#Cleantech #Stock News: Solar Integrated Roofing (OTC: $SIRC) Reports 7 Acquisitions Projecting Over $78 Million in Annual Revenue; @SIRCStock

#Cleantech #Stock News: Solar Integrated Roofing (OTC: $SIRC) Reports 7 Acquisitions Projecting Over $78 Million in Annual Revenue; @SIRCStock

 

EL CAJON, CA / January 19, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, today announced that it has signed a series of binding Letters of Intent (LOIs) as part of its planned acquisition of seven companies, adding an anticipated $78 million in incremental annual revenue.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/01191SIRC-7-Acquisitions.asp

 

Management plans to integrate the following seven firms into the SIRC family of companies:

 

1.    Storm Ventures Group ("SVG"), a respected industry contractor consulting firm

2.    Standard Eco, a licensed engineering, procurement and construction (EPC) solar provider with a presence spanning five states and over 4,000 solar installations

3.    Eco Management, a licensed EPC solar provider with a presence spanning four states and over 2,000 solar installations

4.    BVI Solar, a California licensed roofer and solar contractor which has been party to over 1,000 solar installations – founded by an early pioneer of the solar roof concept, which later became the CertainTeed Apollo II Solar Shingle

5.    Bel Aire Construction and Development, an established property development firm to drive the development of green housing developments, driving notable synergies across the SIRC family of companies

6.    Music City Roofing, a very highly-rated roofer in Tennessee, with over 5,000 roofs replaced and over 3,400 roofs repaired since inception – while furthering a charitable mission centered on giving back to the local community

7.    Heartland Constructors, a licensed EPC and a premier west Texas solar provider which has served as a lucrative referral source for SIRC – referring a nationwide EV charging station contract spanning over 200 apartment complexes as well as several high-value solar projects

 

“This extremely exciting series of planned acquisitions represent a significant expansion of our business, growing our revenue by an expected $78 million annually,” said David Massey, Chairman and CEO of Solar Integrated Roofing Corp. “These acquisitions are a testament to our focus on identifying exciting niche industries to leverage our vast network and generate additional revenue through synergies and cross-selling. Given our planned transition to a more traditional December 31^st year-end, we don’t anticipate these acquisitions will have any adverse effects on our plan to uplist to the OTCQX by mid-March, following a successful near-term uplist to OTCQB.

 

“These all-cash, no-dilution planned acquisitions are made possible through our strong relationship with Arbiter Bank, who has served as a valued financing source – enabling our mutual growth. We anticipate that these acquisitions, given the inherent synergies from being part of the SIRC family of companies, have the potential to pay for themselves within two years. I am incredibly proud of our team’s ability to find attractively priced companies, efficiently integrate them into our corporate structure and drive sale and operating synergies firm wide. This has proven instrumental to our ability to create sustainable, long-term value for all stakeholders.

 

“We eagerly await our Discord Q&A session with shareholders this afternoon – interested investors can learn how to join by clicking here. I will be joined by special guest Darin Pastor from Arbiter Capital at 4:00pm Pacific time today. I look forward to continued operational execution in the coming year, striving to create a clear national leader in the solar power, EV charging and roofing sectors,” concluded Massey.

 

Pablo Diaz, CEO of USA Solar Networks and President of Solar Integrated Roofing, added: “Reflecting on my experience as the CEO of a Company acquired by SIRC, I am thrilled to welcome these seven companies – each clear thought leaders in their respective fields – to the SIRC family of companies. Our revenue increased by several fold since joining SIRC, which was made possible through the countless synergies, deep resources, technology and incredible corporate infrastructure that SIRC has to offer. Looking back, joining SIRC was the best business decision I have made in my life. I look forward to working closely with each of the acquired companies to help them spread their wings and reach their full potential, creating value for our shareholders.”

 

Closing of any potential acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals. The seven aforementioned planned acquisitions are being purchased for an aggregate $21.6 million in cash proceeds, with no new shares issued and no dilution taking place.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter, Facebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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Finding a Cleaner Future with #CleanAir #Tech; (OTCQB: $SING) (NASDAQ: $AUVI) (NASDAQ: $AERC) (OTCQB: $KNRLF) @_singlepoint_ @AppliedUv @AeroCleanOffl @KontrolGroup

 

Point Roberts WA, Delta, BC –January 19, 2022 - Investorideas.com, a leading investor news resource covering clean energy and clean air solution stocks releases a special report featuring  cleantech pioneer, SinglePoint Inc. (OTCQB: SING).

