#CryptoCorner #Podcast 790: #Stocks discussed: (TSXV: $CBIT.V) (NasdaqCM: $DGHI)

 

 

 

#CryptoCorner #Podcast 790: #Stocks discussed: (TSXV: $CBIT.V) (NasdaqCM: $DGHI)

 

President Biden to Sign Executive Order for Digital Assets, Cathedra Bitcoin Publishes Shareholder Letter, and Digihost Shares February Production Results

 

Vancouver, Kelowna, Delta, BC March 9, 2022 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

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https://www.investorideas.com/Audio/Podcasts/2022/030922-CryptoMarket.mp3

 

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Stocks discussed: (TSXV:CBIT) (NasdaqCM:DGHI)

 

An official statement from the White House today indicates that US President Joe Biden will be signing an executive order today to ensure the “responsible development of digital assets.” Coverage of the order from Cointelegraph points out that:

 

Despite fears that the order may resound a regulatory clampdown on the industry, the language of the document is fairly favorable, the key focus being the coordination and consolidation of various agencies’ efforts within a unified national policy.

 

In response to this news, the crypto market is very green today – in terms of cryptocurrencies and crypto stocks. Data from CoinMarketCap indicates that Bitcoin (BTC), for instance, is up over seven percent in the last 24 hours and is trading for roughly $42,000 USD at press time.

 

Apart from combating potential risks in the digital asset space, the executive order also encourages the Federal Reserve to explore the development of a central bank digital currency (CBDC).

 

Cathedra Bitcoin Inc. (TSXV:CBIT) has published its management’s 2021 annual shareholder letter, discussing energy markets, the monetary system, Bitcoin and central bank digital currencies, as well as the company’s plans. An excerpt reads:

 

Accumulating a formidable war chest of bitcoin on our corporate balance sheet is a priority for us. If one believes, as we do, that the next global monetary order will be built with Bitcoin at its center, then those companies with the largest bitcoin treasuries will thrive. We will continue to hold as much of our mined bitcoin as possible and may even supplement our mining activities with opportunistic bitcoin purchases on occasion.

 

At time of writing, Cathedra has 187 PH/s of hash rate active, and another 534 PH/s of hash rate contracted via purchases of mining machines we expect to be delivered from April through December of this year. Since we replaced the prior management team in September, we have grown Cathedra’s contracted hash rate by more than 300%. And we’re just getting started.

 

Digihost Technology Inc. (NasdaqCM:DGHI) has shared its unaudited Bitcoin production results for the month ended February 28, 2022. Highlights include the mining of around 50.85 BTC in the month, an increase of 45 percent over February 2021. The company’s CEO, Michel Amar, said:

 

“At the end of February and into the first week of March, Digihost continued to execute on its strategy of increasing the Company’s operating capacity by deploying new miners and expanding our hashrate by 20% to approximately 500PH. The Company anticipates further expansion of computing power in the months ahead as all Bitcoin miners received to-date, plus those in transit, are deployed. We are very pleased with the 45% increase in the number of Bitcoins mined in February compared to the same month in 2021 as Digihost continues to expand its operations while being almost completely carbon neutral.”

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

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Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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#ExploringMining #Podcast 254 – News from (ASX:NCM) (NYSE: $PVG) (NYSE: $AA) (NYSE: $KGC) (NYSEAmerican: $MMX)

 

#ExploringMining #Podcast 254 – News from (ASX:NCM) (NYSE: $PVG) (NYSE: $AA) (NYSE: $KGC) (NYSEAmerican: $MMX)         

 

Vancouver, Kelowna, Delta, BC, March 9, 2022 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/030922-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2022/exploring-mining/03091PVG-AA-KGC-MMX.asp

 

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Newcrest Mining Limited (ASX:NCM) has completed the acquisition of Pretium Resources Inc. (NYSE:PVG), owner of the Brucejack mine in British Columbia, Canada. Following on from this, Pretium will be delisted from the New York Stock Exchange and Toronto Stock Exchange. Sandeep Biswas, CEO of Newcrest, commented:

 

“We are very excited to add Brucejack to Newcrest's portfolio, which now includes exposure to six Tier 1 assets. Through this acquisition and the continued development of our outstanding organic growth pipeline, Newcrest's base case gold production is expected to remain strong until at least 2030, and we have a range of further upside opportunities being progressed across the portfolio. This production profile is also expected to drive a major reduction in All-In Sustaining Costs, which makes Newcrest unique in the industry."

