Defense Metals Appoints Guy de Selliers as Chairman of the Board
Defense Metals Appoints Guy de Selliers as Chairman of
the Board
VANCOUVER, BC
,
June 20, 2024
/CNW/ -
Defense Metals Corp.
("
Defense Metals
" or the "
Company
"; (TSXV: DEFN)
(OTCQB: DFMTF) (FSE: 35D) 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 influential organizations including Solvay Group,
Ageas Group, AG Insurance Belgium, Ivanhoe Mining, Advanced Metallurgical Group AMG, Norilsk Nickel, Wimm Bill Dann. He
currently sits on the boards of I Pulse, a private high-tech company in
France
, The Cranemere Group Ltd., a privately held
financial holding company in the UK, and Radix, a think-tank for the Radical Center (UK). He has been Chairman of the Board on
a number of occasions, most recently of AG Insurance, the largest Belgian Insurance company. He combines very strong
corporate governance credential with extensive experience in mining, industry and finance.
About Defense Metals Corp. and its Wicheeda Rare Earth Element Project
Defense Metals Corp. is focused on the development of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Project
that is located on the traditional territory of the McLeod Lake Indian Band in
British Columbia, Canada
.
The Wicheeda REE 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
.
Defense Metals is a proud member of Discovery Group. For more information please visit:
www.discoverygroup.ca
.
For further information, please visit
www.defensemetals.com
or contact:
Alex Heath
Vice President, Corporate Development
Tel: 1 604-354-2491
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) 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, statements relating to advancing the Wicheeda REE Project, the expectations and plans for the
Wicheeda REE Project, the technical, financial and business prospects of the Company, its project, goals and other matters. All
statements in this news release, other than statements of historical facts, that address events 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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CNW 04:00e 20-JUN-24