Defense Metals Corp. Files Amended Technical Report
Defense Metals Corp. Files Amended
Technical Report
VANCOUVER
,
July 9, 2019
/CNW/ - Defense Metals Corp. ("Defense Metals") (TSX-V:DEFN /
OTCQB:DFMTF / FSE:35D) is pleased to announce the filing of an amended technical report titled
"Wicheeda Rare Earth Element Project,
British Columbia, Canada
" dated effective
June 20, 2019
(the "
Technical Report
"), prepared by
Sue Bird
, P. Eng.,
Gary Giroux
, P.Eng. and
Tracey Meintjes
,
P.Eng, all of whom are independent "qualified persons" within the meaning of NI 43-101 (defined
herein). The Technical Report has been prepared to correct deficiencies, identified by the British
Columbia Securities Commission ("
BCSC
"), in the technical report filed
December 24, 2018
, dated
effective
December 17, 2018
. These deficiencies have been addressed and corrected in the
Technical Report and a copy has been filed on SEDAR at
www.sedar.com
and posted on Defense
Metals' website at
www.defensemetals.com
.
The Technical Report was prepared in accordance with National Instrument 43-101 -
Standards for
Disclosure for Mineral Projects
("
NI 43-101
").
About Defense Metals Corp.
Defense Metals Corp. is a mineral exploration company focused on the acquisition, exploration and
development of mineral deposits containing metals and elements commonly used in electric power
markets, the military and for national security concerns 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 1,780 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".
The scientific and technical information contained in this news release has been reviewed and
approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of
Edmonton, AB
, a "Qualified Person" as defined in NI 43-101.
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.
Forward Looking Information
This news release includes certain statements that constitute "forward-looking information" within the
meaning of applicable securities law, including without limitation, the Defense Metals' plans for its
properties/projects, other statements relating to the technical, financial and business prospects of
Defense Metals, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a
number of estimates and assumptions. These statements relate to analyses and other information
that are based on forecasts of future results, estimates of amounts not yet determinable and
assumptions of management. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as "expects" or "does not expect",
"is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that
certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved), and variations of such words, and similar expressions are not statements of historical fact
and may be forward-looking statements. Forward-looking statement are necessarily based upon a
number of factors that, if untrue, could cause the actual results, performances or achievements of
Defense Metals to be materially different from future results, performances or achievements express
or implied by such statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and the environment in which Defense
Metals will operate in the future, including the price of metals, anticipated costs and the ability to
achieve 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, and that third
party contractors, equipment and supplies and governmental and other approvals required to
conduct Defense Metals' planned exploration activities will be available on reasonable terms and in a
timely manner. While such estimates and assumptions are considered reasonable by the
management of Defense Metals, they are inherently subject to significant business, economic,
competitive and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause
actual events, level of activity, performance or results to differ materially from those reflected in the
forward-looking statements, including, without limitation: (i) risks related to gold, copper, uranium,
rare earth elements, and other commodity price fluctuations; (ii) risks and uncertainties relating to
the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration
and cost estimates and the potential for unexpected costs and expenses; (iv) that resource
exploration and development is a speculative business; (v) that Defense Metals may lose or abandon
its property interests or may fail to receive necessary licences and permits; (vi) that environmental
laws and regulations may become more onerous; (vii) that Defense Metals may not be able to raise
additional funds when necessary; (viii) the possibility that future exploration, development or mining
results will not be consistent with Defense Metals' expectations; (ix) exploration and development
risks, including risks related to accidents, equipment breakdowns, labour disputes or other
unanticipated difficulties with or interruptions in exploration and development; * competition; (xi) the
potential for delays in exploration or development activities or the completion of geologic reports or
studies; (xii) the uncertainty of profitability based upon Defense Metals' history of losses; (xiii) risks
related to environmental regulation and liability; (xiv) risks associated with failure to maintain
community acceptance, agreements and permissions (generally referred to as "social licence"),
including local First Nations; (xv) risks relating to obtaining and maintaining all necessary government
permits, approvals and authorizations relating to the continued exploration and development of
Defense Metals' projects; (xvi) risks related to the outcome of legal actions; (xvii) political and
regulatory risks associated with mining and exploration; (xix) risks related to current global financial
conditions; and (xx) other risks and uncertainties related to Defense Metals' prospects, properties
and business strategy. These risks, as well as others, could cause actual results and events to vary
significantly.
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, the loss of key directors, employees, advisors or consultants,
adverse weather conditions, increase in costs, equipment failures, litigation, failure of counterparties
to perform their contractual obligations and fees charged by service providers. Investors are
cautioned that forward-looking statements are not guarantees of future performance or events and,
accordingly are cautioned not to put undue reliance on forward-looking statements due to the
inherent uncertainty of such statements. The forward-looking statements included in this news
release are made as of the date hereof and Defense Metals disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities legislation.
SOURCE
Defense Metals Corp.
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For further information:
Todd Hanas, Bluesky Corporate Communications Ltd., Vice President,
Investor Relations, Tel: (778) 994 8072, Email: [email protected]
CO: Defense Metals Corp.
CNW 05:00e 09-JUL-19