#Cleantech and #ClimateChange #Podcast - Ballard Power Systems (NASDAQ: $BLDP) (TSX: $BLDP.TO) #Stock Pops on plan to reduce the costs and scale production capacity of next generation #graphite bipolar plates

 

 

 

#Cleantech and #ClimateChange #Podcast - Ballard Power Systems (NASDAQ: $BLDP) (TSX: $BLDP.TO) #Stock Pops on plan to reduce the costs and scale production capacity of next generation #graphite bipolar plates

 

#FuelCell/#Hydrogen #stocks to Watch (NASDAQ: $PLUG) (NASDAQ: $FCEL)

 

Vancouver, Kelowna, Delta, BC ,June 13, 2023- Investorideas.com, a global news source and leading investor resource covering cleantech stocks issues a new edition of the Cleantech and Climate Change Podcast     

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/061323-Cleantech.mp3

 

Read this in full at https://www.investorideas.com/news/2023/cleantech-podcasts/06131BLDP-PLUG-FCEL.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Fuel cell stock Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) had a great day in the market yesterday gaining over 14 % on news of its plan  to materially reduce the costs and scale production capacity of next generation, proprietary graphite bipolar plates, including the introduction of disruptive manufacturing technology.

 

According to the news ,” This project is the logical progression after Ballard completed two important milestones – the development of next generation, thin flexible graphite bipolar plates, and an expansion of membrane electrode assembly (MEA) manufacturing capacity in Canada as part of Ballard's "3 by 3" stack cost reduction program. Bipolar plates are the next largest cost item in a fuel cell stack after MEAs, and Ballard expects the implementation of this project, including next generation plate manufacturing processes and the introduction of new lower cost material suppliers, to result in cost savings of up to 70%, following commissioning expected in late 2025.

 

Ballard's next generation, thin flexible graphite bipolar plates significantly reduce plate materials while enabling high power density stacks, which are critical for certain market applications. Graphite bipolar plates are the optimal choice for Ballard's heavy-duty mobility markets as they offer long durability, re-usability at stack end-of-life, and high power density, while also offering the lowest plate cost at current and scaled volumes.

 

Beyond product cost savings, the project will increase Ballard's plate manufacturing capacity by approximately 10 times while significantly improving graphite and resin material yield and reducing production takt times. Ballard has also developed several novel manufacturing processes that enable full automation of the bipolar plate production processes, resulting in substantially improved quality throughput, reduced energy demand, and the elimination of water consumption from plate manufacturing. These innovations are expected to be replicable in any future expansion of Ballard's global bipolar plate production footprint.”

 

Riding the sector wave, FuelCell Energy, Inc. (NASDAQ:FCEL) closed at $2.6000, up $0.2700, gaining 11.59%. Plug Power Inc. (NASDAQ: PLUG) closed at $10.37, up $1.20, jumping  13.09%.

 

Visit Investorideas list of hydrogen and fuel cell stocks

https://www.investorideas.com/FCCN/Stock_List.asp

 

Thanks, that’s it for today. Do something good for this beautiful planet each and every day.

If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

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

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

 

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: More disclaimer and disclosure 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/ .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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#Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech @Amerresources @canoo @LucidMotors

#Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech  @Amerresources @canoo @LucidMotors

 

Vancouver, Kelowna, Delta, BC – June 13, 2023  - Investorideas.com, a leading investor news resource covering defense, energy and battery stocks releases a news report on the evolution of  safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE:KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy.

 

Read this article, featuring KULR in full at: https://www.investorideas.com/news/2023/defense/06131Battery-Innovators.asp

 

According to a June 5^th post on the Department of Defense website, “Deputy Defense Secretary Kathleen H. Hicks has made clear a healthy battery supply chain is essential for military capabilities and national security — and when it comes to batteries, "America needs to lead the world." Batteries are a vital and dynamic sector at the center of national efforts to deliver effective battlefield operations, secure critical defense supply chains and ensure America's clean energy future. The Defense Department depends on batteries to communicate, operate autonomous vehicles, power directed energy weapons and electrify warfighting platforms.”

 

KULR Technology Group, Inc. (NYSE: KULR), with a long history in defense, issued a shareholder letter last week with Chief Executive Officer Michael Mo sharing key milestones and insight into the Company’s future in the battery market.

 

Excerpts: “It is a privilege to write to you as the CEO of KULR Technology Group .Over the last two years, we have worked very hard to transform KULR from a niche component supplier to NASA and the Department of Defense, to a company with multiple energy management platforms powering the electrification economy.”

 

“In 2Q 2023, we signed contracts with customers representing more revenue than we have signed in any quarter since our founding. KULR has also laid the foundation, with new products, an expanding customer base, and growing customer demand for continued significant growth. Our demanding customers continue to validate the competitive advantages of our product suite.”

