Discovery Group's John Robins joins Defense Metals as a Strategic Advisor
Discovery Group's John Robins joins Defense Metals as a
Strategic Advisor
VANCOUVER, BC
,
Jan. 9, 2023
/CNW/ - Defense Metals Corp. ("
Defense Metals
" or the "
Company
") (TSXV: DEFN) (OTCQB:
DFMTF) (FSE: 35D) is pleased to announce that
John Robins
, P.Geo. of Discovery Group has joined the Company as a strategic
advisor.
"We are very excited to welcome John to our team," said
Craig Taylor
, CEO of Defense Metals. "John brings more than 35 years of
experience in all facets of exploration and mining development to Defense Metals, most recently with the sale of Great Bear
Resources to
Kinross
for
$1.8 Billion
. As we continue to advance our Wicheeda Rare Earth Elements project, John will provide a
wealth of knowledge, expertise, guidance and industry relationships to our Company. I wish to thank him once again for the financial
support and commitment he has made to work with Defense Metals."
John Robins
, P.Geo. commented:
"I am excited to join the team at Defence Metals as both a shareholder and strategic advisor. This Company represents a
unique opportunity in the resource space, having one of the best critical metals projects globally with outstanding
infrastructure and located here in
Canada
. For the first time in my career we are witnessing an unprecedented level of
support socially and at a regulatory level for critical metals projects. Wicheeda is ideally positioned as it
advances through next stages of development, building towards securing a significant link in a critical supply chain for the
Western world."
John Robins
is a professional geologist, prospector and entrepreneur with over 35 years of experience in the mining industry. In
November he was announced as the recipient of the 2022 Association of Mineral Exploration's
Murray Pezim
Award for his significant
contribution to the financing of exploration and development projects over the last 20 years. He was previously awarded the AME's
Spud Huestis Award in 2008 for having made significant contributions to mineral exploration in
British Columbia
and the Yukon
Territory.
Mr. Robins has been involved in several notable discoveries, including the 5-million-ounce Coffee Gold deposit in
Yukon
, the Three
Bluffs gold deposit in the Committee Bay greenstone belt, the Aviat /
Churchill
diamond districts of
Nunavut
, and the Great Bear
project in northwestern Ontario. Through his entrepreneurship, John has been instrumental in over
CDN$3 Billion
in Mergers and
Acquisitions activity and has generated over
$1B
in direct and indirect mineral exploration expenditures throughout
Canada
,
Latin
America
, and
Australia
. Notable recent successes include the sales of Great Bear Resources Ltd. to Kinross Gold Corp. for
$1.8B
,
Great Bear Royalties Corp. to Royal Gold Inc. for
$200 Million
, and Kaminak Gold Corp. to Goldcorp Inc. (now Newmont Corporation)
for
$510 Million
. John's outstanding strategic guidance, technical expertise, strong industry relationships, and steadfast adherence to
ethical practices, underpin his status as a leading steward of the junior mining industry. He currently acts as Chairman of Fireweed
Metals Corp. and K2 Gold Corp. Mr. Robins is also a Director of Elemental Altus Royalties and a Strategic Advisor to Kodiak Copper
Corp., ValOre Metals Corp., and Prospector Metals Corp.
Mr. Robins will be a valuable addition to the Defense Metals team as it continues to advance development of its wholly owned
Wicheeda REE Project.
About the Wicheeda REE Project
The 100% owned 4,244-hectare Wicheeda REE Project, located approximately 80 km northeast of the city of
Prince George, British
Columbia
, is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN
railway, and major highways.
The Wicheeda REE Project yielded a robust 2021 preliminary economic assessment technical report (PEA) that demonstrated an
after-tax net present value (NPV@8%) of
$517 million
, and 18% IRR[1]. A unique advantage of the Wicheeda REE Project is the
production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput
open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423
tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface
mineralization in year 1 and payback of
$440 million
initial capital within 5 years.
Qualified Person
The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project 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 NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the
sampling, analytical and test data underlying the information and opinions contained therein.
About
Defense Metals Corp.
Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of
mineral deposits containing metals and elements commonly used in the electric power markets, defense industry, national security
sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent
magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Deposit 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".
_____________________________
1
Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is
filed under Defense Metals Corp.'s Issuer Profile on SEDAR (www.sedar.com).
For further information, please contact:
Todd Hanas
, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
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 the expected outcomes and benefits of the appointment of Mr. Robins as a strategic
advisor, the advancement of the Wicheeda project, 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 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 results, risks
related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other
risks 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 and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations,
failure to maintain 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
and engineering assumptions, 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, an inability to predict and counteract the effects of COVID-19 on the business of the Company,
including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and
international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling 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 09:25e 09-JAN-23