Monday, March 06, 2023

#REE #Stock News- Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Updates Wicheeda Canada Light Rare Earth Element Deposit Geological Model; @defensemetals

 

#REE #Stock News- Defense Metals (TSX-V:  $DEFN.V) (OTCQB: $DFMTF) Updates Wicheeda Canada Light Rare Earth Element Deposit Geological Model; @defensemetals

 

Advances Toward Updated Mineral Resource Estimate and PFS

 


Vancouver, British Columbia – March 6, 2023Investorideas.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 report its technical team has completed updates to the Wicheeda Rare Earth Element (REE) Deposit 3D geological model. The geological model and resource estimation domain update, which incorporates over 10,000 metres of additional drilling within 47 diamond drill holes completed during 2021 and 2022 following completion of the Wicheeda Deposit preliminary economic assessment (PEA), is preparatory to updating the Wicheeda Deposit mineral resource estimate (MRE) and is an essential input to the planned pre-feasibility study (PFS).

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2023/mining/03061DEFN-Wicheeda-Canada.asp

 

Key Highlights of Updated Geological Model

Ø  Updated geological model and resource estimation domains incorporate over 10,000 metres of new drilling within 47 holes completed post-PEA (Figure 1).

Ø  New drilling designed to contribute to increase mineral resource confidence from inferred to indicated and measured categories and provide detailed pit-slope geotechnical drilling data for PFS purposes.

Ø  Advanced understanding and confidence in primary lithological and magmatic emplacement controls on mineralization within the Wicheeda REE carbonatite deposit.

Ø  Potential opportunities for mineral resources expansion, and late mine-life grade support within north area of Wicheeda Deposit.

Ø  Coordination of geological model, estimation domains and geometallurgy present positive implications for further REE recovery optimization.

 

Kristopher Raffle, P.Geo., Director of Defense Metals and a Qualified Person stated: “The updated Wicheeda REE Deposit geologic model incorporating of over 10,000 metres of new post-PEA drilling represents a significant Project milestone and culmination of two years’ worth of focussed exploration. This drilling has yielded some of the longest and highest-grade drill intercepts to date on the Project and led to the discovery of a new zone of high-grade mineralization at depth that has the potential to positively impact an updated mineral resource estimate. We look forward to next steps including final geological model validation before proceeding to an updated mineral resource estimate, which we hope to carry forward into the planned PFS.”

 

 

 


 

Figure 1: Wicheeda Deposit Updated Geological Model Showing PEA Mineral Resource Pit Shell (isometric view looking east)

 

Geological Model Details

Diamond drilling during 2021 and 2022 comprising 47 diamond drill holes totalling 10,876 metres has now been incorporated into an updated geological model for the Wicheeda Deposit. Most of the post-PEA drilling was designed to increase mineral resource confidence from inferred to indicated and measured categories, define the northern terminus of the Wicheeda carbonate complex, and to provide detailed geotechnical and hydrogeological drilling data for advanced pit slope and mine design for PFS purposes. 

 

The expansive 2021 and 2022 Wicheeda drill campaign resulted in some of the longest and highest-grade drill intercepts returned from the Project; including resource infill drill hole WI21-58 that returned 3.09% total rare earth oxide (TREO) over 251 metres, and WI22-68 yielding 6.70% TREO over 18 metres. Discovery of deep high-grade REE dolomite-carbonatite within the north area of the Wicheeda Deposit during the 2021 drill campaign yielding 3.17% TREO over 196 metres; including 4.29% TREO over 55 metres to a depth of 201 metres extending 30 metres below the resource pit shell (see Defense Metals news release dated March 2, 2022). This intercept, further delineated during 2022, is considered to offer significant potential for resource expansion and late mine-life resource grade support.

 

Post PEA drilling has resulted in a significant improvement in confidence and understanding of the primary lithological and magmatic emplacement controls on mineralization within the Wicheeda REE carbonatite deposit. This manifests as enhanced understanding of the role played by the volumetrically larger early syenite complex rocks, followed by the interpreted emplacement of late REE mineralized dolomite-carbonatite and attendant carbonatitic breccia zones that may represent early syn-carbonatite ground preparation exploiting pre-existing zones of structural weakness and/or a syn-carbonatite intrusion breccia halo.

 

The recognition that significant REE grades occur within dolomite-carbonate rocks, as coherent magmas within the core of the deposit, and as an extensive complex network of proximal syenite-carbonatite breccia zones has important geo-metallurgical implications that have been the focus of ongoing testwork facilitated by the extent of post-PEA diamond drill campaigns (see Defense Metals news release dated February 14, 2023).

 

The 2020 Wicheeda Deposit MRE was based on a total of 27 diamond drill holes totalling 4,249 metres of drilling during 2019 by Defense Metals and 2008 and 2009 by previous operators. Drilling during 2019 by the Company of 13 holes totalling 2,005 metres resulted in a 94% increase on a contained metal basis versus the Company’s initial 2019 MRE (see Defense Metals news release dated May 13, 2020).

