Defense Metals
Financials:
Primary ticker: TSXV:DEFN, OTCQB:DFMTF, FSE:35D
Stage of development: Development
Primary minerals: Critical Metals – Rare Earth Elements
Project to promote: Defense Metals Wicheeda Deposit
Project location: Prince George, British Columbia, Canada
Website: www.defensemetals.com
Corporate presentation: Click here
Corporate video: Click here
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-earth magnets used in wind turbines and in permanent-magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare-Earth Project 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”.
Cash: CAD$3M
Debt: NIL
Major shareholders:
US Global
Marquest Asset Management
Qwest Funds
WCPD Group of Companies
Non Brokered Retail – 75%
Management Ownership – 5%
Management Profile
Luisa Moreno – President & Director
Dr. Luisa Moreno is a Physics Engineer, with a PhD in Materials Science and Mechanics from Imperial College London, in the United Kingdom. She has held positions as Senior Analyst at various Toronto-based investment companies. She is known as a leading analyst in rare earths and has published several reports and articles for the investment community.
As a strategic consultant she assists both public and private companies and institutional investors with economic and technical assessments of mineral assets and technologies. She also works with government institutions tasked with overseeing mineral development, value addition and supply chain development.
Dr. Moreno is a recognized strategic minerals specialist and a common valued guest speaker on television and at international conferences.
What is your rationale for taking part in 121 Mining Investment?
We are looking for a Strategic Investor / Off-take Agreements
What recent news would you like to highlight to investors attending?
Announced June 7, 2022, drilling commencement news release, the Company plans to complete up to 5,000 meters of diamond drilling designed to further delineate existing resources, assess near deposit exploration targets, collect geotechnical and hydrogeological drilling for the purpose of optimization of open pit slope design, and generate additional REE mineralized material for continued metallurgical test work.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Kristopher Raffle, P.Geo., Director and QP of Defense Metals commented: “With the second drill hole of our 2022 resource infill campaign nearing completion, we look forward in the coming days to initiating co-purposed infill and pit slope geotechnical drill holes in the main deposit and PEA mine schedule pit highwall areas, in addition to continuation of pad building for planned exploration holes. With 2022 drilling operations once again based at the Wicheeda Deposit site field camp, we expect to be able to take advantage of logistical efficiencies; most notably a reduction on helicopter utilization.”
6 Months:
Announce Updated 43-101 Resource and start Pre Feasibility Study
12 Months:
Complete Pre-feasibility Study & Finalize flowsheet
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Rare Earth elements is trending higher, there is currently not enough REE to meet current demand. North America needs to start processing Critical metals, such as, Neodymium and Praseodymium. We cannot depend on China for our processing needs.
What do you think makes your company such a compelling investment?
Berenguela gives investors exposure to a large resource of metals (Ag, Cu, Mn) critical to the green tech / EV industries in an open pit project, close to all required infrastructure.
What are the top 3 key investor takeaways?
✓ Favorable Minerology
✓ Great Resource
✓ Conventional Metallurgy
✓ Experienced Tech Team -SGS Labs / SRK Consulting & Apex Geological
✓ Long-Lead Environmental Work