 

Read this article, featuring SING in full at https://www.investorideas.com/news/2022/renewable-energy/01192SING-Clean-Air-Tech.asp

 

According to a new report from ResearchandMarkets, “Increasing air pollution, urbanization, and industrialization severely degrade air quality, which worsens when natural calamities such as wildfires occur. The spread of the SARS-CoV-2 virus (COVID-19 pandemic) and rising public awareness of the dangers of air pollution significantly accelerated the demand for air purification units in residential and commercial sectors.”

 

“The industry's need of the hour is the development of cost-effective and efficient air purification systems capable of eliminating all types of indoor air pollutants.” the article concluded.

 

SinglePoint Inc. (OTCQB: SING) subsidiary BOX Pure Air, a company dedicated to creating safe, clean, indoor air zones to improve overall air quality and general health recently announced the receipt of a purchase order from a North Carolina school district to fully implement a clean indoor air solution utilizing the AirBox™ Apex, Peak and Mesa units. This is the Company's first larger purchase totaling nearly $2.0M dollars. The North Carolina school district is implementing a full campus solution customized to the specific needs within the various indoor rooms' combination of units. AIRBOX AIR PURIFIERS™ are commercial-grade solution built in the USA that uses Certified HEPA filtration with high velocity to affect the dynamic room air flow for a comprehensive pathogen hardened solution. AirBox is high quality, requires low maintenance, is easy to use and offers a 5-year warranty on all products.

 

From the news: "The team at BOX Pure Air have collaborated with this district since the early spring of 2021 in order to create safe indoor air environments. We are pleased with their decision to move forward with our Made in the USA Commercial AIRBOX Air Purification Units that utilize Certified HEPA filtration distributed by BOX Pure Air. This is the first full implementation order of an entire district and although this district represents less than 25 schools, we are in active discussions with several other individual schools and small, medium and large school districts. The indications of interest from school Superintendents, Facilities Managers and other key decision makers continues to accelerate and we continue to see incremental increases in orders coinciding with actual availability of the federal funding," stated Ryan Cowell, CEO of BOX Pure Air.

 

EPA studies of human exposure to air pollutants indicate that indoor levels of pollutants may be two to five times — and occasionally more than 100 times — higher than outdoor levels. These levels of indoor air pollutants are of particular concern, because most people spend about 90 percent of their time indoors.

 

School districts are increasingly interested in providing cleaner indoor air quality in areas of the building where it can be difficult to enforce social distancing. In addition to COVID, the common cold and flu often rapidly spreads throughout schools during the winter months. This causes many students and faculty undue missed days of school impacting both the child's education and their families at home. The national government funding that is now being deployed will enable the schools to purchase high efficiency portable air purification units that utilize certified HEPA filtration to improve the health and well-being of students and staff within our nation's schools.

 

"This is an exciting time for the SinglePoint shareholders and stakeholders as we are beginning to see growing demand for clean indoor air solutions and we are well-positioned to take advantage of that increasing demand to create clean indoor air environments at school, at work and at home. This initial full implementation of a school district reaffirms our decision to acquire BOX Pure Air and the initial go-to-market strategy which was and still is primarily focused on our nation's schools as they look for solutions to keep schools open and provide clean air for students and educators. While the aggregate size of this school district is small the opportunity for SinglePoint shareholders is large as there are over 130,000 K-12 schools in the US. The team at BOX Pure Air has done a phenomenal job securing initial orders not just in K-12 schools but within various colleges and universities as they look for similar solutions within the common educational areas but also within on-campus student residence halls and dormitories. We expect that BOX Pure Air will continue to secure additional sales in the near term and continue to establish itself as a leader in creating safe, clean indoor air zones as clean indoor air can no longer be ignored and is an essential right," commented Wil Ralston, CEO of SinglePoint.

 

Units will be deployed throughout the district's schools in elementary, middle and high school classrooms, cafeterias, libraries administrative offices, teachers lounges, counseling centers, media centers, conference rooms, multi-purpose rooms, common areas, nurses offices, auditoriums, gymnasiums, locker rooms, film rooms, weight rooms, etc. The units were purchased as a long-term solution comprised of AirBox™ Commercial Air Purifiers utilizing Antimicrobial and Certified HEPA Filters and additional filters designed for coverage over the next three years.

