Defense Metals Comments on Recent Canadian-US Government Electric Vehicle and Critical Minerals Collaboration Plans
Defense Metals Comments on Recent Canadian-US Government Electric
Vehicle and Critical Minerals Collaboration Plans
VANCOUVER, BC
,
Feb. 8, 2021
/CNW/ - Defense Metals Corp. ("
Defense Metals
" or the "
Company
") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased
with recent Canadian-US government integration plans regarding electric vehicles and critical minerals such as Rare Earth Elements.
Craig Taylor
, CEO of Defense Metals commented:
"As we continue to advance the 1,708 hectare Wicheeda Rare Earth Elements deposit located near
Prince George, British Columbia
, we are actively
engaging with government agencies and affiliated government groups. We expect 2021 to be a busy year for the Company."
For further information on this North American industry development please read this article:
https://www.mining.com/web/trudeau-eyes-leaps-forward-in-integration-with-us-on-evs-critical-minerals/
About the Wicheeda REE Property
The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources
of 12,100,000 tonnes averaging 2.90% LREO
1
.
The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of
Prince George, British Columbia
, is readily accessible by all-
weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.
Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains
part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern
United States
, which includes several carbonatite and
alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.
______________________
1
Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.'s profile on SEDAR (
www.sedar.com
)
Qualified Person
The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher
J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of
Edmonton, AB
, a director of Defense Metals and a "Qualified Person" as defined in
National Instrument 43-101 –
Standards of Disclosure
for Mineral Projects
.
About
Defense Metals Corp.
Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the
electric power market, military, national security and the production of "GREEN" energy technologies, such as, high strength alloys and rare earth magnets.
Defense Metals has an option to acquire 100% of the 1,708 hectare 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".
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 its plans for its Wicheeda Property, the advancement and development of the Wicheeda Property, engaging with government agencies and
affiliated groups, the technical, financial and business prospects of the Company, its project 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 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 those filed under the Company's profile on SEDAR at
www.sedar.com
. 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 conditions, failure to maintain or obtain all
necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare
earth elements, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate increase in costs, 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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SOURCE
Defense Metals Corp.
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%SEDAR: 00042886E
For further information:
Todd Hanas, Bluesky Corporate Communications Ltd., Vice President, Investor Relations, Tel: (778) 994 8072, Email:
CO: Defense Metals Corp.
CNW 08:00e 08-FEB-21