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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. (DEFN) completes Phase 2 open pit diamond core and sonic infrastructure geotechnical drilling program. The company also commissioned a 503 line-km airborne magnetic and radiometric survey over a 45 square-km area of the Wicheeda Project. The ongoing Wicheeda Project preliminary feasibility study (PFS) is on target for completion at the end of Q2 2024.
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Defense Metals Corp. has filed the detailed Technical Report of its updated Mineral Resource Estimate for its Wicheeda Rare Earth Element deposit in British Columbia. The report shows a significant upgrade in Measured and Indicated Mineral Resources, with a 17% increase in Total Rare Earth Oxide (TREO) on a contained metal basis. The 2023 MRE is based on an updated geological model that incorporates additional drillhole data.
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Defense Metals Corp. has shipped samples of mixed rare earth oxide and mixed rare earth carbonate to interested parties on behalf of the Company. The samples are being distributed to major processors, refiners, and metals traders in Europe, Asia, and North America to independently verify the high-quality of REE products from the Wicheeda deposit. This establishes Wicheeda as an important, future North American source of rare earths. Defense Metals also announces its attendance at the 19th International Rare Earths Conference.
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Defense Metals Corp. reports positive results from recent comminution and beneficiation test work conducted by SGS Canada Inc. The tests show that the Wicheeda feedstock can produce a rare earth flotation product with similar or better recoveries and grades to top producers globally. The project has favorable conditions for success.
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Defense Metals Corp. has commenced Phase 2 of infrastructure and open pit geotechnical drilling for its Wicheeda Rare Earth Element (REE) Project. The work is expected to be complete within 4 to 6 weeks. The company aims to complete a preliminary feasibility study (PFS) by the end of Q2 2024. The drilling includes sonic overburden characterization and diamond core drilling. This work has the potential to expand resources and provide critical inputs for the PFS study.
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Defense Metals Corp. (DEFN) announces an updated Mineral Resource Estimate for its Wicheeda Rare Earth Element (REE) deposit in British Columbia, Canada. The 2023 MRE includes 6.4 million tonnes Measured Resource, 27.8 million tonnes Indicated Resource, and 11.1 million tonnes Inferred Resource, with a significant upgrade of 101% conversion to Measured and Indicated categories from the 2021 MRE.
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Defense Metals Corp. has identified new anomalies in its Wicheeda Rare Earth Element deposit in Canada. The anomalies may represent previously unknown mineralized carbonatite within the current mineral resource pit shells. The company plans to drill test these anomalies and expand its pit geotechnical drilling program.
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Defense Metals Corp. provides a progress update on its 2023 site infrastructure geotechnical investigations for its Wicheeda Rare Earth Element Project. The investigations are being conducted by SRK Consulting and include geotechnical engineering, tailings alternative assessment, and geochemical characterization. To date, 13 excavated test pits and 4 sonic overburden geotechnical holes have been completed. SRK has also commenced a tailings alternatives assessment. The company's Wicheeda REE Project has a robust after-tax net present value of $517 million and an 18% internal rate of return.
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Defense Metals Corp. (DEFN) engages Hatch Ltd. and SRK Consulting for a preliminary feasibility study on its Wicheeda Rare Earth Element (REE) Project. The study will focus on REE concentrating, hydrometallurgical processes, and plant facilities, as well as environmental studies, permitting, and social impact scope. SRK will lead the NI 43-101 PFS report and focus on resource estimation, geotechnical engineering, mining engineering, and economic analysis.
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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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225.65M
13.28%
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