Aug. 28, 2024 /CNW/ - Defense Metals Corp. is pleased to announce a proposed non-brokered bridge financing of secured convertible notes for minimum gross proceeds of CAD$2,500,000 and maximum gross proceeds of up to CAD$4,000,000 . The Company will not proceed with its previously announced private placement of units most recently disclosed in the Company's news release dated August 6, 2024. The Notes will bear interest [...]
Defense Metals Corp. today announced the resignations of Craig Taylor as Chief Executive Officer and Director, and Len Clough, Director, effective immediately. Guy de Selliers, Chairman of Defense Metals, commented: "We are grateful for Craig's contributions to Defense Metals and are saddened to see him leave the company. Under his leadership, the Wicheeda Rare Earth Element Project has progressed to an advanced stage [...]
Defense Metals Corp. is pleased to confirm support from the Government of British Columbia in the development of its wholly owned Wicheeda Rare Earth Element Project. "Rare earth elements play a crucial role in green technologies like wind turbines and electric vehicle motors, and projects such as Wicheeda are integral to BC's critical minerals strategy and the world's energy transition," said Josie Osborne, Minister of [...]
Defense Metals Corp. is pleased to announce the appointment of Guy de Selliers as Chairman of the Board of Directors of the Company. Mr. de Selliers, a director of Defense Metals, is a highly experienced professional with an illustrious career and will bring over four decades of expertise and vision as the Chairman of the Board of Defense Metals. Throughout his career, Mr. de Selliers has been a board member of numerous [...]
Defense Metals Corp. is pleased to announce the appointment of Suzanne Rich Folsom to the Board of Directors of the Company. Suzanne Rich Folsom is an experienced independent director, C-Suite executive, and influential business leader. Most recently she served as Senior Vice President and General Counsel, at Philip Morris International where she was a key leader in the company's transformation. Previously she was General [...]
Defense Metals Corp. is pleased to announce that Ucore Rare Metals Inc. received and tested a Wicheeda mixed rare earth carbonate sample at its Kingston, Ontario, RapidSX™ Commercialization and Demonstration Facility . Ucore confirmed that this testing of the MREC material provides determination of its suitability as an MREC product for commercial-scale processing with Ucore's RapidSX™ technology at Ucore's [...]
Defense Metals Corp. is pleased to announce the appointment of Mr. Guy de Selliers de Moranville as a new director to the Board of Directors. The Company also announces the resignation of Dr. William H. Bird as a Director, who will remain as a rare earth elements industry advisor. Mr. de Selliers is a highly experienced finance professional with an illustrious career. He started his career at the World Bank in the mining [...]
Defense Metals Corp. is pleased to announce the appointment of HCF International Advisers Limited , a leading global independent corporate finance advisory boutique based in London, UK, to conduct a strategic funding review for the Company's wholly-owned Wicheeda Rare Earth Element Project located in British Columbia, Canada. HCF specializes in providing comprehensive financial advisory services with a primary focus on [...]
Defense Metals Corp. is pleased to announce that samples of mixed rare earth carbonate have been shipped to two major Rare Earth Element companies. Samples generated by SGS Canada Inc. in Lakefield, Ontario during 2023 hydrometallurgical piloting test work performed on concentrate produced by earlier flotation pilot plant testing of a 26-tonne bulk sample taken from the Company's wholly-owned Wicheeda deposit have now [...]
Defense Metals Corp. is pleased to provide an update on the metallurgical work programs, undertaken by SGS Canada Inc. and the ongoing Preliminary Feasibility Study work by SRK Consulting Inc. and Hatch Limited , for its wholly-owned Wicheeda Rare Earth Element Project located in British Columbia, Canada. Highlights of Metallurgical Test Work and PFS-related Matters The metallurgical test work required for the PFS has [...]
Defense Metals Corp. is pleased to announce that, further to its news releases on January 17, 2024, it has closed its non-brokered private placement financing of 2,841,678 common shares of the Company at a price of C$0.26 per share, for aggregate gross proceeds of C$738,836.28 . McLeod Lake Indian Band and RCF Opportunities Fund II L.P., following exercise of its participation right, subscribed for 2,557,795 Common Shares [...]
Equity Partnership and Co-Design Agreement Set New Standards in Collaborative Project Development in the Critical Minerals Transition VANCOUVER, BC, Jan. 18, 2024 /CNW/ - The McLeod Lake Indian Band and Defense Metals Corp. , announced today a strategic Equity Partnership and Co-Design Agreement, solidifying their joint commitment to the successful advancement of the Wicheeda Project, a rare earth elements project in [...]