Defense Metals

Defense Metals Corp. (TSX-V: DEFN)(OTC: DFMTF) is a mineral exploration company focused on adnvacing its 1,708 hectare Wicheeda Rare Earth Element (REE) Project located near Prince George, British Columbia, Canada.

Rare earth elements are critical for use in the electric power industry. They have significant military, and national security applications and in the production of green energy technologies, such as, high strength, light weight, rare earth magnets. Defense Metals is well-positioned to meet demand for North American-sourced critical REE’s with one of the highest grade road accessible deposits, with potential to reduce the political and strategic risk of current reliance on Chinese REE sources.

Defense Metals is advancing the Wicheeda REE Deposit through resource expansion drilling, metallurgical optimization, and initiation of
environmental baseline studies. The Wicheeda Property consists of 6 mineral claims covering an area of 1,708 hectares, located approximately 80 km northeast of the city of Prince George, British Columbia. The depositi has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred resources of 12,100,000 tonnes averaging 2.90% LREO; representing a 49% increase in overall tonnage and 30% increase in overall average grade compared to the maiden 2019 resource estimate. Targeting a potential >15 year mine life at 2 million-tonne/year throughput.

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