 

“At CES this past January, we launched our KULR ONE Platform, which includes the KULR ONE Design Solutions ("K1DS") platform and KULR ONE battery module. K1DS consists of both products and services. On the services side, we work with clients to design, test, prototype, and achieve necessary certifications in order to bring their products to market.”

 

“With respect to K1DS, our goal is to shorten the cycle time from initial design to readiness for manufacturing for production to under one year. As more customers come to us at the initial stages of their battery design/development cycle, we can reduce timelines by utilizing K1DS. We believe that we are achieving this with the US Army battery pack, having already started the design phase in April 2023, and being on schedule to achieve manufacturing readiness by April 2024.”

 

“We recently announced receiving a $1.13 million contract from the US Army to develop a safe, high-energy battery storage platform using next generation silicon anode lithium-ion cells. We also recently received an order from the US military to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.”

 

From the May 4^th news: "We are proud to support military operational readiness with advanced next-generation energy storage platforms," said KULR CEO Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled leading aerospace, electronics, and energy storage manufactures to develop lighter, safer, and more thermally efficient products. Now, by developing next generation high-energy silicon anode battery packs into smaller and lighter power sources for deployed applications, we can implement measures that enhance the capabilities and resilience of soldiers in the field. We are very excited to help solve the difficult problems facing operational preparedness for the U.S. Armed Forces and its allies.”

 

Shareholder letter continued: “Another question, I am asked often is around the size of the market and KULR’s potential within it. McKinsey estimates the global lithium battery market to be approximately $400 billion by 2030. KULR operates within the approximately $200 billion portion of the market that includes battery cells, battery packs, and recycling. Some estimates have the battery recycling market alone to reach approximately $23 billion by 2030. “

 

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, recently announced that it has signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

 

From the news: American Lithium Energy ships the world's highest energy density silicon-based lithium-ion batteries with industry best safety and zero-volt stability. ALE's patented technologies eliminate the need for trade-offs between energy density, lifecycle, and safety, and ALE's products are able to deliver all three benefits. ALE's patented lithium battery safety technologies generate extremely high-power, high-energy-density lithium cells. ALE's customers include: Department of Defense, Department of Energy, and several US defense primes for over several years.

 

In February, The Defense Innovation Unit awarded Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, a contract to supply battery modules for analysis and demonstration. This award supports the U.S. Department of Defense focus to incorporate scalable and adaptable capabilities in tactical environments.

 

From the news: “We are proud to be selected by the DoD and to contribute to our country's global defense technology leadership.”

 

From the news: "We are very proud to be selected by the Department of Defense and to contribute to our country's global defense technology leadership. This award is another example of our focus and commitment to innovation. We've worked hard and continue to develop our patented technologies and ability to deliver flexible, on demand energy solutions that are multi-purpose capable, to serve America's interests and its allies around the world," said Tony Aquila, Chairman & CEO at Canoo.  

 

From the news: Canoo's proprietary battery system is modular to support different vehicle configurations and engineered to provide industry leading energy density. The system is designed to be flexible and compatible with cells from leading battery providers and engineered to evolve with changes in cell size and chemistry as the industry matures, scales and reduces costs.

According to Torquenews, “ Lucid  (NASDAQ:LCID) will develop battery modules for the Department of Defense to test towards the electrification of military platforms along with Canoo, GM Defense and two other companies that are yet to be named.

 

Continued: The contracts charge Lucid and Canoo with developing batteries that can be standardized across a range of military applications. In return, the companies will receive research funding and the revenue that comes with having one of the world's largest militaries as a customer.

 

Continued: Lucid's Role The contracts aim to reduce or eliminate barriers standing between the commercial sector and the military. Lucid is tasked with developing a version of its high-voltage battery systems specifically for EV tactical military vehicles

 

The opportunity is laid out in a June 5^th post on the Department of Defense website. “Budget and strategy are also aligned in this critical mission. The President's recently released FY 2024 defense budget request makes critical investments into revitalizing the defense industrial base, driving innovation, and building enduring advantages. The budget request invests approximately $6 billion in fostering industrial base resilience, including long-term investments in five defense-critical sectors in alignment with E.O.14017, including $125 million in battery and energy storage.”

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - 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/ 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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Get more Defense Stock Investor Ideas - news, articles, and stock directories

 

 

 

 

The #Defense Industry’s Role in the #Battery #Market and the Innovators to Watch (NYSE: $KULR) (NASDAQ:$AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech @Amerresources @canoo @LucidMotors

 

The #Defense Industry’s Role in the #Battery #Market and the Innovators to Watch (NYSE: $KULR) (NASDAQ:$AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech  @Amerresources @canoo @LucidMotors

 

Vancouver, Kelowna, Delta, BC – June 12, 2023  - Investorideas.com, a leading investor news resource covering defense, energy and battery stocks releases a news report on the evolution of  safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE:KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy.

