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DEFENSE METALS CORP - DFMTF STOCK NEWS

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Defense Metals Corp. (DFMTF) is a mineral exploration and development company focusing on the Wicheeda Rare Earth Element Deposit in British Columbia. The company recently signed collaboration agreements with Ucore Rare Metals Inc. and the McLeod Lake Indian Band, securing equity partnerships and codesign alignments for the Wicheeda Project. Defense Metals aims to be a vital contributor to North American rare earth element supply chain, emphasizing clean energy transitions and collaborative project development with First Nations.

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Defense Metals Corp. has released results from an X-Ray Transmission (XRT) amenability study on the Wicheeda Rare Earth Element property, confirming the potential for low-cost upgrading of REE minerals. The study shows that XRT technology can enhance REE mineral content from approximately 11% to 25%. With indicated resources of 4.89 million tonnes averaging 3.02% LREO and inferred resources of 12.1 million tonnes averaging 2.90% LREO, this development signifies potential cost efficiencies in the mineral processing stage and improved downstream benefits.

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Defense Metals Corp. (OTCQB: DFMTF) announced successful pre-pilot hydrometallurgical test results from its Wicheeda REE Property. The pilot plant produced a concentrate with an average of 7.4% NdPr oxide. Significant improvements include increasing manganese rejection from ~40% to ~85% with minimal REE loss (~1%) and enhancing concentrate weight reduction over 20%. The property holds indicated resources of 4.89 million tonnes at 3.02% LREO and inferred resources of 12.1 million tonnes at 2.90% LREO. The ongoing optimization aims to reduce acid consumption in the hydrometallurgical process.

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Defense Metals Corp. announced successful completion of quarterly stream flow measurements and water quality sampling at its Wicheeda Rare Earth Element property, located 80 km northeast of Prince George, BC. Despite challenging ice conditions, environmental monitoring was completed as part of a two-year baseline program. The Wicheeda project has indicated resources of 4.89 million tonnes averaging 3.02% LREO and inferred resources of 12.1 million tonnes averaging 2.90% LREO. The company plans to continue advancing the project with future economic modeling and a PEA in 2021.

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Defense Metals Corp. announced significant advancements in hydrometallurgical testing for its Wicheeda REE Property, achieving 97.3% extraction of rare earth elements from flotation concentrate. The tests improved REE recovery from 91.5% and simplified the processing flowsheet by removing the re-grind step. With indicated resources of 4.89 million tonnes averaging 3.02% LREO, the project showcases strong potential. CEO Craig Taylor emphasized that these improvements enhance process control, de-risking future operations and contributing to the design flexibility of commercial-scale plants.

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Defense Metals Corp. has engaged Welsbach Holdings Pte Ltd. to enhance awareness and commercial negotiations for its Wicheeda Rare Earth Element (REE) Property located 80 km northeast of Prince George, British Columbia. The project boasts indicated mineral resources of 4.89 million tonnes with an average of 3.02% LREO. Welsbach will leverage its network in the Asia-Pacific region and beyond to facilitate supply chain agreements. The focus is on negotiating binding commercial REE offtake agreements to advance the project's potential.

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Defense Metals Corp. is optimistic about the recent Canadian-US collaboration on electric vehicles and critical minerals, particularly Rare Earth Elements (REE). CEO Craig Taylor highlighted ongoing engagement with government agencies regarding the Wicheeda REE Property, which spans 1,708 hectares near Prince George, British Columbia. The property boasts indicated resources of 4.89 million tonnes at 3.02% LREO and inferred resources of 12.1 million tonnes at 2.90% LREO. The company anticipates a busy year ahead, reinforcing its strategic positioning in the market.

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Defense Metals Corp. has appointed Andrew Leland as a Strategic Advisor, effective immediately. Leland, with a background as a Systems Engineer at Lockheed Martin, is expected to leverage his expertise to secure partnerships and offtake agreements for the company. He served in the U.S. Army and has extensive experience in the defense sector. The company’s Wicheeda REE project holds indicated resources of 4.89 million tonnes at 3.02% LREO. The appointment comes at a critical time as demand for Rare Earth Elements grows, highlighting the need for secure supply chains.

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Defense Metals Corp. has announced the successful completion of flotation pilot plant processing for its Wicheeda Rare Earth Element property, confirming its laboratory processes at pilot scale. The project has an indicated resource of 4.89 million tonnes at 3.02% LREO. The pilot results indicated a recovery rate of 77.3%, producing 1,200 kg of high-grade REE concentrate with a TREO grade of 51.6%. The company is exploring further enhancements for cost savings in processing and aims to advance towards hydrometallurgical pilot trials.

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Defense Metals Corp. (OTCQB: DFMTF) announced the submission of a technical paper on the Wicheeda Rare Earth Element (REE) Deposit to the COM2020 conference. The Wicheeda Deposit hosts indicated resources of 4,890,000 tonnes at 3.02% LREO and inferred resources of 12,100,000 tonnes at 2.90% LREO. The paper details a successful test program yielding high-grade concentrates up to 54% TREO with an overall REE extraction rate of 78%. Additionally, Defense Metals has engaged Electrik Dojo LLC for $60,000 to enhance investor relations and market awareness, and granted stock options for 550,000 shares at $0.20 each.

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FAQ

What is the current stock price of DEFENSE METALS (DFMTF)?

The current stock price of DEFENSE METALS (DFMTF) is $0.0961 as of December 20, 2024.

What is the market cap of DEFENSE METALS (DFMTF)?

The market cap of DEFENSE METALS (DFMTF) is approximately 19.5M.

What is Defense Metals Corp. (DFMTF) primarily focused on?

Defense Metals Corp. specializes in mineral exploration and development, with a primary focus on the Wicheeda Rare Earth Element Deposit in British Columbia.

What recent collaborations has Defense Metals Corp. engaged in?

Defense Metals Corp. recently signed collaboration agreements with Ucore Rare Metals Inc. and the McLeod Lake Indian Band, establishing equity partnerships and codesign alignments for the Wicheeda Project.

How does Defense Metals Corp. aim to contribute to the rare earth element supply chain?

Defense Metals Corp. aims to be a significant contributor to the North American rare earth element supply chain, emphasizing clean energy transitions and collaborative project development with First Nations.

DEFENSE METALS CORP

OTC:DFMTF

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19.52M
225.65M
13.28%
0.69%
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