Defense Metals Appoints New CFO
Defense Metals Appoints New CFO
VANCOUVER, BC
,
June 10, 2025
/CNW/ - Defense Metals Corp. ("Defense Metals" or the
"Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) 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 group of
companies for over 20 years in a variety of roles encompassing operations, the development and
financing of the Oyu Tolgoi Copper mine in
Mongolia
as VP Treasurer, and as CFO of VRB Energy,
a high-tech vanadium redox battery company active in manufacturing and R&D within
China
and
internationally. Mr. Baker has spent the last two years with TSX-V listed Camino Mineral Resources
as CFO, supporting their corporate development strategy, which recently culminated in the
successful acquisition of a construction stage copper project.
Guy de Selliers, Executive Chairman of Defense Metals commented:
"I have known David professionally for more than 15 years. He is not only a highly competent
financial professional but has always demonstrated the highest level of integrity and sound
judgment. He exemplifies the high standards of the team we are building to take our Wicheeda
project forward"
Mark Tory
, President and CEO of Defense Metals, added:
"
I am confident that David has the experience and knowledge that we need. He and I have
complimentary skills and will form a well rounded and highly efficient team and I look forward to
working with him."
David Baker
also commented:
"
I am excited to be joining Guy and Mark in leading the development of the Wicheeda project,
which I consider without any doubt the best new rare earth project in
North America
. I look forward
to working with all stakeholders in the successful and rapid development of what is clearly a
geopolitical priority. I find it immensely motivating to be involved in such a strategically important
endeavour for our Province and our Country."
The company would like to thank Mr.
Ryan Cheung
for stepping in to take on the interim CFO role
before Mr. Baker's appointment.
About Defense Metals Corp. and its Wicheeda REE Deposit
Defense Metals Corp. is focused on the development of its 100% owned, 11,800-hectare (~29,158-
acre) Wicheeda Rare Earth Element (REE) property that is located on the traditional territory of the
McLeod Lake Indian Band in
British Columbia, Canada
.
The Wicheeda Project, approximately 80 kilometres (~50 miles) northeast of the city of
Prince
George
, is readily accessible by a paved highway and all-weather gravel roads and is close to
infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian
National Railway and major highways allow easy access to the port facilities at
Prince Rupert
, the
closest major North American port to
Asia
. The Company recently completed a Preliminary
Feasibility Study (PFS) that demonstrated the robust economics of the project.
For further information, please visit
www.defensemetals.com
or contact:
Mark Tory
President and CEO
Tel: +1 604-445-8179
Email:
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release contains "forward
looking information or statements" within the meaning of
applicable securities laws, which may include, without limitation, any statements (expressed or
implied) relating to: advancing the Wicheeda Project. Forward-looking statements are typically
identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate,"
"forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should,"
"would" and other similar words and expressions, but the absence of these words does not mean
that a statement is not forward-looking. All statements in this news release, other than statements of
historical facts, that address events, contribution or developments that the Company expects to
occur, are forward-looking statements. Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in the forward-
looking statements. Such statements and information are based on numerous assumptions regarding
present and future business strategies and the environment in which the Company will operate in the
future, including the price of rare earth elements, the anticipated costs and expenditures, the ability
to achieve its goals, that general business and economic conditions will not change in a material
adverse manner, that financing will be available if and when needed and on reasonable terms. Such
forward-looking information reflects the Company's views with respect to future events and is
subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the
interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of
exploration and development and cost estimates, the potential for unexpected costs and expenses
and those other risks filed under the Company's profile on SEDAR+ (
www.sedarplus.ca
). While such
estimates and assumptions are considered reasonable by the management of the Company, they
are inherently subject to significant business, economic, competitive and regulatory uncertainties and
risks. Factors that could cause actual results to differ materially from those in forward looking
statements include, but are not limited to, continued availability of capital and financing and general
economic, market or business conditions, adverse weather and climate conditions, failure to maintain
or obtain all necessary government permits, approvals and authorizations, failure to maintain or
obtain community acceptance (including First Nations), risks relating to unanticipated operational
difficulties (including failure of equipment or processes to operate in accordance with specifications
or expectations, cost escalation, unavailability of personnel, materials and equipment, government
action or delays in the receipt of government approvals, industrial disturbances or other job action,
and unanticipated events related to health, safety and environmental matters), risks relating to
inaccurate geological, metallurgical, engineering and pricing assumptions, decrease in the price of
rare earth elements, the impact of viruses and diseases on the Company's ability to operate,
restriction on labour and international travel and supply chains, loss of key employees, consultants,
officers or directors, increase in costs, delayed results, litigation, and failure of counterparties to
perform their contractual obligations. The Company does not undertake to update forward–looking
statements or forward–looking information, except as required by law.
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CO: Defense Metals Corp.
CNW 16:16e 10-JUN-25