 

The updated PEA MRE based on the same drilling resulted in a further 36% increase on a contained metal basis in comparison to the 2020 MRE due to the estimation of additional economically significant medium and heavy REE’s and a lower cut-off grade established based on consideration of TREO and concentrate payable, metallurgical recovery, and operating cost assumptions[1].

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, Alberta, who is a director of Defense Metals and a “Qualified Person” (“QP”) as defined in NI 43-101. Mr. Raffle has verified the data, which included a review of the sampling, analytical and test methods underlying the data, information and opinions disclosed herein.

 

About the Wicheeda REE Property

Defense Metals 100% owned, 4,262-hectare (~10,532-acre) Wicheeda Light REE property is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. The Wicheeda REE Project 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% IRR1. 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 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 a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power markets, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Light Rare Earth Element Deposit located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forwardlooking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, completion of the planned PFS, the Company’s plans for its Wicheeda REE Project, expected results and outcomes from the updated MRE, 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.comWhile 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 forwardlooking statements or forwardlooking 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/  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp  Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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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).

 

Friday, March 03, 2023

#Cleantech and #ClimateChange #Podcast - #Solar stocks long term bet has paid off and outperforms market - can they do it again?



 

 

 

#Cleantech and #ClimateChange #Podcast - #Solar stocks long term bet has paid off and outperforms market - can they do it again?

 

Solar stocks discussed: (NASDAQ: $RUN) (NASDAQ: $SEDG) (NASDAQ:$ENPH)  (NASDAQ: $FSLR) (CSE:  $SUNN.CN)

 

Vancouver, Kelowna, Delta, BC, March 3, 2023- Investorideas.com, a global news source and leading investor resource covering cleantech stocks issues a new solar stocks edition of the Cleantech and Climate Change Podcast     

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/030323-CleanTech.mp3

 

Read this in full at https://www.investorideas.com/news/2023/cleantech-podcasts/03031Solar-Stocks.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Trasncript:

 

While everyone was buzzing about Bitcoin and EV stocks, solar stocks over the past five years have really turned heads and made serious gains for investors. After getting hit hard by Covid-19 and supply chain issues, they have become some of the really big success stories in the market. Based on most of them beating recent earnings estimates, this sector may continue to shine.

 

According to a recent article on Tipranks.com “Steve Cohen, the billionaire Chairman and CEO of global asset management firm Point72, built his fortune using a high-risk/high-reward strategy and he evidently thinks the solar industry is a place to be right now. He recently loaded up on two names operating in the sector, Sunrun Inc. (NASDAQ: RUN) and SolarEdge Technologies, Inc. (NASDAQ: SEDG)

 

Moving forward for Sunrun Inc. (NASDAQ: RUN) looking at data from Tipranks.com-““Based on 10 Wall Street analysts offering 12 month price targets in the last 3 months, the average price target is $40.70 with a high forecast of $65.00 and a low forecast of $31.00. The average price target represents a 71.88% change from the last price of $23.68.”

 

SolarEdge Technologies, Inc. (NASDAQ: SEDG) 5 year price total return is 543.3% according to Finbox.

 

 

Enphase Energy, Inc. (NASDAQ: ENPH), according to a recent article in Benzinga, has outperformed the market over the past 5 years by 119.59% on an annualized basis producing an average annual return of 127.75%.

 

“If an investor had bought $100 of ENPH stock 5 years ago, it would be worth $6,349.24 February 27, 2023 based on a price of $210.16.”

 

According to Tip Ranks, “Based on 20 Wall Street analysts offering 12 month price targets for Enphase Energy in the last 3 months, the average price target is $303.74 with a high forecast of $365.00 and a low forecast of $250.00. The average price target represents a 43.57% change from the last price of $211.56.”

 

First Solar, Inc. (NASDAQ:FSLR) recently reported earnings and said in their release, “We finished 2022 with a record contracted backlog, a significant pipeline of bookings opportunities, and a strong balance sheet placing us in a position to respond to emerging opportunities,” said Mark Widmar, CEO of First Solar. “This momentum is driven by our points of differentiation, including our unique CdTe technology, vertically integrated manufacturing process, domestic production, and commitment to Responsible Solar. We enter this year in a significantly stronger commercial, operational, and financial position, with increased R&D investment, new domestic and international capacity coming online, and a new Series 7 product.”

 

A new solar stock was listed yesterday on the CSE; SolarBank Corporation (CSE: SUNN). The IPO traded between $1.75 and $2.00 on its opening day, closing yesterday March 2nd a $1.90.    

 

SolarBank is an independent renewable and clean energy project developer focusing on distributed and community solar projects in Canada and the USA. The Company develops solar projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading solar markets including projects with utilities, host off-takers, community solar, and virtual net metering projects.

 

Looking at the past five years solar stocks remind me of the movie, “While You Were Sleeping”, with Sandra Bullock. Her character Lucy is in  obsessed and in love with a comatose patient, waiting for him to wake up and meanwhile  brother, the guy meant to be for her, is right in front of her the whole time.  

 

Sometimes as investors we are like Lucy, waiting for our stocks to wake up and recover, while there is something in front of us even better.

 

Maybe investors need to fall in love with solar stocks all over again.

