Defense Metals Corp. is pleased to announce the appointment of David Baker as CFO and Head of Strategy, who will assume his position on August 1, 2025. Mr. Baker earned his Bachelor of Economics and designation as a Chartered Accountant in Australia before settling in Vancouver in 2005 where he completed an MBA at the University of British Columbia and became a Canadian citizen. Mr. Baker worked within the Ivanhoe Mines [...]
Defense Metals Corp. is pleased to announce it has received a Letter of Interest from Export Development Canada , the Government of Canada's export credit agency, expressing its interest in participating as a Mandated Lead Arranger for potential debt financing of up to US$250 million from EDC to support the development and construction of Defense Metals' flagship Wicheeda Rare Earth Element Project, located in British [...]
Defense Metals Corp. is pleased to announce that the Company has closed its previously announced brokered private placement and non-brokered private placement for aggregate gross proceeds of C$5,439,495. Mark Tory, President and CEO commented: "We're very pleased to have closed this financing with strong participation from supportive shareholders and strategic investors. While the broader market remains selective, raising [...]
Defense Metals Corp. is pleased to announce the signing of a non-binding memorandum of understanding dated April 25, 2025 with a major potential strategic partner for entering into a supply agreement representing a significant portion of its planned output. Mark Tory, President and CEO commented: The interest shown by our potential strategic partner reflects growing industry confidence that Wicheeda could indeed become a [...]
Defense Metals is pleased to announce that it has entered into an agreement with Paradigm Capital as lead agent and sole bookrunner, for and on behalf of a syndicate of agents, in connection with a proposed "best efforts" private placement financing for total proceeds of up to approximately $8 million, consisting of up to 11,765,000 flow-through units of the Company at a price of $0.17 per FT Unit and up to 40,000,000 [...]
Defense Metals Corp. announces that it will issue 640,097 common shares of the Company to certain holders of secured convertible notes in full satisfaction of the interest payable thereunder as of April 11, 2025 in the aggregate amount of C$98,632.55 . The Notes mature on October 11, 2025. Additional details regarding the Notes can be found in the Company's news release dated October 11, 2024, which is available under the [...]
Defense Metals Corp. ; is pleased to announce the filing of an independent Pre-Feasibility Study technical report for its 100% owned Wicheeda Rare Earth Element Deposit, located near Prince George, British Columbia, Canada. The effective date of the report is February 28, 2025. The potential of the Wicheeda rare earth element deposit to drive regional prosperity and contribute to global supply chains is underscored by [...]
Defense Metals Corp. is pleased to announce that it has been named as a recipient for funding of up to C$853,825 from Natural Resources Canada's Critical Minerals Infrastructure Fund to support the advancement of infrastructure for its Wicheeda Rare Earth Element deposit, located northeast of Prince George, British Columbia. Highlights: Conditional funding approval for up to C$853,825 from Natural Resource Canada's [...]
• The completion of the Pre-Feasibility Study establishes Defense Metals' Wicheeda Project as one of the most advanced undeveloped rare earth projects in North America or Europe. • The Wicheeda Project economics of pre-tax NPV at 8% of US$1.8 billion and IRR of 24.6% with after-tax payback of 3.7 years are robust. • The breakeven price of NdPrO1 for the project is US$67.60/kg . The operating cash breakeven [...]
Defense Metals Corp. announces that it will issue 491,807 shares of common stock of the Company to certain holders of secured convertible notes in full satisfaction of the interest payable thereunder as of January 11, 2025 in the aggregate amount of C$100,821.92 . The Notes mature on October 11, 2025. Additional details regarding the Notes can be found in the Company's news releases dated October 11, 2024, which is [...]
Defense Metals Corp. is pleased to announce that Mr. Mark Tory has arrived in Vancouver and officially commenced his role with the Company. Mr. Tory will serve as both President and Chief Executive Officer, succeeding Dr. Luisa Moreno in the President role. Dr. Luisa Moreno has resigned as President but will remain on the Board of Directors. Additionally, Mr. Martin Cronin did not stand for re-election at the Company's [...]
Defense Metals Corp. today issued a letter to shareholders from its Executive Chairman, Guy de Selliers, highlighting recent developments and the progress of the pre-feasibility study for the Company's Wicheeda Project. The full letter is embedded in this news release below. Dear Shareholders, As we start 2025, my colleagues and I at Defense Metals look forward to the year ahead with confidence and optimism. We take pride [...]
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