Breaking Solar News - CBOE-Listed SinglePoint Inc. (CBOE: $SING) Provides Strategic Overview, Highlights Milestones Reached, and Expectations In 2024; @_Singlepoint_

Breaking Solar News - CBOE-Listed SinglePoint Inc. (CBOE: $SING) Provides Strategic Overview, Highlights Milestones Reached, and Expectations In 2024; @_Singlepoint_

 

Phoenix, Arizona - January 5, 2024 (Investorideas.com Newswire) SinglePoint Inc. (CBOE:SING) ("SinglePoint" or "the Company"), a provider of renewable energy, energy supply, and healthy building solutions, provides an update highlighting 2023 accomplishments and its plans to increase shareholder value in 2024.

 

Read this in full at https://www.investorideas.com/CO/SING/news/2024/01051Strategic-Overview.asp

 

After successfully listing on the CBOE BZX Exchange in December, SinglePoint enters the New Year fundamentally and operationally strong to accelerate its well-developed acquisition strategy in the renewable energy sector, specifically emphasizing its intent to roll up sector companies, including national premier solar installation businesses specializing in Engineering, Procurement and Construction (Solar EPC's) that provide accretive deliverables.

 

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SinglePoint completed its first acquisition in April of 2022, acquiring regional solar industry powerhouse Boston Solar, a company well regarded as a proud and contributing partner of the Boston Red Sox. That deal, in part, has fueled a roughly 41% revenue increase from approximately $17 million to $24 million at the end of FY/2022. The Company expects growth to continue in FY/2023, evidenced by trailing twelve-month revenues already eclipsing the $30 million mark. This increase comes despite challenging market conditions, including supply chain issues and elevated interest rates, which are expected to moderate this year, according to recent sector analyst reports.

 

Wil Ralston, CEO of SinglePoint, said, "We are extremely proud of our team that showed resiliency and abilities to navigate the significant solar industry headwinds of 2023. Now that we are listed to a more senior exchange, we are better positioned than ever to execute our 2024 strategy to add value to our asset portfolio by capitalizing on aggressive acquisition-based valuations in excellent companies that can provide immediate value and create new revenue streams. Because of the uplist to the CBOE market, we believe we can accelerate that plan, noting that national and even global companies are more likely to partner with listed companies." He added, "We have successfully removed our number one barrier to making what could be transformative-sized deals, which we are poised to execute with extreme efficiency and pace, an intent supported by SinglePoint being the first U.S.-listed company on the CBOE BZX market. We believe it is no coincidence that less than three weeks after that inaugural listing, Boston Solar struck a partnership deal with one of the world's largest and most well-known battery and energy solutions companies, Energizer Solar. That deal alone can expand Boston Solar's business footprint to a national scale."

 

This week, CEO Wil Ralston appeared live on ABC's Morning Blend, where he overviewed SinglePoint's strategy to target diversified solar, energy, and clean air market opportunities through his company's diversified products and services portfolio.

Cannot view this video? Visit: https://www.youtube.com/watch?v=j60QF6vCNDs

Furthermore, the Company notes establishing multiple initiatives for 2024, including potential market expansions, accretive acquisitions, and industry partnerships. These will be detailed more clearly in near-term company updates and planned presentations.

 

In summary, the Company has completed the groundwork to expand its teams across SinglePoint and Boston Solar, drive more organic commercial and residential solar business at Boston Solar, increase revenue and bottom-line profitability, and continue executing its robust acquisition strategy.

 

About SinglePoint Inc (SING)

SinglePoint Inc., the first-ever U.S.-listed Company on CBOE Global Markets BZX Exchange, is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on social media for the latest updates.

 

About Boston Solar

Boston Solar is a subsidiary of SinglePoint Inc. (CBOE: SING). Since its founding in 2011, Boston Solar has installed more than 5,000 residential and commercial solar arrays, powering thousands of homes and businesses in New England, primarily in Massachusetts. Boston Solar's mission is to provide superior clean energy products, exceptional customer service, and the highest-quality artistry in residential and commercial installations.

 

Boston Solar has accumulated several distinctions of recognition of the Company's outstanding triumphs:

• Honored with the 2020 Guildmaster Award from GuildQuality, the award acknowledged how Boston Solar demonstrated exceptional customer service within the residential construction industry.
• Named a Top Solar Contractor by Solar Power World magazine for five consecutive years.
• Applauded by the Boston Business Journal's "Largest Clean Energy Companies in Massachusetts" list.

