InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Defense Metals Corp. (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) Delivers Positive PEA for Wicheeda REE Project
November 24, 2021

InvestorNewsBreaks – Defense Metals Corp. (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) Delivers Positive PEA for Wicheeda REE Project

Defense Metals Corp. (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) today announced the results of its Preliminary Economic Assessment (“PEA”) and updated mineral resource estimate for the development of its British Columbia, Canada-based Wicheeda Rare Earth Element (“REE”) deposit. According to the update, SRK Consulting Inc. (Canada) prepared the PEA, which has an effective date of Nov. 21, 2021. A technical report relating to the PEA will be filed on SEDAR within 45 days of the news release. “We are pleased to have delivered a positive PEA for the Wicheeda REE Project that has the potential to be one of the top REE projects in the world,” said Craig Taylor, CEO of Defense Metals. “We chose SRK due to its world-class experience and reputation in the mining industry and in particular its ability to assemble a team with highly specialized knowledge of rare earth elements projects. The results of the PEA reveal the Wicheeda Project demonstrates robust economics and relatively low initial CAPEX via a staged development scenario that provides the flexibility to capitalize on forecast REE demand pressure.”

To view the full press release, visit https://ibn.fm/hX3Zm

About Defense Metals Corp.

Defense Metals is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals has an option to acquire 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. The company trades in Canada under the symbol DEFN on the TSX Venture Exchange, in the United States, under DFMTF on the OTCQB, and in Germany on the Frankfurt Exchange under 35D. For more information about the company, visit www.DefenseMetals.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).