Wednesday, May 25, 2022
Defense Metals Corp. (DFMTF)
Important Catalysts on the Horizon
Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Drilling to commence shortly. Defense Metals expects to commence a 5,300-meter drilling program shortly to expand and upgrade resources at the Wicheeda Rare Earth Element Project which will be incorporated, along with results from the 2021 drill program, into a preliminary feasibility study (PFS) to be released during the first half of 2023. The program will also include geotechnical and hydrological drilling to support preliminary feasibility-level mine planning studies.
SRK tapped to assist with geotechnical field drilling program. Defense Metals has retained SRK Consulting (Canada) Inc. to assist with planning and implementing the geotechnical field drilling program, including determining optimal drill locations, data collection methods, and downhole surveying. SRK prepared the January 2022 Wicheeda preliminary economic assessment….
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.