DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE

Defense Metals Corp.

Defense Metals Corp. is an advanced 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".
DEFN:TSX.V DFMTF:OTCQB 35D:FSE

Expert Comments:

Clive Maund, CliveMaund.com

(5/8/22)
"Defense Metals Corp. is right down on support at its rising 200-day moving average with moving averages in bullish alignment and now light volume making a rally more likely."

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

(4/28/22)
"All 29 holes of Defense Metals Corp.'s 5,349m diamond drill program completed during the fall of 2021 yielded positive results. . .resource definition drill holes WI21-58 and WI21-59 yielded two of the three highest grade and width intercepts of the 2021 drill campaign. WI21-58 averaged 3.09% total rare earth oxide (TREO) over 251m. . .WI21-59 returned 2.76% TREO over 212m."

Clive Maund, CliveMaund.com

(4/17/22)
"With Defense Metals Corp.'s funding in the rear view mirror and news of a later options deal, we could get more positive drilling results soon, as there haven't been any released for a while; this looks likely and it can be expected to trigger another upleg. . .this is considered to be a good time to buy or add to positions before the next upleg starts."

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Mark Reichman, Noble Capital Markets

(4/6/22)
"Defense Metals Corp. raised gross proceeds in the amount of $4.6M from the private placement. . .the proceeds will be used for the exploration and development of the company's Wicheeda rare earth element project. Defense Metals expects to commence a 5,300m infill drilling program in May 2022."

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Mark Reichman, Noble Capital Markets

(3/16/22)
"We are initiating coverage on Defense Metals Corp. with an Outperform rating. . .the company is advancing its 100%-owned Wicheeda rare earth project. . .the project has several competitive advantages, including a mining friendly location, well-developed infrastructure and a strong technical team."

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More than 80% of the supply of rare earth elements needed to make phones, laptops, laser-guided drones, and tech-heavy weapons is controlled by China. One North American-based explorer could challenge that dominance, according to a recently published PEA.
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Bob Moriarty
Bob Moriarty of 321Gold discusses Defense Metals' recent PEA and explains why this company is important for the Western EV market.
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Clive Maund, CliveMaund.com

(11/1/21)
"It looks like Defense Metals Corp. stock is readying to break above the resistance into a new bull market. . . a sizeable tranche of warrant options expired over the weekend. . .with this overhang removed, the price will be freer to advance."

More Expert Comments

Experts Following This Company

Ray Chan, Newsletter writer
headshot of Gerardo Del Real
Gerardo Del Real, Newsletter writer – Resource Stock Digest
headshot of Peter Epstein
Peter Epstein, CFA – Epstein Research
Mario Hose, Newsletter writer
headshot of Byron King
Byron King, Editor
headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report
headshot of Brien Lundin
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Clive Maund – CliveMaund.com
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Mark Reichman
Mark Reichman, Analyst, Natural Resources – Noble Capital Markets
Erik Wetterling – The Hedgeless Horseman

Company News 

5/24/2022 – Defense Metals Corp. Engages SRK Consulting (Canada) Inc. To Design Pre-Feasibility Level Geotechnical Drilling Program at Wicheeda Rare Earth Elements Project

4/27/2022 – Defense Metals Corp. Drills Longest High-Grade Intercept To Date 3.09% Total Rare Earth Oxide Over 251 Metres; Including 3.92% Over 80 Metres at Wicheeda

4/21/2022 – Defense Metals Corp. Drills 3.81% Total Rare Earth Oxide Over 117 Metres; Including 4.87% Over 38 Metres at Wicheeda

4/5/2022 – Defense Metals Closes Private Placement Financing

3/15/2022 – Defense Metals Corp. Drills 3.79% Total Rare Earth Oxide Over 150 Metres; Including 4.77% Over 60 Metres at Wicheeda - Hole WI21-49 Yields Highest Grade Single Assay To Date Of 1.41% Neodymium-Praseodymium Oxide At 10% Total Rare Earth Oxide

3/10/2022 – Defense Metals Corp. Drills 2.50% Total Rare Earth Oxide Over 176 Metres; Including 6.14% Over 20 Metres From Surface at Wicheeda

3/8/2022 – Defense Metals Corp. Continues to Drill High Grade at Wicheeda With 3.23% Total Rare Earth Oxide Over 162 Metres; Including 4.21% Over 45 Metres From Surface - Confirms Significant Mineralization At Depth With Potential to Expand Mineral Resource

3/3/2022 – Defense Metals Corp. Drills Highest Grade To Date At Wicheeda With 6.01% Total Rare Earth Oxide Over 23.4 Metres (WI21-38) And 3.19% Over 138 Metres From Surface (WI21-37)

3/2/2022 – Defense Metals Corp. Drills 3.17% Total Rare Earth Oxide Over 196 Metres From Surface And Extends Mineralization Below Resource Pit Shell

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The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

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Readers should conduct their own research for all information publicly available concerning the company.

Investing Highlights
 
Current Neodymium and Praseodymium spot prices are at least 50% higher than the prices used in the D
 
Potential to be a globally significant producer- `10% of the Global Current Production
 
Significant upside to current spot and forecast REE demand pressure -Defense Metals owns a100% of th
catalyst Calendar
Q3
22
Builds strong Technical Team
Q3
2022
Acquires 100% of Wicheeda rare-earth project, with potential to be a globally significant producer
Q3
2022
Q3
2022
Creates significant upside investment potential