 

Speaking to investor and institutional interest being attracted to the industry, Applied UV, Inc. (NASDAQ:AUVI) (NASDAQ:AUVIP), an industry leader in air and surface pathogen elimination technology recently announced that the underwriters of its previously completed underwritten public offering have exercised their over-allotment option to purchase an additional 400,000 shares of Common Stock, for aggregate gross proceeds of approximately $1.2 million, prior to deducting underwriting discounts, commissions, and other offering expenses.

 

From the news: The Company expects to use the net proceeds of this offering for general corporate purposes, including new investments and acquisitions.

 

Applied UV is focused on the development and acquisition of technology that address infection control in the healthcare, hospitality, commercial and municipal markets. The Company has two wholly owned subsidiaries - SteriLumen, Inc. ("SteriLumen") and Munn Works, LLC ("Munn Works"). SteriLumen's connected platform for Data Driven Disinfection™ applies the power of ultraviolet light (UVC) to destroy pathogens safely, thoroughly, and automatically, addressing the challenge of healthcare-acquired infections ("HAIs"). Targeted for use in facilities that have high customer turnover such as hospitals, hotels, commercial facilities, and other public spaces, the Company's Lumicide™ platform uses UVC LEDs in several patented designs for infection control in and around high-traffic areas, including sinks and restrooms, killing bacteria, viruses, and other pathogens residing on hard surfaces within the devices' proximity. The Company's patented in-drain disinfection device, Lumicide Drain, is the only product on the market that addresses this critical pathogen intensive location. SteriLumen's Airocide® products for air purification, developed for NASA and FDA Cleared as class II medical devices, utilize a proprietary photo-catalytic bioconversion technology that draws air into a reaction chamber that converts damaging molds, microorganisms, dangerous pathogens, destructive VOCs and biological gasses into harmless water vapor without producing ozone or other harmful byproducts. Airocide® applications include healthcare, hospitality, grocery chains, wine making facilities, commercial real estate, schools, dental offices, and homes.

 

AeroClean Technologies (Nasdaq: AERC) is also seeing a rise in demand, having recently announced plans to install Pūrgo™ air purification and sanitization devices at MADabolic Jupiter by the end of 2021. Pūrgo™ performance tests conducted on-site compelled the MADabolic Jupiter leadership team to proceed with the installation. Pūrgo™ uses patented, proprietary, UV-C LED technology to significantly reduce and remove harmful pathogens, including allergens, mold, bacteria, fungi, and viruses, like influenza and SARS-CoV-2 (COVID-19) - offering continuous air sanitization as a robust safety measure for clients and staff.

 

From the news: "We have a results-driven mentality with everything we do - from how we run our gym to how we train our athletes. After viewing AeroClean's test data, we knew Pūrgo™ would add a meaningful layer of protection to our space and enhance the safety and comfort of athletes in our studio," said Josh Werner, Franchise Owner of MADabolic Jupiter.

 

Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF), a leader in smart buildings and cities through IoT, Cloud and SaaS technology announced that it is expanding its BioCloud technology global footprint with a Japan-based trading company.

 

From the news: "BioCloud continues to garner international interest given the growing, ubiquitous need for creating safer spaces and monitoring of heating, cooling and ventilation systems (HVAC) in real-time," said Paul Ghezzi, CEO of Kontrol Technologies.

 

Kontrol is partnering with a well-established trading company in Japan that has a 60-year history of large-scale deployment of HVAC and air quality systems. Kontrol and the trading company are negotiating a distribution agreement and are currently working together for technology demonstrations in the region. A distribution agreement is anticipated to be completed in February 2022. The trading company will not be named for industry competitive purposes.

 

Kontrol BioCloud is an operating subsidiary of Canadian public company Kontrol Technologies. The BioCloud technology is a real-time analyzer designed to detect airborne viruses and pathogens. BioCloud is an air quality technology and not a medical device. BioCloud has been designed to operate as a safe space technology by sampling the air quality continuously. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and a silent notification system is created.

 

Following the press release dated January 5th, 2022, Kontrol has provided an update on additional performance testing of the BioCloud technology at a level two lab. The additional testing was performed in conjunction with new interface features which were designed to be utilized and shared by researchers and applicable customers to validate the presence of the SARS-CoV-2 virus, and the level of detection response to better determine the safety of an area, and effectiveness of current site safety protocols.

 

The need for safe air quality, both indoors and out, is becoming increasingly apparent to both investors and average citizens alike, a similar development to what we’ve seen play out in sectors like Clean Energy and EV’s, as more people have become aware of Climate Change and Fossil Fuel concerns.  As the world continues to wake up to global concerns over air quality, we could see much of this technology go from a state of being seen as a luxury or add on item, to becoming essential to modern business operations.