 

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

 

Host –Dawn Van Zant

 

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

For investors following cleantech stocks we do have a directory of publicly traded stocks including solar stocks – visit

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

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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Wednesday, March 01, 2023

#GreenMetals #Stock News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Favourable Comminution Data for the Wicheeda Deposit; @defensemetals

#GreenMetals #Stock News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Favourable Comminution Data for the Wicheeda Deposit; @defensemetals

 

Vancouver, British Columbia – March 1, 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 report favourable comminution results on multiple samples extracted from the Wicheeda deposit.  The data allows the design of the crushing and grinding plant that will be an integral part of the planned Wicheeda development. These data are essential inputs to the upcoming pre-feasibility study (PFS).

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2023/mining/03011DEFN-Comminution-Data-for-Wicheeda.asp

Comminution, i.e., crushing and grinding, will be the first step in the processing of material mined from the Wicheeda deposit.  In the process, coarse, as-mined, rocks are reduced in size to sand-like particles, typically less than 1 mm in size, and suitable for upgrading by flotation or other means. Comminution usually accounts for a significant percentage of the energy demand, production cost and carbon footprint of a mineral processing plant.

 

John Goode, Metallurgy Advisor, stated: “Comminution tests on seventeen variability samples and a Master Composite show that the ore is soft, amenable to conventional grinding operations and has a low abrasion index. The recent results confirm, and expand on data obtained from a 30 t bulk sample taken in 2019.  The data show that a conventional semi-autogenous grinding (SAG) mill-ball mill circuit will work well and that grinding energy and supply costs will be relatively low.”

 

Key Highlights:

Ø  The Wicheeda variability samples and Master Composite were studied using the industry-standard SMC test to determine amenability to, and sizing design parameters for, SAG processing.  The A x b value averaged 97 and the SAG Circuit Specific Energy (SCSE) averaged 7 kWh/t indicating a very soft ore. 

Ø  The Bond rod mill work index test was applied to the Master Composite and returned a value of 10 kWh/t – which again indicates a very soft feed material.

Ø  The Bond ball mill work index test was applied to all samples and resulted in an average of 10 kWh/t using a 65-mesh closing screen.  This again indicates a very soft feed material.

Ø  A standard Bond abrasion test was performed on the Master Composite and returned a value of 0.059 g meaning a very low consumption of grinding balls and mill liners is anticipated.

Ø  The Bond ball mill work index and abrasion index data for these new samples are very similar to the values obtained on the 2019 bulk sample taken from the Wicheeda deposit giving additional confidence in the new data.  Comminution data for the 2019 bulk sample were used during preparation of the 2021 Independent Preliminary Economic Assessment1.

 

Methodology

Seventeen variability samples and a Master Composite were made from drill core taken from the Wicheeda deposit. The variability samples covered different lithologies, depths, areas and grades of the deposit.  The Master Composite had a mass of 260 kg and included all lithologies in the approximate ratios of their mass in the deposit.

SGS Lakefield performed all of the comminution tests. The SMC testing protocol is an industry-standard method of evaluating the amenability of material to grinding in a semi-autogenous grinding (SAG) mill.  The Bond rod and ball mill indices and abrasion index are also industry-standard tests performed on crushed ore and are essential to the accurate sizing of a grinding circuit.

The comminution data will be used, along with other information, during the upcoming pre-feasibility study (PFS) to design the comminution circuit for the Wicheeda project.

 

PDAC Convention, Toronto, March 5 - 8, 2023

The Company is also pleased to announce that it will be attending this year’s Prospector’s and Developer’s Annual Convention (PDAC) in Toronto, Ontario, Canada from Sunday, March 5 to Wednesday, March 8, 2023.

 

The Company’s management team, members of the Board of Directors and technical advisors will be available during the convention (www.pdac.ca/convention) and invite you to drop by Booth #2500 in the Investors Exchange in the Metro Toronto Convention Centre from March 5 - 7, 2023, 10 a.m. to 5 p.m. and March 8, 2023, 9 a.m. to 12 p.m. to discuss the Company’s latest activities and plans for 2023 and onward.

 

In addition, we invite you to attend the following presentation at PDAC, which includes Kris Raffle, P.Geo, a director of the Company, presenting on behalf of Defense Metals at 2:14 p.m.: Electric materials / Rare earth elements (REE), Room 801B - MTCC Level 800.

 

Qualified Person

The scientific and technical information contained in this news release, as it relates to the Wicheeda Rare-Earth Project, has been reviewed and approved by John Goode, P. Eng., who is a Qualified Person as defined by National Instrument 43-101 and who has provided the technical information relating to metallurgy in this news release.

 

About the Wicheeda REE Property

Defense Metals 100% owned, 4,262-hectare (~10,532-acre) Wicheeda REE property is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. The Wicheeda REE Project 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 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 a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power markets, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Deposit located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forwardlooking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, completion of the PFS, attending PDAC, the Company’s plans for its Wicheeda REE Project, expected results and outcomes from the comminution data, 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.comWhile 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 forwardlooking statements or forwardlooking 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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[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).