Defense Metals Engages Alex W. Knox as Technical Advisor
Defense Metals Engages Alex W. Knox as
Technical Advisor
VANCOUVER
,
Aug. 19, 2019
/CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company")
(
DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE
) is pleased to announce that Mr.
Alex W. Knox
has
agreed to consult for Defense Metals as a technical advisor to its Wicheeda Rare Earth Element
("REE") Project located 80 kilometres (50 miles) northeast of the city of
Prince George, British
Columbia
.
Mr. Knox has worked in the exploration and development of carbonatite and REE deposits since
1984, first with Molycorp Inc., at the time the owner of the producing Mountain Pass,
California
, light
REE mine, and later as an independent consultant for various public and private companies and
projects throughout
North America
. Mr. Knox was part of the team that discovered the
Kipawa
heavy-enriched REE deposit in southwest
Quebec
, as well as the Ashram light-enriched REE
deposit in northern
Quebec
. He has extensive experience in carbonatite/REE geological
environments and has also worked on the
Oka
carbonatite complex near
Montreal
and the Prairie
Lake carbonatite in northwestern
Ontario
, among others.
His duties as technical advisor to Defense Metals will include site visits during the current drill
program (see Defense Metals news release dated
August 12, 2019
), reviewing existing drill core
from previous drill programs and new drill core generated from the current diamond drill program.
Mr. Knox will also provide his extensive carbonatite-hosted REE deposit expertise to assist Defense
Metals in the development of a detailed geologic model for the Wicheeda REE deposit.
Craig Taylor
, CEO of Defense Metals, stated;
"We are extremely pleased to have Mr. Knox agree
to come on board as technical advisor with respect to the Wicheeda REE Project. Defense Metals
looks forward to leveraging Mr. Knox' significant REE experience to advance its geologic
understanding of the Wicheeda REE deposit".
About
Defense Metals
Defense Metals 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, light weight, rare
earth magnets. Defense Metals primary focus is to exercise its option to acquire 100% of the 1,780
hectare Wicheeda REE Project. Defense Metals Corp. trades in
Canada
under "DEFN" on the TSX
Venture Exchange,
The United States
, under "DFMTF" on the OTCQB and the German, Frankfurt
Exchange under the symbol of "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.
Forward Looking Information
This news release includes certain statements that constitute "forward-looking information" within the
meaning of applicable securities law, including without limitation, statements that address the
development of a geological model of the Wicheeda REE deposit, drilling on the Wicheeda REE
Project, comments regarding the timing and content of current and upcoming work programs, the
technical advisor's relationship and work with the Company and on its projects, and other statements
relating to the business and technical prospects of the Company. 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", "estimates" or
"intends", or stating that certain actions, events or results "may", "could", "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 the Company 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 the Company 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 the Company's planned exploration activities will be available on reasonable terms and in
a timely manner. 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 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 the Company 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 the Company 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 the Company's 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) risks
related to environmental regulation and liability; (xiii) risks associated with failure to maintain
community acceptance, agreements and permissions (generally referred to as "social licence"),
including local First Nations; (xiv) risks relating to obtaining and maintaining all necessary government
permits, approvals and authorizations relating to the continued exploration and development of the
Company's projects; (xv) risks related to the outcome of legal actions; (xvi) political and regulatory
risks associated with mining and exploration; (xvii) and risks related to current global financial
conditions. 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,
volatility in metals prices, adverse weather conditions, equipment failures, 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 the Company 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:
please visit https://defensemetals.com/ or contact: Todd Hanas, Bluesky
Corporate Communications Ltd., Vice President, Investor Relations, Tel: (778) 994 8072, Email:
CO: Defense Metals Corp.
CNW 03:05e 19-AUG-19