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Media Alert; (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - BYD (OTC: $BYDDF), Defense
Metals, Plug Power (NASDAQ: $PLUG) - China First! @DefenseMetals
Vancouver,
British Columbia – April 15, 2021 - Investorideas.com Newswire –Media alert for
Defense Metals Corp. ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D). The company was
featured in the following article: BYD, DEFENSE METALS, PLUG POWER - CHINA
FIRST!
Read this news,
featuring DEFN in full at https://www.investorideas.com/news/2021/mining/04151DEFN-China-First.asp
BYD, DEFENSE METALS,
PLUG POWER - CHINA FIRST!
https://news.financial/comments/byd-defense-metals-plug-power-china-first
Excerpt
Cars
are to run on electricity, trucks are to be powered by hydrogen, and in the
future, wind turbines, solar panels and hydroelectric power plants will
generate the electricity. All well and good, but beware, dear climate
activists, wind, solar energy and electromobility require mineral raw materials
that also leave an ecological footprint when they are extracted. These raw
materials are not produced in our country, but almost 80% in China. Due to the
Middle Kingdom's demand and the ongoing trade war, the Western world is
threatened by a shortage of resources, which endangers the well-intentioned but
poorly prepared energy transition.
ENORMOUS DEPENDENCE
China
is the world's largest market for electric cars. Domestic demand continues to
grow tremendously. Chinese electric carmakers BYD (OTC: BYDDF)
, Nio ( NYSE: NIO)
, Xpeng ( NYSE: XPEV)
and Li Auto all achieved triple-digit growth rates in the electric car segment
last year. Now, the government issued a new directive last month, further
tightening regulation on the production of rare earth metals. The goal, it
said, is to develop and preserve these resources to meet rising domestic demand
and protect the strategic resource amid intensifying global competition. Rare
earth metals, also known as "industrial gold," are a group of 17
chemical elements that find their applications in medicine, renewable energy,
permanent magnets in electric motors, or batteries in cell phones or laptops.
The raw materials are also extremely important for the defense industry.
SHARPER TONE
BETWEEN CHINA AND THE USA
The
trade war that got underway under the Trump administration continues under new
President Joe Biden. China set up export controls on rare earth metals to slow
the production of US fighter jets. Likewise, a blacklist is to be created,
listing primarily defense companies such as Lockheed Martin, Boeing and
Raytheon, which are supplying arms to Taiwan. The US alone invested about USD
1.2 trillion in defense last year. To ensure a secure supply chain for rare
earth metals outside of China, the US, Japan, Australia, and India want to work
together. However, as there are currently few rare earth metal projects
ex-China, dependence on the existing supply chain is likely to remain for the
next 10 years.
FEW EXISTING
ALTERNATIVES
While
projects are increasingly being launched in Australia and the US, the number of
companies already underway is scarce. One of the most promising projects is
being run by Canadian mineral explorer Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D), focusing on its
1,708-hectare Wicheeda rare earths project near Prince George in British
Columbia. According to company data, mineral resources there are 4.9 million
tons at an average grade of 3.02% LREO (light rare earth metals) and inferred
mineral resources of 12.1 million tons at an average grade of 2.90% LREO.
Within four years, the resources and consequently the value of the deposit have
almost doubled. The project offers outstanding infrastructure and stands out
with low pilot and drilling costs.
CONSISTENTLY GOOD
NEWS FLOW
For
weeks, Defense Metals ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) has been shining with
consistently good news. In early March, very positive results were reported in
hydrometallurgical tests with flotation concentrating in advance of the pilot
study with a high impurity precipitation rate with minimal loss of rare earths.
The next objective is to complete the hydrometallurgical pilot plant. A
drilling program to further upgrade and increase the deposit's size is also
scheduled to begin in the third quarter.
Earlier
this week, management announced that two of the world's leading companies
involved in smelting and separating rare earth elements (SEE) had requested
samples of SEE mineral concentrate from Wicheeda for testing. Craig Taylor, CEO
of Defense Metals, confirms the growing international demand for easily
accessible, high-quality, North American SEE products. The Company currently
has a market capitalization of only EUR 16.48 million. The market has not yet
recognized the potential of this Company.
END OF THE
CORRECTION?
It
smells like bottoming out for Chinese automaker BYD (OTC: BYDDF).
The support line at around EUR 18.0 was successfully tested several times. A
breakout above the EUR 19.60 mark would give the chart some room to move
upwards again. The next price target then lies at around EUR 22.0. On the
fundamental side, BYD could announce the start of production of the SkyRail
passenger transport system to construct a monorail line in the Brazilian region
of Bahia. SkyRail is designed to connect communities while boosting the economy
and tourism in the Brazilian state of Bahia.
WORSE THREATENS TO
COME
The
important support level of USD 30 has been breached. The trigger was a critical
statement by an analyst from Morgan Stanley on Monday. Thus, the price target
was set at USD 35 and the rating at "equal weight." Much of the
expected growth is already included in the price, said the expert. In chart
terms, should the price continue to deflate today in the course of trading, the
200-day line at currently USD 27.70 is a glimmer of hope. Otherwise, a crash
towards USD 20 could take place. Due to the oversold condition, we see a
speculative trading opportunity against the trend in the short term.
Author
The
native Franconian has more than 20 years of stock exchange experience and a
broadly diversified network. He is passionate about analyzing a wide variety of
business models and investigating new trends.
CONFLICT OF
INTEREST & RISK NOTE
In
accordance with §34b WpHG we would like to point out that Apaton Finance GmbH
as well as partners, authors or employees of Apaton Finance GmbH may hold long
or short positions in the aforementioned companies and that there may therefore
be a conflict of interest. Apaton Finance GmbH may have a paid contractual
relationship with the company, which is reported on in the context of the
Apaton Finance GmbH Internet offer as well as in the social media, on partner
sites or in e-mail messages. Further details can be found in our Conflict of
Interest & Risk Disclosure.
About Defense
Metals Corp. https://defensemetals.com/
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
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 finding partnerships,
securing potential offtake agreements, and other business opportunities, 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. 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 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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