#RareEarthElements #Stocks:
Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Comments on Recent CAN-US
Government #ElectricVehicle and Critical Minerals Collaboration Plans; @DefenseMetals
Vancouver, British Columbia – February 9, 2021-Investorideas.com Newswire - Mining/Metals/ Green Energy Stock News- Defense Metals
Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is
pleased with recent Canadian-US government integration plans regarding electric
vehicles and critical minerals such as Rare Earth Elements.
Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/02092DEFN-CAN-US-Collaboration.asp
Craig Taylor, CEO of
Defense Metals commented:
“As we continue to
advance the 1,708 hectare Wicheeda Rare Earth Elements deposit located near
Prince George, British Columbia, we are actively engaging with government
agencies and affiliated government groups. We expect 2021 to be a busy year for
the Company.”
For
further information on this North American industry development please read
this article: https://www.mining.com/web/trudeau-eyes-leaps-forward-in-integration-with-us-on-evs-critical-minerals/
About the Wicheeda
REE Property
The Wicheeda project has
indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light
Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes
averaging 2.90% LREO[1].
The 1,708 hectare
Wicheeda REE Property, located approximately 80 km northeast of the city of
Prince George, British Columbia, 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, P.Geo. (BC)
Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, 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 Corp. 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% of the 1,708 hectare
Wicheeda Rare Earth Element Property located near Prince George, British
Columbia, Canada. Defense Metals Corp.
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
further information, please contact:
Todd Hanas, Bluesky
Corporate Communications Ltd.
Vice President, Investor
Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
Cautionary
Statement Regarding “Forward-Looking” Information
This
news release contains “forward-looking information or statements” within the
meaning of applicable securities laws, which may include, without limitation,
statements relating to its plans for its Wicheeda Property, the advancement and
development of the Wicheeda Property, engaging with government agencies and
affiliated groups, the technical, financial and business prospects of the
Company, its project and other matters. All statements in this news release,
other than statements of historical facts, that address events or developments
that the Company expects to occur, are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the
forward-looking statements. Such statements and information are based on
numerous assumptions regarding present and future business strategies and the
environment in which the Company will operate in the future, including the
price of rare earth elements, the ability to achieve its goals, that general
business and economic conditions will not change in a material adverse manner,
that financing will be available if and when needed and on reasonable terms.
Such forward-looking information reflects the Company’s views with respect to
future events and is subject to risks, uncertainties and assumptions, including
those filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered
reasonable by the management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory uncertainties and
risks. Factors
that could cause actual results to differ materially from those in
forward-looking statements include, but are not limited to, continued
availability of capital and financing and general economic, market or business
conditions, adverse weather conditions, failure to maintain or obtain all
necessary government permits, approvals and authorizations, failure to maintain
community acceptance (including First Nations), decrease in the price of rare
earth elements, the impact of Covid-19 or other viruses and diseases on the
Company’s ability to operate increase in costs, litigation, and failure of
counterparties to perform their contractual obligations. The Company does not
undertake to update forward-looking statements or forward-looking information,
except as required by law.
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[1] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)
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