 

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#Cleantech #Stock Solar Integrated Roofing Corp. (OTC: $SIRC) Announces Record Third Quarter Fiscal 2022 Results; @SIRCStock

#Cleantech #Stock Solar Integrated Roofing Corp. (OTC: $SIRC) Announces Record Third Quarter Fiscal 2022 Results; @SIRCStock

 

EL CAJON, CA / January 18, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, has reported its financial and operational results for the third quarter ended November 30, 2021.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/01181SIRC-Record-Third-Quarter.asp

 

Key Third Quarter and Subsequent Highlights

·        Revenue for the third quarter of fiscal 2022 increased 964% to $48.2 million, as compared to revenue of $4.5 million in the same year-ago quarter.

·        Secured lease agreement with Mohave Farms, a tier-1 multi-generational agriculture operator, to build and operate a $36 million micro-grid project for a 20,000 acre farm near Kingman, Arizona.

·        Partnered with Heartland Construction, a national alternative energy developer, to provide electric vehicle (EV) charging station installations for Heartland solar projects.

·        Formed a strategic partnership with Storm Ventures Group ("SVG") and SVG University to educate contractors within the SVG network on the benefits of adding solar to their service offering via USA Solar Networks, a member of the SIRC family of companies.

·        Partnered with the Founders of RxSeedCoin, a cryptocurrency asset listed on the Stellar Exchange, to develop a cryptocurrency funding solution for humanitarian commercial solar projects.

·        Appointed an experienced executive team to support the Company’s rapid growth, including veteran finance executive Wanda Witoslawski as Chief Financial Officer, industry executive Pablo Diaz as President and respected operations executive Dr. Philip Yin as Chief Operating Officer of SIRC subsidiary, USA Solar Networks.

·        Appointed renewable energy finance executive Héctor Peña to the Board of Directors.

·        Initiated targeted program to realize significant cost synergies across the SIRC family of companies, creating a shared corporate infrastructure to lower costs and improve operating efficiency.

·        Entered into a $42.0 million equity purchase agreement with Arbiter Capital LLC to be used for share buybacks, acquisitions and to invest in continued organic growth.

 

Management Commentary

“The third quarter of fiscal 2022 was highlighted by record revenue of $48.2 million, driven by seamless integration of our rapidly growing, high-margin acquisitions and our evolution into a truly national brand,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. “The rapid pace of our acquisitions, partnerships and organic sales growth has enabled this incredible record revenue achievement, and we aim towards substantially exceeding our fairly conservative guidance for $100 million in revenue in the twelve months ended May 31, 2022.  However, this is only a fraction of the run-rate I believe we can achieve by the end of this calendar year with significant sequential growth expected throughout CY2022.  It is impossible for me to overstate what a triumphant accomplishment this quarter represents, serving as both a milestone and a turning point in the company’s history.  We continue to focus on integration of our acquired companies, allowing us to capture the full revenue lifecycle of our customers while bringing new synergies and efficiencies across the SIRC family of companies.

 

“Our prominent national brand and accomplishments have helped to attract new partnerships across a wide variety of industries, utilizing our products and expertise across solar, battery backup, EV charging and roofing installation.  From EV power charging stations, to powering water harvesting products, to enabling cleaner poultry farming – our diverse array of end-customers continues to amaze us as they identify exciting, unique use cases for our clean energy solutions.

 

“As we transition into CY2022, we look forward to completing the next phase of our journey by implementing a name change to SolarEV and a planned ticker change to POWR. While our record quarter clearly demonstrates proven success in solar, we intend to redouble our efforts to become an equally dominant, national player in the EV charging space, with an eye towards exponential, dual-industry growth and an improved focus on generating shareholder value.

 

“Looking ahead, empowered by a recent equity purchase agreement with Arbiter Bank, we are setting off on the next leg in our acquisition journey. We have identified several extremely promising candidates with healthy potential at attractive prices that require no dilution whatsoever to our shareholders.

 

“Finally, we will continue and improve upon our ongoing efforts to engage with our shareholders through our frequent Q&A events and presentations. As CEO, I have never been more excited to see what the future holds for our beloved company. I would like to personally thank each and every one of our valued shareholders for their support in making our successful transition to an industry powerhouse possible,” concluded Massey.

 

Third Quarter Fiscal 2022 Financial Results

Revenue for the third quarter of fiscal 2022 increased 964% to $48.2 million, as compared to revenue of $4.5 million in the same year-ago quarter. The increase was driven by the Company’s continued acquisitions, as well as continued organic growth across the SIRC family of companies.

