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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.
Defense Metals Corp. has entered into a Mineral Exploration Agreement with the McLeod Lake Indian Band for its Wicheeda Rare Earth Element project, located northeast of Prince George, Canada. This agreement facilitates communication and cooperation between the parties regarding exploration activities, providing economic opportunities for the local community. CEO Craig Taylor expressed excitement about the partnership, emphasizing its potential for long-term benefits. Chief Harley Chingee noted the importance of working with companies that respect indigenous rights while creating economic opportunities.
Defense Metals announced the completion of its 2022 diamond drilling campaign at the Wicheeda Rare Earth Element (REE) deposit, with over 3,500 meters drilled across 12 holes. Geotechnical drilling for open pit slope design is now in progress, with five additional holes planned. Initial assay results are expected in September or October 2022. The Wicheeda REE Project has a strong preliminary economic assessment, indicating a net present value of $517 million and an internal rate of return of 18%. A management site visit is scheduled for the week of August 15, 2022.
On June 17, 2022, Defense Metals Corp. (OTCQB: DFMTF) announced progress in its diamond drilling campaign at the Wicheeda Rare Earth Element (REE) deposit. The initial two drill holes, totaling 615 meters, aim to establish surface contacts and infill resources, intersecting visually significant REE mineralization. The company plans to complete up to 5,000 meters of drilling to delineate resources and optimize design.
The Wicheeda REE Project, encompassing 4,244 hectares, shows potential with a robust 2021 PEA indicating a $517 million NPV and an 18% IRR.
Defense Metals Corp. has initiated its 2022 diamond drilling program at the Wicheeda Rare Earth Element (REE) deposit in British Columbia. The program aims to complete up to 5,000 metres of drilling to further delineate existing resources and assess exploration targets. Notably, previous drill results showed high-grade intervals with 3.79% TREO over 150 metres, including 8.06% TREO over 12 metres. The project has a promising PEA indicating an after-tax NPV of $517 million and an 18% IRR, highlighting significant potential for future growth.
Defense Metals Corp. (OTCQB: DFMTF) has reported promising results from the Acid Bake process testing on its Wicheeda Rare Earth Element (REE) Project. Initial findings indicate a recovery rate exceeding 95% for neodymium and praseodymium, indicating improved extraction efficiency compared to the previous method. The testing, which began in December 2021, is set to conclude in late 2022 and aims to enhance project economics by potentially lowering capital and operating costs. The Wicheeda Project boasts an after-tax net present value of $517 million and an 18% internal rate of return.
Defense Metals Corp. has engaged SRK Consulting to facilitate geotechnical drilling at its Wicheeda Rare Earth Element (REE) Project in 2022. SRK's role includes planning and executing a pre-feasibility level drilling program aimed at assessing technical risks for open pit slope design. The drilling program will aid in geotechnical characterization and model development to enhance future mine planning. The Wicheeda REE Project boasts a 2021 preliminary economic assessment showing an after-tax NPV@8% of $517 million and an 18% IRR. The project is strategically located near existing infrastructure.
On May 23, 2022, Defense Metals retained Digitonic Limited for investor relations services for approximately four months at a cost of US$100,000. This involves content creation, digital, and video marketing. The company's Wicheeda REE Property, located in British Columbia, has a PEA demonstrating an after-tax net present value of $517 million and an 18% IRR. The agreement is pending approval from the TSX Venture Exchange.
Defense Metals Corp. announced the final results from its 2021 diamond drill program at the Wicheeda Rare Earth Element (REE) deposit, totaling 1,079 metres across five drill holes. Highlights include drill hole WI21-58, which achieved 3.09% TREO over 251 metres, and WI21-59, with 2.76% TREO over 212 metres. The company identified two of the three highest grade x width intercepts during this campaign. Overall, the results indicate significant potential for resource expansion and high-grade mineralization.
Defense Metals Corp. announced results for six diamond drill holes from its 2021 drilling program at the Wicheeda Rare Earth Element deposit, covering 879 metres. Significant intersections were reported, including 3.06% TREO over 145 metres in WI21-54, extending the known zone of high-grade mineralization. The drilling confirms and expands inferred resources, enhancing the geological model. Assay results from the 2021 campaign continue to be released, with additional results expected next week.
On April 5, 2022, Defense Metals Corp. closed a non-brokered private placement, raising $4,558,049.57. This included the issuance of 6,340,057 flow-through common shares at $0.35 each and 8,996,267 units at $0.26 per unit. The proceeds will fund the exploration of the Wicheeda Rare Earth Element Project in British Columbia. The company issued 487,087 finder warrants and incurred finder fees of $162,152.92. Notably, an insider participated in the placement, qualifying as a related party transaction, exempt from formal valuation.
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