Defense Metals Corp.

Defense Metals Corp. is pleased to provide an update on the more significant developments that have taken place since its last private placement of shares in May 2025. Project Study Update Following the release of the Pre-Feasibility Study for the Wicheeda project in May 2025 , the Company has been working towards commencing a Definitive Feasibility Study in the first half of 2026. The PFS, prepared in compliance with [...]

Defense Metals announces that it has entered into a shares-for-debt settlement agreement with HCF International Advisers Limited in connection with outstanding debt related to financial advisory services previously provided to the Company. Pursuant to the Agreement, Defense Metals will settle an aggregate of $158,200 in outstanding payables owed to HCF through the issuance of 988,750 common shares at a deemed price of [...]

Defense Metals announces that it has entered into a shares-for-debt settlement agreement with Hatch Ltd. in connection with outstanding debt related to engineering services previously provided to the Company. Pursuant to the Agreement, Defense Metals will settle an aggregate of $846,547.31 in outstanding payables owed to Hatch through the issuance of 5,290,920 common shares at a deemed price of $0.16 per share. In [...]

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 [...]