#RareMetals News: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)
FOUNDING MEMBER OF CANADIAN CRITICAL MINERALS AND MATERIALS ALLIANCE; @DefenseMetals
Vancouver,
BC, January 20, 2021 - Investorideas.com Newswire - Mining/Metals/
Green Energy Stock News Defense
Metals Corp. (“Defense Metals”)
(TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is
pleased to announce its support as a Founding
Member of the recently launched Canadian
Critical Minerals and Materials Alliance (C2M2A). Defense Metals and nine other C2M2A founders reflect a broad knowledge
base across the suite of critical material supply chains; including current
& prospective producers and processors, commercial & national
laboratories, academia and innovation hubs, and engineering & business
experts.
Read this news,
featuring DEFN in full at https://www.investorideas.com/news/2021/mining/01201Defense-Metals-C2M2A.asp
Defense
Metals support of the C2M2A initiative, representing a clear industry voice to
guide Government of Canada policy towards establishing Canadian-based critical
material supply chains, will greatly benefit the advancement of its 1,708
hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property (“Wicheeda”) located near Prince George,
British Columbia (BC). 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].
Launched on January 14, 2021 the Canadian Critical Minerals and Materials Alliance
is an industry association aimed at
advancing resilient critical materials supply chains for Canada’s cleantech
economy. The launch of C2M2A builds on the
earlier establishment of the
Canadian Rare
Earth
Elements Network (CREEN) in 2013 and its success in building awareness on
the growing importance of rare earth elements.
Recent geopolitical developments have underscored the importance of the
critical materials supply
chains necessary for clean energy, electric vehicles, communications, medical and
aerospace applications. A coordinated supply chain
consortium, which represents both upstream and
downstream critical materials producers (e.g., rare earth elements, lithium, cobalt, graphite and
others) will help
support policymakers and industry players implement strategies that will enable full
Canadian participation in the
sector.
Other
international jurisdictions including the European Union, Japan, the
United States and Australia have
already made announcements on their critical materials strategy. Alliance members
agree that it is time
for
Canada to step up and
move
forward with its
own strategy. Canada is well
positioned to implement its vision for a clean energy future because of its enormous critical minerals resource wealth;
however, the country must implement a strategy to use
this wealth to establish the
downstream processing capacity to create the refined materials needed in electric vehicle and
battery technologies.
Recent announcements by the
federal government with
Ford
Motors and General Motors on their plans
to establish more electric vehicle manufacturing capacity in Canada confirm Canada’s commitment to a low-carbon future. C2M2A will help
support further investments in this
rapidly advancing sector of the
economy, particularly in outlining the
effort and costs to build value-
creating materials chains in Canada.
Craig Taylor, CEO comments:
“With the support of the C2M2A
initiative Defense Metals continues to establish itself as one of the industry
leaders in the advancing Canadian-based critical material supply
chains. As North America and the world move toward widespread adoption of
electric vehicles and other green technologies there will be upward demand
pressure on critical REE magnet-metals, principally NdPr. Defense Metals is
well-positioned to meet demand for North American-sourced critical REE’s with
one of the highest-grade road accessible deposits, with potential to reduce the
political and strategic risk of current reliance on Chinese REE sources.”
About C2M2A
C2M2A is a non-profit, independent organization with a mission to foster and
enhance Canada’s role as a leader in the production of critical materials manufacturing in support of the global
transition to a low-carbon, clean-growth economy. By focusing on rapidly advancing the establishment of economic critical materials production and
manufacturing capacity, Canada will
grow its economy, compete globally and continue to protect the
environment. C2M2A will enable stakeholders around the country to collaborate on shared priorities while respecting each jurisdiction’s needs
and plans, including the
need
to ensure the continued competitiveness and
viability of businesses. For
more information, please visit www.C2M2A.org.
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 visit https://defensemetals.com/
or 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 the Company’s plans for its
Wicheeda project, XRT study and the expected benefits and results therefrom,
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 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)
