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Defense Metals Corp
Symbol DEFN
Shares Issued 58,808,889
Close 2021-02-05 C$ 0.36
Recent Sedar Documents

Defense Metals cheers government plans for EV minerals

2021-02-08 10:10 ET - News Release

Mr. Craig Taylor reports

DEFENSE METALS COMMENTS ON RECENT CANADIAN-US GOVERNMENT ELECTRIC VEHICLE AND CRITICAL MINERALS COLLABORATION PLANS

Defense Metals Corp. is pleased with recent Canadian-U.S. government integration plans regarding electric vehicles and critical minerals such as rare earth elements.

Craig Taylor, chief executive officer of Defense Metals, commented: "As we continue to advance the 1,708-hectare Wicheeda rare earth elements deposit located near Prince George, B.C., we are actively engaging with government agencies and affiliated government groups. We expect 2021 to be a busy year for the company."

About the Wicheeda REE property

The Wicheeda project has indicated mineral resources of 4.89 million tonnes averaging 3.02 per cent light rare earth elements and inferred mineral resources of 12.1 million tonnes averaging 2.90 per cent LREO.

The 1,708-hectare Wicheeda REE property, located approximately 80 kilometres northeast of the city of Prince George, B.C., is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

Geologically, the property is situated in the Foreland belt and within the Rocky Mountain trench, a major continental geologic feature. The Foreland belt contains part of a large alkaline igneous province, stretching from the Canadian cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE) and Wicheeda (REE) deposits.

Qualified person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE property has been reviewed and approved by Kristopher J. Raffle, PGeo (BC), principal and consultant of APEX Geoscience Ltd. of Edmonton, Alta., a director of Defense Metals and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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, military, national security and the production of green energy technologies, such as high-strength alloys and rare earth magnets. Defense Metals has an option to acquire 100 per cent of the 1,708-hectare Wicheeda rare earth element property located near Prince George, B.C., Canada. Defense Metals 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.

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