#GreenMetal #Stock News - Discovery Group's John Robins joins Defense
Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) as a Strategic Advisor @defensemetals
Prospector and entrepreneur with over 35 years of
experience in the mining industry
Vancouver, British Columbia – January 10, 2023: Investorideas.com Newswire,
Mining/Metals/ Green Energy Stock news- Defense Metals Corp. (“Defense
Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to
announce that John Robins, P.Geo. of Discovery Group has joined the Company as
a strategic advisor.
Read this news, featuring DEFN in full
at https://www.investorideas.com/news/2023/mining/01101DEFN-Strategic-Advisor.asp
“We are very excited to welcome John to our team,” said
Craig Taylor, CEO of Defense Metals. “John brings more than 35 years of
experience in all facets of exploration and mining development to Defense
Metals, most recently with the sale of Great Bear Resources to Kinross for $1.8
Billion. As we continue to advance our Wicheeda Rare Earth Elements project,
John will provide a wealth of knowledge, expertise, guidance and industry
relationships to our Company. I wish to thank him once again for the financial
support and commitment he has made to work with Defense Metals.”
John Robins, P.Geo. commented:
“I am excited to join the team at Defence Metals as both a
shareholder and strategic advisor. This Company represents a unique opportunity
in the resource space, having one of the best critical metals projects globally
with outstanding infrastructure and located here in Canada. For the first time
in my career we are witnessing an unprecedented level of support socially and
at a regulatory level for critical metals projects. Wicheeda is ideally
positioned as it advances through next stages of development,
building towards securing a significant link in a critical
supply chain for the Western world.”
John Robins is a professional geologist, prospector and
entrepreneur with over 35 years of experience in the mining industry. In
November he was announced as the
recipient of the 2022 Association of Mineral Exploration’s Murray Pezim Award
for his significant contribution to the financing of exploration and
development projects over the last 20 years. He was previously awarded the
AME’s Spud Huestis Award in 2008 for having made significant contributions
to mineral exploration in British Columbia and the Yukon Territory.
Mr. Robins has been involved in several notable discoveries,
including the 5-million-ounce Coffee Gold deposit in Yukon, the Three Bluffs
gold deposit in the Committee Bay greenstone belt, the Aviat / Churchill
diamond districts of Nunavut, and the Great Bear project in northwestern
Ontario. Through his entrepreneurship, John has been instrumental in over
CDN$3 Billion in Mergers and Acquisitions activity and has generated over $1B
in direct and indirect mineral exploration expenditures throughout Canada,
Latin America, and Australia. Notable recent successes include the sales of
Great Bear Resources Ltd. to Kinross Gold Corp. for $1.8B, Great Bear Royalties
Corp. to Royal Gold Inc. for $200 Million, and Kaminak Gold Corp. to Goldcorp
Inc. (now Newmont Corporation) for $510 Million. John’s outstanding strategic
guidance, technical expertise, strong industry relationships, and steadfast
adherence to ethical practices, underpin his status as a leading steward of the
junior mining industry. He currently acts as Chairman of Fireweed Metals
Corp. and K2 Gold Corp. Mr. Robins is
also a Director of Elemental Altus Royalties and a Strategic Advisor to Kodiak
Copper Corp., ValOre Metals Corp., and Prospector Metals Corp.
Mr. Robins will be a valuable addition to the Defense Metals
team as it continues to advance development of its wholly owned Wicheeda REE
Project.
About
the Wicheeda REE Project
The 100% owned 4,244-hectare
Wicheeda REE Project, 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 preliminary economic assessment technical report (PEA)
that demonstrated an after-tax net present value (NPV@8%) of $517 million, and
18% IRR[1].
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.
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 markets, 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 Deposit
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 the expected outcomes and benefits of the
appointment of Mr. Robins as a strategic advisor, the advancement of the
Wicheeda project, 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 personnel, 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]
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).
