DEFENSE METALS CORP - DFMTF STOCK NEWS

Defense Metals has appointed Suzanne Rich Folsom to its Board of Directors. Folsom is a seasoned director and former executive at Philip Morris International and U.S. Steel Her career spans roles at ACADEMI, AIG, and the World Bank. She brings vast expertise in business strategy, governance, risk management, and public policy. The Company also announced the resignation of Andrew Burgess from the Board, thanking him for his service since 2019. Moreover, Defense Metals expects to release its preliminary feasibility study (PFS) for the Wicheeda Rare Earth Element project in H2-2024, with the NI 43-101 Technical Report to follow within 45 days.

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.

Defense Metals Corp. appoints Mr. Guy de Selliers de Moranville as a new director to the Board of Directors and grants stock options. Mr. de Selliers brings extensive finance experience and industry knowledge to the company. The appointment aims to enhance corporate governance and project development at Defense Metals.

Defense Metals Corp. appoints HCF International Advisers for strategic funding review of Wicheeda Rare Earth Element Project in British Columbia. The review aims to analyze funding options and partnerships post Preliminary Feasibility Study in Q2 2024.

Defense Metals Corp. announces the successful shipment of high-quality rare earth samples to major companies, solidifying the Wicheeda REE Project as a crucial North American rare earth source. CEO Craig Taylor highlights key project characteristics and the company's vision for establishing North American REE supply chains. Defense Metals will be present at the PDAC Convention in Toronto.

Defense Metals Corp. provides an update on metallurgical work programs and Preliminary Feasibility Study for its Wicheeda Rare Earth Element Project. Metallurgical test work resulted in a high-grade mineral concentrate with 50% TREO and an 80% recovery rate. The planned acid bake process is expected to deliver 90% TREO extraction. The PFS plant flowsheets are completed, and economic evaluation is in progress. Defense Metals has drilled 58 core holes, resulting in a 260% increase in resources. Total project expenditures exceed CAD $17.5 million. A Co-Design Agreement with McLeod Lake Indian Band has been established.

The McLeod Lake Indian Band and Defense Metals Corp. have announced a strategic Equity Partnership and Co-Design Agreement, solidifying their joint commitment to the successful advancement of the Wicheeda Project, a rare earth elements (REE) project in central British Columbia. The partnership involves MLIB purchasing a meaningful equity stake in Defense Metals, showcasing their long-term commitment to the project's success. The Co-Design Agreement emphasizes a joint planning approach, empowering MLIB to play an integral part in the design and decision-making process in the technical, social, engineering, and environmental aspects of the Wicheeda Project. The collaboration aims to contribute to the clean energy transition in British Columbia, with the potential to become a significant supplier of rare earth elements, equivalent to approximately 10% of current global production. The partnership has been praised by the Minister of Energy, Mines and Low Carbon Innovation for its role in advancing reconciliation and shaping BC's natural resources future.

Defense Metals Corp. (DEFN) signs MOU with Ucore Rare Metals Inc. (UCU) to explore collaborative opportunities for a North American rare earth element supply chain.

Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) has completed all infrastructure geotechnical field data collection for its 100% owned Wicheeda Rare Earth Element Project in Canada. The company expects to finish the preliminary feasibility study in Q2 2024. The geotechnical work was completed by SRK Consulting (Canada) Inc. with the support of APEX Geoscience Ltd.