facility.
What project is Ucore developing in Louisiana?
Ucore is developing the Louisiana Strategic Metals Complex project in Alexandria, Louisiana.
What role does the Wicheeda project play in North America's rare earth supply chain?
The Wicheeda project is vital in mitigating North American reliance on non-Western rare earth sources.
