DEFENSE METALS CORP - DFMTF STOCK NEWS

Defense Metals Corp. (OTCQB: DFMTF) announced it has received requests for Wicheeda REE mineral concentrate samples from two top global REE smelting enterprises. This marks the third and fourth requests the company has received, reinforcing its potential for future offtake agreements. The Wicheeda property boasts indicated resources of 4,890,000 tonnes at 3.02% LREO and inferred resources of 12,100,000 tonnes at 2.90% LREO. The increasing interest from international refiners highlights the growing demand for high-quality, North American REE products.

Defense Metals Corp. (OTCQB: DFMTF) has engaged SRK Consulting to perform an economic scenario analysis for the Wicheeda Rare Earth Element (REE) Project in British Columbia. The project has indicated resources of 4.89 million tonnes at 3.02% LREO and inferred resources of 12.1 million tonnes at 2.90% LREO. This analysis will drive the forthcoming Preliminary Economic Assessment (PEA) by evaluating mine development scenarios and associated costs. The company aims to leverage SRK's expertise in REE for the assessment, which will inform the project's economic feasibility.

Defense Metals Corp. (OTCQB: DFMTF) announced that Welsbach Holdings has received requests from two third-party Rare Earth Element (REE) processors for samples of high-grade REE mineral concentrate from its Wicheeda project. This interest marks a significant advance towards potential initial memorandums of understanding and offtake agreements. The Wicheeda property 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 company is preparing export permits to ship samples internationally.

Defense Metals Corp. (OTCQB: DFMTF) has been invited by the U.S Embassy in Ottawa to participate in the 2021 SelectUSA Investment Summit from June 7-11, 2021. The company is advancing the Wicheeda REE Property, which holds indicated mineral resources of 4.89 million tonnes at 3.02% LREO. CEO Craig Taylor aims to engage with U.S. investors and economic developers to enhance U.S. growth strategies. Additionally, Defense Metals has engaged Xander Capital Partners for consulting services at a cost of US$150,000. This collaboration seeks to bolster the company's marketing and investment outreach.

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.

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.

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.

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.

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.