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Defense Metals Stock Price, News & Analysis

DFMTF OTC

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. (DFMTF) maintains this dedicated news hub for stakeholders tracking its Wicheeda Rare Earth Elements Project in British Columbia. Access official updates about metallurgical advancements, strategic partnerships, and operational milestones in the critical minerals sector.

This resource centralizes all material developments including pilot plant results, pre-feasibility study updates, and regulatory progress. Investors will find timely announcements about resource estimates, processing innovations, and government collaborations shaping this high-potential rare earth operation.

Content focuses on verifiable operational progress without speculative commentary. Key updates cover hydrometallurgical testing outcomes, infrastructure developments at the Wicheeda site, and production strategy refinements. All information is sourced directly from company disclosures to ensure compliance with financial reporting standards.

Bookmark this page for streamlined access to Defense Metals' latest technical reports, partnership announcements, and market positioning updates. Check regularly for new developments in rare earth extraction technologies and North American critical mineral supply chain initiatives.

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Defense Metals Corp (TSXV: DEFN) (OTCQB: DFMTF) has announced several key executive appointments and board changes. Mark Tory has officially started his role as President and Chief Executive Officer, taking over the President position from Dr. Luisa Moreno, who will remain on the Board of Directors. Mr. Tory has also been appointed to the Board of Directors.

The company announced that Martin Cronin did not seek re-election at the recent Annual General Meeting but will continue serving as an advisor. Additionally, Alex Heath has been appointed as Corporate Secretary while maintaining his current role as SVP Corporate Development & Interim CFO.

The Board of Directors now consists of six members: Suzanne Folsom, Luisa Moreno, Guy de Selliers, Dale Wallster, Ted Kavanagh, and Mark Tory.

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Defense Metals Corp (TSXV: DEFN) (OTCQB: DFMTF) released a shareholder letter from Executive Chairman Guy de Selliers highlighting recent developments and upcoming milestones. The company expects to release pre-feasibility study results in early February, managed by Hatch with support from SRK and other experts.

The company recently strengthened its management team with new CEO Mark Tory, raised C$4 million in October through a secured convertible note (including C$1.7 million from the Chairman), and maintains strong relationships with stakeholders including the McLeod Lake Indian Band. The company is in discussions with potential partners and off-takers, who have received samples of their concentrate/carbonate from pilot plant testing with positive feedback.

The Wicheeda rare earths deposit is highlighted as one of North America's premier deposits, featuring good grade, favorable mineralogy for high-grade concentrate production, excellent infrastructure access, skilled labor availability, and strong government and First Nation support.

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Defense Metals (TSXV: DEFN) (OTCQB: DFMTF) has announced the grant of 9,950,000 incentive stock options to directors, officers and consultants. The options are structured as follows: 8,850,000 options at C$0.125 per share, 400,000 options at C$0.205 per share, and 700,000 options at C$0.26 per share. All options have a five-year exercise period and are subject to TSX Venture Exchange approval and certain vesting provisions.

The company's Executive Chairman, Guy de Selliers, emphasized that these options are important for attracting and retaining talent needed for the Wicheeda Project, with a Prefeasibility Study expected in Q1 2025.

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Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) held its annual general meeting on December 18, 2024, where shareholders made several key decisions. The board of directors was set at five members, with all nominees successfully elected. P.E. Ted Kavanagh and Suzanne Rich Folsom received the highest approval rates at 99.98% each, while Guy de Selliers de Moranville secured 98.76% of votes. Dr. Luisa Moreno and Dale Wallster each received 92.82% approval. Shareholders also approved the appointment of Crowe MacKay LLP as auditor, authorized directors to fix auditor remuneration, and approved a new 10% rolling omnibus incentive plan.

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Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) announces its Annual General Meeting scheduled for December 18, 2024, in Vancouver. Due to the ongoing Canada Post strike, the company advises shareholders that Proxy Materials can be accessed on SEDAR+ and the company's website. The meeting agenda includes reviewing annual financial statements, electing five directors, appointing Crowe MacKay LLP as auditor, and approving a new 10% rolling omnibus plan.

Registered shareholders can contact the company directly for proxy assistance, with a voting deadline of December 16, 2024, at 11:00 a.m. PST. Beneficial shareholders should contact their brokers or the company for voting materials. Financial statements and MD&A are available on SEDAR+.

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Defense Metals has announced that the Pre-feasibility Study (PFS) for its Wicheeda Rare Earth Element Project will be released during the week of February 10, 2025. The full PFS report, compliant with National Instrument 43-101 standards, will be filed within 45 days of the initial announcement.

The study is being prepared by Hatch , with contributions from SRK Consulting and other experts. Price projections for the mixed rare earth carbonate have been provided by Argus Media. The company owns 100% of the Wicheeda Project, which aims to support the growing demand for critical minerals in the green energy transition.

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Defense Metals (TSXV: DEFN) (OTCQB: DFMTF) has announced alternative ways for shareholders to access Annual General Meeting materials due to potential disruption from the ongoing Canada Post strike. Materials are available on SEDAR+ and the company's website. Registered shareholders can contact the company directly for proxy materials and voting assistance before the December 16, 2024 deadline. Beneficial shareholders should contact their brokers. Paper copies of meeting materials can be requested by December 9, 2024. The company's financial statements and MD&As are also available on SEDAR+.

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Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) has appointed Mark Tory as CEO, effective January 1, 2025. Tory, who will relocate to Vancouver, brings significant rare earths experience from his previous roles at Northern Minerals, where he served as both CFO and CEO, overseeing the development of the Browns Range Rare Earth Project. He will lead the development of the Wicheeda Project, with Prefeasibility Study results expected in Q1 2025. Tory's experience includes managing exploration, development, and operating mines across various commodities. He is a Chartered Accountant with BBus, MBA degrees and is a Graduate of the Australian Institute of Company Directors.

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Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) has successfully closed a $4 million non-brokered bridge financing of secured convertible notes. The proceeds will fund the completion of the Prefeasibility Study (PFS) for the Wicheeda Rare Earth Element Project, expected to be substantially completed by year-end with final results in Q1 2025. The company plans to launch a Definitive Feasibility Study (DFS) immediately after, with financing expected in Q1 2025.

Defense Metals is also actively searching for a new CEO, with the appointment expected by Q1 2025. The convertible notes bear a 10% annual interest rate, payable quarterly in common shares, and mature in 12 months. Investors can convert the principal into shares at $0.125 per share, with automatic conversion upon certain events. The notes are secured against the company's assets, including the Wicheeda REE Project mining claims.

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Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) has signed a Memorandum of Understanding (MOU) with The Saskatchewan Research Council (SRC) to strengthen the rare earth element (REE) supply chain in Canada. The collaboration aims to leverage both parties' capabilities in the supply and processing of rare earth materials, important for rare earth magnets.

The MOU outlines three main objectives:

  • Exploring collaborations in rare earth product processing and supply
  • Discussing the separation of Defense Metals' mixed rare earth carbonates using SRC's technology
  • Facilitating negotiations for a long-term agreement on the sale and purchase of Defense Metals' mixed rare earth carbonate

This partnership aligns with the Canadian Critical Minerals Strategy, focusing on developing a domestic industry, reducing foreign dependence, and enhancing national security in the REE sector.

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FAQ

What is the current stock price of Defense Metals (DFMTF)?

The current stock price of Defense Metals (DFMTF) is $0.1473 as of July 11, 2025.

What is the market cap of Defense Metals (DFMTF)?

The market cap of Defense Metals (DFMTF) is approximately 33.5M.
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33.47M
289.34M
13.28%
0.38%
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