 

Read this article, featuring KULR in full at: https://www.investorideas.com/news/2023/defense/06121Battery-Market.asp

 

According to a June 5^th post on the Department of Defense website, “Deputy Defense Secretary Kathleen H. Hicks has made clear a healthy battery supply chain is essential for military capabilities and national security — and when it comes to batteries, "America needs to lead the world." Batteries are a vital and dynamic sector at the center of national efforts to deliver effective battlefield operations, secure critical defense supply chains and ensure America's clean energy future. The Defense Department depends on batteries to communicate, operate autonomous vehicles, power directed energy weapons and electrify warfighting platforms.”

 

KULR Technology Group, Inc. (NYSE: KULR), with a long history in defense, issued a shareholder letter last week with Chief Executive Officer Michael Mo sharing key milestones and insight into the Company’s future in the battery market.

 

Excerpts: “It is a privilege to write to you as the CEO of KULR Technology Group .Over the last two years, we have worked very hard to transform KULR from a niche component supplier to NASA and the Department of Defense, to a company with multiple energy management platforms powering the electrification economy.”

 

“In 2Q 2023, we signed contracts with customers representing more revenue than we have signed in any quarter since our founding. KULR has also laid the foundation, with new products, an expanding customer base, and growing customer demand for continued significant growth.

Our demanding customers continue to validate the competitive advantages of our product suite.”

 

“At CES this past January, we launched our KULR ONE Platform, which includes the KULR ONE

Design Solutions ("K1DS") platform and KULR ONE battery module. K1DS consists of both products and services. On the services side, we work with clients to design, test, prototype, and achieve necessary certifications in order to bring their products to market.”

 

“With respect to K1DS, our goal is to shorten the cycle time from initial design to readiness for manufacturing for production to under one year. As more customers come to us at the initial stages of their battery design/development cycle, we can reduce timelines by utilizing K1DS.

We believe that we are achieving this with the US Army battery pack, having already started the design phase in April 2023, and being on schedule to achieve manufacturing readiness by April 2024.”

 

“We recently announced receiving a $1.13 million contract from the US Army to develop a safe, high-energy battery storage platform using next generation silicon anode lithium-ion cells. We also recently received an order from the US military to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.”

 

From the May 4^th news: "We are proud to support military operational readiness with advanced next-generation energy storage platforms," said KULR CEO Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled leading aerospace, electronics, and energy storage manufactures to develop lighter, safer, and more thermally efficient products. Now, by developing next generation high-energy silicon anode battery packs into smaller and lighter power sources for deployed applications, we can implement measures that enhance the capabilities and resilience of soldiers in the field. We are very excited to help solve the difficult problems facing operational preparedness for the U.S. Armed Forces and its allies.”

 

Shareholder letter continued: “Another question, I am asked often is around the size of the market and KULR’s potential within it. McKinsey estimates the global lithium battery market to be approximately $400 billion by 2030. KULR operates within the approximately $200 billion portion of the market that includes battery cells, battery packs, and recycling. Some estimates have the battery recycling market alone to reach approximately $23 billion by 2030. “

 

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, recently announced that it has signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

 

From the news: American Lithium Energy ships the world's highest energy density silicon-based lithium-ion batteries with industry best safety and zero-volt stability. ALE's patented technologies eliminate the need for trade-offs between energy density, lifecycle, and safety, and ALE's products are able to deliver all three benefits. ALE's patented lithium battery safety technologies generate extremely high-power, high-energy-density lithium cells. ALE's customers include: Department of Defense, Department of Energy, and several US defense primes for over several years.

 

In February, The Defense Innovation Unit awarded Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, a contract to supply battery modules for analysis and demonstration. This award supports the U.S. Department of Defense focus to incorporate scalable and adaptable capabilities in tactical environments.

 

From the news: “We are proud to be selected by the DoD and to contribute to our country's global defense technology leadership.”

 

From the news: "We are very proud to be selected by the Department of Defense and to contribute to our country's global defense technology leadership. This award is another example of our focus and commitment to innovation. We've worked hard and continue to develop our patented technologies and ability to deliver flexible, on demand energy solutions that are multi-purpose capable, to serve America's interests and its allies around the world," said Tony Aquila, Chairman & CEO at Canoo.  

 

From the news: Canoo's proprietary battery system is modular to support different vehicle configurations and engineered to provide industry leading energy density. The system is designed to be flexible and compatible with cells from leading battery providers and engineered to evolve with changes in cell size and chemistry as the industry matures, scales and reduces costs.