 

Boston Solar is a member of the Solar Energy Business Association of New England (SEBANE). The Company is headquartered at 55 Sixth Road, Woburn, MA 01801. Learn more at: www.bostonsolar.us

 

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, besides statements of fact included in this release, including, without limitation, statements regarding revenue projections, financing opportunities, potential plans and objectives of the Company, anticipated growth, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Technical and other complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Boston Solar
617-409-0161
info@bostonsolar.us

 

Contact

SinglePoint Inc
investors@singlepoint.com
888-682-7464

                         

SinglePoint (CBOE:SING) is a featured cleantech stock on Investorideas.com

 

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/

 

Get News Alerts on SinglePoint

 

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. Contact management and IR of each company directly regarding specific questions. Disclosure: SinglePoint (Cboe:SING) is a paid featured solar stock on Investorideas - news publication and content creation effective December 21,2023 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/

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Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Alert- Canadian Mining-“The global rare-earth-“element supply chain could crumble under the weight of this global confrontation” @defensemetals

 

January 3, 2024  (Investorideas.com Newswire) Mining / Metals / Green Energy Stock news- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE), a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element project, was recently featured in Canadian Mining Report in the article , A Massive Catalyst for This “Tech Defense” Play.

 

Read the full article

https://www.canadianminingreport.com/news/custom/a-massive-catalyst-for-this-tech-defense-play

 

Read this media alert for DEFN in full at https://www.investorideas.com/news/2024/mining/01031DEFN-Supply-Chain.asp

 

Excerpt

 

A global war for critical minerals is underway.

 

China has just escalated its export restrictions for a technology used to produce magnets for high-technology, biotech, and defense industries. .

 

These magnets are made of a critical group of minerals called rare earth elements (or REEs)… .

 

Before that, China banned technologies to extract and separate REEs….

 

It’s one technology ban after another… and it concerns one of the most critical yet overlooked groups of minerals.

 

China is home to about 70% of the global REE supply, and that’s a problem for the rest of the world.

 

The country’s government can single-handedly halt the output of REEs. And it looks like it has been taking steps in that direction.

 

China Chokes the Global REE Supply Chain

On December 21, the Chinese Ministry of Science and Technology and the Ministry of Commerce updated their catalog of technologies subject to export bans and restrictions.

 

It was a Christmas “gift” for the West and an escalation in a trade war that few investors are aware of.

 

This “war” has been going on for months. Back in July, China imposed restrictions on gallium and germanium. (Gallium is used to produce heat-resistant semiconductor wafers; germanium is used as a semiconductor.)

 

In November, China introduced restrictions on the export of graphite , a mineral widely used in electric vehicle batteries.

 

And now rare earths are on the list…

It could only get worse in the future. The geopolitical tensions between China and the West are at their multi-decade highs. And the looming war in Taiwan makes both parties worried about advanced military technologies and the components they need.

 

The global rare-earth-element supply chain could crumble under the weight of this global confrontation.

 

REEs Are Critical for the Modern War Technology

If you have been following the latest conflicts, you have noticed that drones have become a critical weapon for both surveillance and attack.

 

From Ukraine to Iran and Gaza, drones are used to detect targets and direct precision-guided munitions.

 

They are cheap to manufacture and expensive to take down… they are a perfect weapon.

 

There is only one problem. Drones need rare earth elements for navigation and flight control, as well as path planning and obstacle avoidance.

 

Rare earth elements are also a critical element of magnets used in all sorts of high-tech applications, from electric vehicle motors to fighter jets. For example, an F-35 fighter jet is estimated to contain about 920 pounds of REEs.

 

The magnets made from REEs are powerful and light. And there is no direct and economically viable substitute for them available yet.

 

By some estimates, the U.S. military needs about 3,000 tons of REE-based magnets per year.

 

Including other uses, the country may need up to 15,000 tons of REE magnets per year.

 

And there is no robust domestic supply chain for this important technology yet.

 

However, this massive need for REE technology has started a revolution in the North American mining industry

 

Read the full article

https://www.canadianminingreport.com/news/custom/a-massive-catalyst-for-this-tech-defense-play

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element project 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”.

 

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

http://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

 

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 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.sedarplus.ca. 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.

 

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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure this DEFN news is a paid news release on investorideas.com - learn more about costs and services https://www.investorideas.com/News-Upload/

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Breaking Solar News CBOE: $SING - Boston Solar Named First US Partner for Energizer Solar, Pioneering Renewable Energy Solutions in the American Market; @_Singlepoint_

Breaking Solar News CBOE: $SING - Boston Solar Named First US Partner for Energizer Solar, Pioneering Renewable Energy Solutions in the American Market; @_Singlepoint_

 

BOSTON, MA - January 2, 2024 (Investorideas.com Newswire) In a groundbreaking move that marks a significant milestone in the renewable energy sector, Boston Solar, a subsidiary of SinglePoint Inc. (CBOE:SING), a leader in solar energy solutions, has joined forces with Energizer Solar to launch Energizer Solar renewable energy solutions starting with the Energizer Solar home battery solution.