 

Alcoa Corporation (NYSE:AA) has announced the completion of an energy infrastructure project at its Deschambault aluminum smelter in Quebec, Canada. This is a capital project aimed at improving stability, increasing efficiency, and boosting production at the site. John Slaven, Alcoa’s Executive Vice President and COO, said:

 

"Through continuous improvement, we have been able to economically increase the capabilities of many of our assets, and this capital project at Deschambault should help us meet the strong demand we’re seeing for sustainably produced aluminum. We appreciate the dedication of our employees and the strong support from our stakeholders, including the investment from the Government of Canada."

 

Kinross Gold Corporation (NYSE:KGC) has poured the first gold bar at its La Coipa project in Chile. At the end of last year, the company increased La Coipa’s expected life of mine production by 45 percent to roughly 1 million gold equivalent ounces, and also signed a power purchase agreement late last year to supply the project with 100 percent renewable power. Kinross’s President and CEO, J. Paul Rollinson, said:

 

“Our team has safely delivered the project on schedule and under budget despite the challenging operating environment caused by the global pandemic over the past two years. With La Coipa expected to reach full operating capacity by mid-year, we are on the cusp of further exciting milestones at the project.”

 

Maverix Metals Inc. (NYSEAmerican:MMX) has acquired a package of three royalties on gold projects in Nevada from “an indirect, wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP for a $5 million cash payment.” The company’s CEO, Dan O'Flaherty, said:

 

"This royalty package fits Maverix's strategy perfectly. The properties have excellent exploration and development potential for gold in a great jurisdiction while, uniquely, providing immediate cash flow via advance royalty payments while the projects continue to be advanced."

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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The #AIEye #Podcast: GBT’s (OTCPINK: $GTCH) CTO Discusses #AI in #Fintech Space and Company’s New Patent Application for “Financial Manager” #artificialintelligence

 

 

The #AIEye #Podcast: GBT’s (OTCPINK: $GTCH) CTO Discusses #AI in #Fintech Space and Company’s New Patent Application for “Financial Manager” #artificialintelligence

 

#Stocks discussed: (NYSE: $V) (NYSE: $BAC)

 

Vancouver, Kelowna, Delta, BC – March 9, 2022  – Investorideas.com (https://www.investorideas.com/), a global investor news source covering Artificial Intelligence (AI) brings you today’s  special edition of  The AI Eye- podcast featuring an exclusive interview and insight from emerging technology company, GBT Technologies Inc. (OTCPINK:GTCH).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/030722-AI-Eye-GTCH.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/03091GTCH-Financial-Manager.asp

 

Hear the Ai Eye on Spotify  

 

The Financial Technology (Fintech) space is seeing increasingly more adoption of and integration with Artificial Intelligence (AI) applications. Research from Reports and Data finds that globally, the AI in Fintech market is projected to reach $49.33 billion USD by 2028. This is used for fraud detection, transaction risk investigation, consumer analysis and the employment of virtual assistance for customer support. In a recent interview with Investorideas.com, Danny Rittman, the CTO of GBT Technologies Inc. (OTC PINK:GTCH), commented on the inevitability of this.

 

“In any type of Integrated Circuit (IC) and its derivatives, AI will follow it,” Rittman said.

 

GBT recently announced the filing of a non-provisional patent application with the US Patent and Trademark Office for systems and methods of a financial software application for a secured, AI-controlled credit card management system. According to the press release, this is for the creation of “a smart "Financial Manager" that helps users with credit line monetary decisions, always ensuring their best interest.”

 

Rittman explained how and why such a service would be useful for credit card users and how the AI works.

