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 [...]
Defense Metals Corp. announces the grant of 9,950,000 incentive stock options to directors, officers and consultants of the Company, subject to TSX Venture Exchange approval. 8,850,000 options are exercisable, each to purchase one common share of the Company for five years at a price of C$0.125 per common share, 400,000 options are exercisable, each to purchase one common share of the Company for five years at a price of [...]
Defense Metals Corp. is pleased to announce the voting results of its annual general meeting of shareholders that took place December 18, 2024 . At the AGM, the shareholders set the size of the board of directors at five. Detailed voting results regarding the election of the directors are as set out in the following table: Director Nominee Number of shares voted for % of shares voted for Number of shares voted withheld [...]
Defense Metals Corp. wishes to notify shareholders that the Company's Annual General Meeting is set to take place on Wednesday, December 18, 2024 at Suite 1012, 1030 West Georgia St., Vancouver, British Columbia, V6E 2Y3 for the following purposes: to receive the annual financial statements of the Company for the fiscal year ended March 31, 2024 together with the report of the auditor thereon; to fix the number of [...]
Defense Metals Corp. is pleased to confirm that it expects to release the results of its Pre-feasibility Study for the Wicheeda Rare Earth Element Project during the week of February 10, 2025. The full PFS report will be prepared in accordance with National Instrument 43-101 standards and filed within 45 days of the initial announcement. The PFS is being prepared by Hatch Ltd., a globally recognized engineering and [...]
Defense Metals Corp. ; wishes to notify shareholders that in case of disruption due to the ongoing Canada Post strike, the Company's Annual General Meeting materials may be viewed on the Company's SEDAR+ corporate website page at www.sedarplus.ca and are also available electronically on the Company's website at https://www.defensemetals.com/downloads. Registered shareholders, shareholders who hold their shares directly in [...]
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