 

Read this news, featuring SING in full at: https://www.investorideas.com/CO/SING/news/2024/01021Boston-Solar.asp

 

Energizer Solar is a global powerhouse in energy products. Already highly successful in Australia, Germany and the UK, this partnership will now bring Energizer Solar's renewable-based solutions to the North American market. This strategic partnership will set high standards for sustainable energy solutions in American homes, powered by an iconic American company.

 

"This new partnership continues to build upon Boston Solar's credence in providing the best customer service, the best products, and the best experience available in the industry. Our team sets ourselves apart from the competition as proud partners of the Boston Red Sox and now by bringing Energizer Solar's suite of renewable products to the US in partnership with 8 Star Energy. Energizer is a household name when it comes to batteries with global brand recognition and a welcome addition to the renewable energy market. We look forward to becoming an invaluable partner in the successful rollout in the US starting in Massachusetts and growing into additional markets." adds Wil Ralston, CEO of SinglePoint Inc.

 

A New Era in Renewable Energy

Boston Solar is proud to be the first renewable energy company in the United States to offer Energizer Solar products. This collaboration represents a fusion of Boston Solar's expertise in solar energy solutions with Energizer Solar's innovative technology in energy storage. The initial focus on residential battery storage systems is a response to the growing demand for efficient and reliable home energy solutions, reflecting the commitment of both companies to empower consumers towards a more sustainable future.

 

Training and Onboarding: Preparing for Excellence

To ensure the highest standards of service and expertise, the two companies are diligently working to commence the initial training and onboarding of Boston Solar's sales and installation teams. This rigorous training program is designed to equip the teams with in-depth knowledge and skills required to effectively sell, deliver, and install the Energizer Solar suite of products.

 

A Sustainable Future Powered by Innovation

The partnership between Boston Solar and Energizer Solar is more than a business alliance; it's a vision for a sustainable future. As pioneers in their respective fields, both companies share a commitment to innovation, quality, and environmental stewardship. Together, they are set to transform the renewable energy landscape, offering consumers solutions that are not only eco-friendly but also reliable and efficient.

 

Energizer Solar is designed to empower families and individuals to tap into solar energy, advocating for sustainable living and environmental stewardship. In an era where the global focus is shifting towards a clean and electric future, Energizer Solar introduces a variety of pioneering solar solutions. These products embody the essence of the esteemed Energizer brand, known for its dependable performance, enduring quality, and efficient energy use.

Having made a successful debut in the Australian and European markets, Energizer Solar provides a comprehensive range of solar products. This collection will enable Boston Solar to provide energy storage systems to their new and existing customer base. The offerings include energy storage systems ranging from 3.8 kw to 45.6 kw and 8 kwh to 112 kwh. This broad product portfolio will allow Boston Solar to meet all of their customer's needs in today's market.

 

For more information about this exciting partnership and the Energizer solar products, please visit Energizer Solar.

 

About Boston Solar

Boston Solar is a subsidiary of SinglePoint Inc. (CBOE: SING) Since its founding in 2011, Boston Solar has installed more than 5,000 residential and commercial solar arrays, powering thousands of homes and businesses in New England, primarily in Massachusetts. Boston Solar's mission is to provide superior clean energy products, exceptional customer service, and the highest-quality artistry in residential and commercial installations.

Boston Solar has accumulated several distinctions of recognition of the company's outstanding triumphs:

• Honored with the 2020 Guildmaster Award from GuildQuality, the award acknowledged how Boston Solar demonstrated exceptional customer service within the residential construction industry.
• Named a Top Solar Contractor by Solar Power World magazine for five consecutive years.
• Applauded by the Boston Business Journal's "Largest Clean Energy Companies in Massachusetts" list.

 

Boston Solar is a Solar Energy Business Association of New England (SEBANE) member. The company is headquartered at 55 Sixth Road, Woburn, MA 01801. Learn more at: www.bostonsolar.us

 

About Energizer Solar

Energizer Solar, a licensed product range of residential and portable solar products from 8 Star Energy, focuses on providing sustainable energy solutions, enabling individuals to embrace clean energy alternatives. As a licensed partner to Energizer Holdings, one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care products, 8 Star Energy is providing better access to clean energy solutions that improve people's lives and the planet. With headquarters in Australia, the United States, and Europe, 8 Star Energy is making a global impact to propel the Energizer brand into the renewable energy market.

