Welcome to our dedicated page for Defense Metals news (Ticker: DFMTF), a resource for investors and traders seeking the latest updates and insights on Defense Metals stock.
Defense Metals Corp. (OTCQB: DFMTF; TSXV: DEFN; FSE: 35D) generates a steady flow of news centered on the advancement of its 100%-owned Wicheeda Rare Earth Element Project in British Columbia, Canada. This news page aggregates company announcements, project updates, and financing developments related to Defense Metals’ efforts to develop its rare earth deposit.
Readers can find project study updates, including details on the company’s NI 43-101-compliant Preliminary Feasibility Study and its work toward a Definitive Feasibility Study. Defense Metals’ releases describe metallurgical optimization, engineering studies, and evaluation of locations for a planned hydrometallurgical plant, providing insight into the technical progress of the Wicheeda Project.
The company’s news also covers strategic and financial milestones, such as private placement financings, a Letter of Interest from Export Development Canada for potential project financing, and shares-for-debt settlements with advisory and engineering firms. Announcements about a non-binding memorandum of understanding with a potential strategic partner for a possible supply agreement, as well as discussions with downstream processors, appear here as they are disclosed.
Another recurring theme in Defense Metals’ news is stakeholder engagement. Releases highlight the company’s relationship with the McLeod Lake Indian Band, including a Joint Co-Design Agreement and expressions of support for Wicheeda’s development, along with meetings with Canadian government officials regarding critical minerals policy and permitting.
Investors and observers can use this page to follow Defense Metals’ corporate updates, leadership changes, and ongoing interactions with governments, Indigenous partners, and potential strategic counterparties, all as they relate to the Wicheeda rare earth project.
Defense Metals Corp. (OTCQB: DFMTF) announced successful pre-pilot hydrometallurgical test results from its Wicheeda REE Property. The pilot plant produced a concentrate with an average of 7.4% NdPr oxide. Significant improvements include increasing manganese rejection from ~40% to ~85% with minimal REE loss (~1%) and enhancing concentrate weight reduction over 20%. The property holds indicated resources of 4.89 million tonnes at 3.02% LREO and inferred resources of 12.1 million tonnes at 2.90% LREO. The ongoing optimization aims to reduce acid consumption in the hydrometallurgical process.
Defense Metals Corp. announced successful completion of quarterly stream flow measurements and water quality sampling at its Wicheeda Rare Earth Element property, located 80 km northeast of Prince George, BC. Despite challenging ice conditions, environmental monitoring was completed as part of a two-year baseline program. The Wicheeda project has indicated resources of 4.89 million tonnes averaging 3.02% LREO and inferred resources of 12.1 million tonnes averaging 2.90% LREO. The company plans to continue advancing the project with future economic modeling and a PEA in 2021.
Defense Metals Corp. announced significant advancements in hydrometallurgical testing for its Wicheeda REE Property, achieving 97.3% extraction of rare earth elements from flotation concentrate. The tests improved REE recovery from 91.5% and simplified the processing flowsheet by removing the re-grind step. With indicated resources of 4.89 million tonnes averaging 3.02% LREO, the project showcases strong potential. CEO Craig Taylor emphasized that these improvements enhance process control, de-risking future operations and contributing to the design flexibility of commercial-scale plants.
Defense Metals Corp. has engaged Welsbach Holdings Pte Ltd. to enhance awareness and commercial negotiations for its Wicheeda Rare Earth Element (REE) Property located 80 km northeast of Prince George, British Columbia. The project boasts indicated mineral resources of 4.89 million tonnes with an average of 3.02% LREO. Welsbach will leverage its network in the Asia-Pacific region and beyond to facilitate supply chain agreements. The focus is on negotiating binding commercial REE offtake agreements to advance the project's potential.
Defense Metals Corp. is optimistic about the recent Canadian-US collaboration on electric vehicles and critical minerals, particularly Rare Earth Elements (REE). CEO Craig Taylor highlighted ongoing engagement with government agencies regarding the Wicheeda REE Property, which spans 1,708 hectares near Prince George, British Columbia. The property boasts indicated resources of 4.89 million tonnes at 3.02% LREO and inferred resources of 12.1 million tonnes at 2.90% LREO. The company anticipates a busy year ahead, reinforcing its strategic positioning in the market.
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Defense Metals Corp. has appointed Andrew Leland as a Strategic Advisor, effective immediately. Leland, with a background as a Systems Engineer at Lockheed Martin, is expected to leverage his expertise to secure partnerships and offtake agreements for the company. He served in the U.S. Army and has extensive experience in the defense sector. The company’s Wicheeda REE project holds indicated resources of 4.89 million tonnes at 3.02% LREO. The appointment comes at a critical time as demand for Rare Earth Elements grows, highlighting the need for secure supply chains.
Defense Metals Corp. has announced the successful completion of flotation pilot plant processing for its Wicheeda Rare Earth Element property, confirming its laboratory processes at pilot scale. The project has an indicated resource of 4.89 million tonnes at 3.02% LREO. The pilot results indicated a recovery rate of 77.3%, producing 1,200 kg of high-grade REE concentrate with a TREO grade of 51.6%. The company is exploring further enhancements for cost savings in processing and aims to advance towards hydrometallurgical pilot trials.
Defense Metals Corp. (OTCQB: DFMTF) announced the submission of a technical paper on the Wicheeda Rare Earth Element (REE) Deposit to the COM2020 conference. The Wicheeda Deposit hosts indicated resources of 4,890,000 tonnes at 3.02% LREO and inferred resources of 12,100,000 tonnes at 2.90% LREO. The paper details a successful test program yielding high-grade concentrates up to 54% TREO with an overall REE extraction rate of 78%. Additionally, Defense Metals has engaged Electrik Dojo LLC for $60,000 to enhance investor relations and market awareness, and granted stock options for 550,000 shares at $0.20 each.
Defense Metals Corp. (OTCQB: DFMTF) has announced a significant development with the Government of Saskatchewan providing $31 million in funding for a new Rare Earth Element Processing Facility. This facility will operate under the Saskatchewan Research Council and will enhance REE processing capabilities in the region. CEO Craig Taylor highlighted the strategic importance of accessing such facilities, especially outside of China, as global demand for REEs is expected to rise significantly in the coming decade.
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