 

“It’s hard to track which card is the best to use sometimes, in terms of interest rate which one gives you the best frequent flier mileage and which one earns you the best gifts and benefits overall,” he said. “Having an AI system as a financial advisor that is connected to consolidate all credit cards into one account and do this selection for you, can make a whole world of financial difference. It’s going to automatically create on the fly, the best financial advisor, telling you which card to use in which time and occasion in order to reach the best result for the user.”

 

“The AI constantly monitors and supervises. So for every transaction it’s connected to the credit card system and the AI is informed about every charge, and does the analytics per card.”

 

“It will choose which account and credit card to be used based on intelligent analytics that will be done at the time. So once the AI starts studying and learning about the user’s credit accounts, it will know more and more with time which card to use when and how for the best interest of the user.”

 

Credit card, fintech, and digital payments giant Visa (NYSE:V), as early as 2019, employed AI in its Visa Advanced Authorization, which uses predictive analytics to identify real-time fraudulent transactions. The company announced that in 2021 it had helped financial institutions prevent more than $354 million AUD in fraud from impacting Australian businesses by leveraging its AI technology.

 

Visa's Head of Risk for Australia, New Zealand and South Pacific, Carolina Gallegos, said:

 

"Trust underpins everything we do at Visa, including our approach to innovation. We are investing more heavily than ever in systems resilience, fraud management and cybersecurity, including tokenisation, AI and blockchain-based solutions to bring even more security to ecommerce and Australian businesses."

 

Gallegos went on to say:

 

"Put simply, commerce is moving online, so fraudsters are focusing their efforts online and Visa's AI security helps make every single split-second assessment more sophisticated. A lot of the time, breaches can happen months before actual fraud takes place, so we help businesses identify if they have been a victim early on and take action before it occurs,"

 

Bank of America’s (NYSE:BAC) Erica is a virtual assistant that leverages advanced analytics and cognitive messaging. According to a recent press release, 24.6 million Bank of America clients had interacted with Erica a total of 659 million times since 2018. David Tyrie, Chief Digital Officer and Head of Global Marketing at Bank of America, said:

 

"Now more than ever, consumers and businesses depend on digital, and Bank of America continues to deliver efficient, safe and reliable digital financial solutions. Our digital capabilities allow our clients to easily manage every aspect of their financial lives across banking, investing, lending and retirement, with access to advice and guidance from our financial professionals and through our financial centers when they need it."

 

Another technology growing alongside AI in the Fintech space is Blockchain, which overlaps with the former increasingly often in general, and according to Rittman, in GBT’s aforementioned patent application.

 

“The blockchain is actually already covered in this patent as well,” he said. “We use it to secure data, to manage data, and to make sure that privacy and security is assured especially with today’s cybersecurity issues that are evolving as we speak. It is imperative to use blockchain, there is no question about it.”

 

“We actually have our AI integrated with and managing the blockchain activities and algorithms, and it’s going to be part of the overall technology that we develop in the future.”

 

Sam Mowers, Investorideas.com

 

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About GBT Technologies Inc.

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp Disclosure: GTCH is a paid featured AI stock

 

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#RareEarth #Metals #Stock news -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Continues Drilling High Grade at Wicheeda and Confirms Significant Mineralization At Depth; @defenseMetals

#RareEarth #Metals #Stock news -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Continues Drilling High Grade at Wicheeda and Confirms Significant Mineralization At Depth; @defenseMetals

 

Vancouver, British Columbia –March 9, 2022: Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce results for an additional six diamond drill holes totalling 845 metres from the Company’s 29 hole, 5,349 metre diamond drill program completed during fall 2021. Drill holes WI21-39 and WI21-40 collared from the same pad, and holes WI21-41 through WI21-44 sited 100 metres north were designed to further delineate the Wicheeda Rare Earth Element (REE) deposit.

 

Read this news and see tables and images at https://www.investorideas.com/news/2022/mining/03091Defense-Metals-Wicheeda.asp

 

Drill hole WI21-40 returned 3.23% TREO (total rare earth oxide) over 162 metres[1].  Along with previously reported drill hole WI21-33 on section grading 3.17% TREO over 196 metres, these two holes yielded the highest-grade x width of the 2021 drill program to date. In addition to significant composite mineralized widths, these holes continue to demonstrate the presence of higher-grade zones of carbonatite at surface and at depth extending below the current resource pit shell.