 

About Energizer

Energizer Holdings, Inc., headquartered in St. Louis, Missouri, USA, is one of the world's largest manufacturers of primary batteries and portable lighting products and is anchored by its globally recognized brands Energizer®, EVEREADY®, Rayovac®, and VARTA®.

 

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, besides statements of fact included in this release, including, without limitation, statements regarding revenue projections, financing opportunities, potential plans and objectives of the Company, anticipated growth, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

Technical and other complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Boston Solar

617-409-0161
info@bostonsolar.us

 

Contact

SinglePoint Inc
investors@singlepoint.com
888-682-7464

 

SOURCE: Singlepoint, Inc.
via PRISM Mediawire, LLC

 

SinglePoint (CBOE:SING) is a featured cleantech stock on Investorideas.com

 

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/

 

Get News Alerts on SinglePoint

 

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. Contact management and IR of each company directly regarding specific questions. Disclosure: SinglePoint (Cboe:SING) is a paid featured solar stock on Investorideas - news publication and content creation effective December 21,2023 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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Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) in Canadian Mining Report - @defensemetals

 

 

Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) in Canadian Mining Report - @defensemetals

 

REEs Are Critical for the Modern War Technology

 

A Massive Catalyst for This “Tech Defense” Play

 

January 2,2024  (Investorideas.com Newswire) Mining / Metals / Green Energy Stock news- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE), a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element project, was recently featured in Canadian Mining Report in the article , A Massive Catalyst for This “Tech Defense” Play.

 

Read the full article

https://www.canadianminingreport.com/news/custom/a-massive-catalyst-for-this-tech-defense-play

 

Read this media alert for DEFN in full at https://www.investorideas.com/news/2024/mining/01021DEFN-Canadian-Mining-Report.asp

 

Excerpt

 

A global war for critical minerals is underway.

 

China has just escalated its export restrictions for a technology used to produce magnets for high-technology, biotech, and defense industries. .

 

These magnets are made of a critical group of minerals called rare earth elements (or REEs)… .

 

Before that, China banned technologies to extract and separate REEs….

 

It’s one technology ban after another… and it concerns one of the most critical yet overlooked groups of minerals.

 

China is home to about 70% of the global REE supply, and that’s a problem for the rest of the world.

 

The country’s government can single-handedly halt the output of REEs. And it looks like it has been taking steps in that direction.

 

China Chokes the Global REE Supply Chain

On December 21, the Chinese Ministry of Science and Technology and the Ministry of Commerce updated their catalog of technologies subject to export bans and restrictions.

 

It was a Christmas “gift” for the West and an escalation in a trade war that few investors are aware of.

 

This “war” has been going on for months. Back in July, China imposed restrictions on gallium and germanium. (Gallium is used to produce heat-resistant semiconductor wafers; germanium is used as a semiconductor.)

 

In November, China introduced restrictions on the export of graphite , a mineral widely used in electric vehicle batteries.

 

And now rare earths are on the list…

It could only get worse in the future. The geopolitical tensions between China and the West are at their multi-decade highs. And the looming war in Taiwan makes both parties worried about advanced military technologies and the components they need.

 

The global rare-earth-element supply chain could crumble under the weight of this global confrontation.

 

REEs Are Critical for the Modern War Technology

If you have been following the latest conflicts, you have noticed that drones have become a critical weapon for both surveillance and attack.

 

From Ukraine to Iran and Gaza, drones are used to detect targets and direct precision-guided munitions.

 

They are cheap to manufacture and expensive to take down… they are a perfect weapon.

 

There is only one problem. Drones need rare earth elements for navigation and flight control, as well as path planning and obstacle avoidance.

 

Rare earth elements are also a critical element of magnets used in all sorts of high-tech applications, from electric vehicle motors to fighter jets. For example, an F-35 fighter jet is estimated to contain about 920 pounds of REEs.

 

The magnets made from REEs are powerful and light. And there is no direct and economically viable substitute for them available yet.

 

By some estimates, the U.S. military needs about 3,000 tons of REE-based magnets per year.

 

Including other uses, the country may need up to 15,000 tons of REE magnets per year.

 

And there is no robust domestic supply chain for this important technology yet.

 

However, this massive need for REE technology has started a revolution in the North American mining industry

 

Read the full article

https://www.canadianminingreport.com/news/custom/a-massive-catalyst-for-this-tech-defense-play

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element project 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”.

 

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

http://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

 

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 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.sedarplus.ca. 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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