According to Torquenews, “ Lucid  (NASDAQ:LCID) will develop battery modules for the Department of Defense to test towards the electrification of military platforms along with Canoo, GM Defense and two other companies that are yet to be named.

 

Continued: The contracts charge Lucid and Canoo with developing batteries that can be standardized across a range of military applications. In return, the companies will receive research funding and the revenue that comes with having one of the world's largest militaries as a customer.

 

Continued: Lucid's Role The contracts aim to reduce or eliminate barriers standing between the commercial sector and the military. Lucid is tasked with developing a version of its high-voltage battery systems specifically for EV tactical military vehicles

 

The opportunity is laid out in a June 5^th post on the Department of Defense website. “Budget and strategy are also aligned in this critical mission. The President's recently released FY 2024 defense budget request makes critical investments into revitalizing the defense industrial base, driving innovation, and building enduring advantages. The budget request invests approximately $6 billion in fostering industrial base resilience, including long-term investments in five defense-critical sectors in alignment with E.O.14017, including $125 million in battery and energy storage.”

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - 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/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 

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#RareEarth #Metal #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Reports Completion of Hydrometallurgical Pilot Plant Testing and Initiates Pre-feasibility Study Design Work; @defensemetals

#RareEarth #Metal #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Reports Completion of Hydrometallurgical Pilot Plant Testing and Initiates Pre-feasibility Study Design Work; @defensemetals

 

Vancouver, British Columbia – June 7, 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 the completion of Phase II hydrometallurgical pilot plant test work for its wholly-owned Wicheeda Rare Earth Element (“REE”) Project and commencement of Pre-Feasibility Study (PFS) work.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2023/mining/06071DEFN-Hydrometallurgical-Pilot-Plant.asp

 

John Goode, Defense Metals’ metallurgical consultant, noted:

 

“With the completion of the recent beneficiation testwork and hydrometallurgical testwork and pilot plant operations, we are now ready to provide our engineering consultants, with the metallurgical test data necessary for them to commence the design work that forms a critical part of the Wicheeda project Pre-feasibility Study.”

 

Defense Metals intends to complete the PFS during H1-2024.

 

As reported on April 25, 2023, Defense Metals completed a Phase I (5 day) hydrometallurgical pilot plant operation in April 2023 and used data generated during that test work to design an expanded Phase II (10 day) pilot plant operation. Phase II operations were performed by SGS Canada Inc. at Lakefield, Ontario and were completed on May 3, 2023, after processing 370 kg of flotation concentrate produced in an earlier flotation pilot plant operation (see Defense Metals’ news release dated September 23, 2020).

 

The results of the Phase II pilot plant operation confirm the Phase I results achieving extraction of Pr (praseodymium) and Nd (neodymium) from the acid bake calcine of more than 90%. Significantly, the mixed rare earth product generated by the Phase II operation was markedly higher in purity than that of the Phase I operation because of a change to oxalate precipitation.

 

Based on the results of the Phase I and Phase II pilot plants Defense Metals believes it now has all metallurgical test data necessary to support the Pre-feasibility Study.

 

Qualified Person

 

The scientific and technical information relating to metallurgy that is contained in this news release was provided,  reviewed and approved by John Goode, P. Eng., metallurgical consultant to Defense Metals and who is a Qualified Person (“QP”) as defined by National Instrument 43-101.

 

 

 

 

 

About the Wicheeda Rare Earth Element Property

 

Defense Metals 100% owned, 4,262-hectare (~10,532-acre) Wicheeda REE Project is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. The Wicheeda property is readily accessible by all-weather gravel roads and is near infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

 

The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report (“PEA”) outlined a robust after-tax net present value (NPV@8%) of $517 million and an 18% IRR[1]. This PEA contemplated an open pit mining operation with a 1.75:1 (waste:mill feed) strip ratio providing a 1.8 Mtpa ("million tonnes per year") mill throughput producing an average of 25,423

tonnes of Rare Earth Oxides (“REO”) annually over a 16-year mine life. 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.

 

About Defense Metals Corp.

Defense Metals Corp. is focused on the development of its 100% owned Wicheeda REE Project with a goal of producing Rare Earth Elements that are commonly used in the production of defense and green energy technologies, such as rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles.

 

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”.

 

Defense Metals is a proud member of Discovery Group. For more information please visit: www.discoverygroup.ca.  

 

For further information, please visit www.defensemetals.com or contact:

 

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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 completion of the PFS and the expected timelines, advancing the Wicheeda REE 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 and metallurgical results, risks related to the inherent uncertainty of exploration and development 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, metallurgical 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 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).