 

The Company continues to receive additional assay results from the 2021 Wicheeda REE Deposit resource expansion and delineation campaign that will be released in the coming days and weeks.

 

Luisa Moreno, President, and Director of Defense Metals commented: “Drilling at depth within the northern Wicheeda Deposit has intersected significant new zones of high-grade REE mineralization with the potential to expand the mineral resource, and importantly may also contribute to supporting higher grades across the range of potential mine life.”

Resource infill drill hole WI21-39 (-60^o dip / 285^o azimuth) returned assays of 2.62% TREO over 110 metres¹ and in conjunction with WI21-36 and WI21-37 completes sectional drilling within the northern quarter of the Wicheeda Deposit confirming the presence of high-grade dolomite carbonatite within 2019 near surface drill holes to a vertical depth of 175 metres and horizontal width of 160 metres (Table 1 and Figure 1).

 

Delineation drill hole WI21-40 (-60^o dip / 285^o azimuth) intersected mineralized dolomite carbonate from surface grading 3.23% TREO over 162 metres¹; including higher grade intervals from surface of 4.21% TREO over 44.75 metres¹, and at depth of 3.67% TREO over 71 metres¹ extending 15 metres below the current resource pit shell (Figure 2). Importantly drill holes WI21-33, WI21-36, and WI21-40 establish the presence of a previously unrecognized zone of high-grade dolomite carbonate at depth within the northeast quadrant of the Wicheeda Deposit. Mineralized zones within WI21-40W and WI21-33 extend downhole 60 and 80 metres respectively below the current resource, and 15 and 32 metres below the resource pit shell providing the potential to expand mineral resources.

 

Drill hole WI21-44 (-60^o dip / 240^o azimuth) collared 100 metres to the north intersected a mixed interval of dolomite carbonatite near surface and REE mineralized syenite at depth high averaging 1.72% TREO over 108 metres; including 2.59% TREO over 54 metres near surface (Figure 3).

 

Table 1. Wicheeda REE Deposit 2021 Diamond Drill Intercepts

 

 

[2]TREO % sum of CeO₂, La₂O₃, Nd₂O₃, Pr₆O₁₁, Sm₂O₃, Eu₂O₃, Gd₂O₃, Tb₄O₇, Dy₂O₃ and Ho₂O₃.

 

 

A series of short drill holes WI21-41 (-55^o dip / 025^o azimuth), WI21-42 (-70^o dip / 025^o azimuth), and WI21-43 (-85^o dip / 045^o azimuth) totalling 285 metres successfully delineated the northeast margin of the deposit. Drill hole WI21-43 intersected several carbonate dykes, syenite and limestone host rocks above resource cut-off averaging 0.55% TREO over 113 metres (Figure 3).      

 

Figure 1. Drill Section Holes WI21-36, WI21-37, and WI21-39

 

Figure 2. Drill Section Holes WI21-33, WI21-36, and WI21-40

 

Figure 3. Drill Section Holes WI21-43 and WI21-44

 

 

About the Wicheeda REE Property

The 100% owned 2,008-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 near infrastructure, including power transmission lines, the CN railway, and major highways.

 

The Wicheeda REE Project yielded a robust 2021 PEA that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR[2]. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Canada Ltd. (ALS) at Langley (sample preparation) and Vancouver (ICP-MS fusion), B.C. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Defense Metals and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. A 0.1-gram sample pulp was then subject to multi-element ICP-MS analysis via lithium-borate fusion to determine individual REE content (ME-MS81h). Defense Metals follows industry standard procedures for the work carried out on the Wicheeda Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate, and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Defense Metals detected no significant QA/QC issues during review of the data.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project 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 NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein. 

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development 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 owns 100% of the 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 advancing the Wicheeda REE Project, drill results including anticipated timeline of such results/assays, the Company’s plans for its Wicheeda REE Project, expanded resource and scale of expanded resource, expected results and outcomes, 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 anticipated costs and expenditures, 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 the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks 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 and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, 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, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, 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] The true width of REE mineralization is estimated to be 70-100% of the drilled interval.

[2] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).