 

Gross profit increased 2,372% to $25.2 million, or 52% of total revenues, in the third quarter of fiscal 2022, as compared to $1.0 million, or 22% of total revenues, in the same year-ago quarter.

 

Total operating expenses for the third quarter of fiscal 2022 were $7.1 million, as compared to total operating expenses of $1.6 million for the same year-ago quarter. The increase was mainly attributable to increased operational scale, driven by a series of acquisitions made in the prior preceding year.

 

Net income for the third quarter of fiscal 2022 was $18.4 million, or $(0.05) per basic and diluted common share, as compared to a net loss of $0.6 million, or $(0.00) per basic and diluted common share, in the third quarter of fiscal year 2021.

Cash and cash equivalents totaled $1.5 million as of November 30, 2021, as compared to $10.3 million at February 28, 2021.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -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 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. Disclosure : this news release featuring SIRC 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/ and tickertagstocknews.com

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#RareEarth #Metals #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Reinforces its Leader Position with Acquisition of Wicheeda #REE Property; @DefenseMetals

#RareEarth #Metals #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Reinforces its Leader Position with Acquisition of Wicheeda #REE Property; @DefenseMetals

 

Vancouver, British Columbia – January 18, 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) announces  that it is reinforcing its leadership team, following the (100%) acquisition of the Wicheeda Rare Earth Element (REE) Property.

 

Read this in full at https://www.investorideas.com/news/2022/mining/01181Defense-Metals-Acquisition-Wicheeda-REE.asp

 

The Company has made the following additions to the Management Team and Board of Directors, as follows:

 

·       Appointment of Dr. Luisa Moreno as President of Defense Metals.

 

Dr. Moreno was first nominated to the Board of Directors on October 25th 2021 and going forward she will be President and Director of the Company. Dr. Moreno is a Physics Engineer, with a Ph.D. in Materials Science and Mechanics from Imperial College London, in the United Kingdom. She has held positions as Senior Analyst, at Toronto based investment banks and as an Investment Research Analyst at a global investment research firm. She is known as a leading analyst in rare earths and strategic minerals specialist.

 

Currently, Dr. Moreno is the Chief Executive Officer of Graphano Energy Ltd. and the Managing Director of Tahuti Global Inc., a company that she founded. As a strategic consultant she has assisted both public and private companies and institutional investors with economic and technical assessments of mineral assets and technologies. She also works with government institutions tasked with mineral development, value addition and supply chain development. Dr. Moreno is also on the board of directors of several companies developing strategic minerals and green technologies.

 

·       Nomination of Dr. William Bird to the Board of Directors.

 

Dr. William H Bird has a unique combination of business credentials and mineral-industry expertise and has a broad experience as officer and independent director for publicly traded mineral-resource companies. For instance, he was the CEO of two publicly traded rare earths companies. He also has a solid academic and research experience. He began his career as a mineralogist with the Anaconda company’s Extractive Metallurgical Research Division, where he worked directly with Anaconda’s worldwide exploration, mine, and metallurgical personnel to solve mineralogical problems. At the University of Colorado, Dr. Bird taught ore mineralogy and microscopy. At Colorado State University, he taught general mineralogy. His research has generally dealt with the mineralogy and ore deposits of precious, base, and minor metals. As a consultant and a company executive, he managed projects involving industrial, ferrous, precious, minor, and base metals. Recently, he has focused on developing low-cost, long-term supplies of the rare-earth elements.

 

Concurrent with his appointment, the Company has granted incentive stock options to Dr. Bird to purchase up to 300,000 common shares of the Company at a price of $0.22 per common share for a period of three (3) years. The options fully vested on the date of grant.

 

Craig Taylor, CEO of Defense Metals commented:

“With the recent completion of a positive and robust PEA, and 100% acquisition of the Wicheeda Project, Defense Metals is entering into a new phase of development, and we are delighted to have the extensive rare earth expertise of Dr. Moreno as President and Dr. Bird as a Director. As President Dr. Moreno’s unique combination of capital markets and strategic minerals specialization will be invaluable as the broader market recognizes the significance of the Wicheeda REE project in the context of North American and global critical minerals space.”

 

About the Wicheeda REE Property

The 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.

 

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

 

Qualified Persons

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 analytical and test data underlying the information and opinions contained therein.

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, 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, Canada1. 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”.

 

 

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).

 

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 Property, the Company’s plans for its Wicheeda Property, and 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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