Defense Metals (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) today released a review of 2019 exploration and advancement of its 1,708-hectare (4,220 acre) Wicheeda Rare Earth Element (“REE”) Project located near Prince George, Canada. According to the update, Defense Metals’ focus in 2020 will be to complete development of the Wicheeda Deposit hydrometallurgical flowsheet, initiate flotation pilot plant processing of the recently collected 30 tonne bulk-sample, as well as update the Wicheeda REE Deposit Mineral Resource based on its highly successful 2019 drill campaign. “I am extremely pleased with our progress in 2019, and proud of each past and present member of the Defense Metals team. During the year, we remained focused on ensuring each step was strategic to provide a clear path to adding real value to the Wicheeda REE Project, which we believe is one of the highest quality North American REE assets,” Defense Metals President and CEO Craig Taylor said in the news release. “Defense Metals stands to benefit from upward REE demand pressures as the world moves toward widespread adoption of electric vehicles; in addition to being strategically positioned as a domestic North American REE source the importance of which is highlighted by the recent announcement of finalization of the Canada-US Joint Action Plan on Critical Minerals Collaboration, designed to advance our mutual interest in securing critical mineral supply chains. I would like to thank each of our shareholders for their support during 2018-19 and in addition to the dedication of our amazing team in British Columbia. We expect 2020 to be a watershed year of significant re-rating for Defense Metals, and an elevated presence amongst our peers.”
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About Defense Metals Corp.
Defense Metals is an advanced 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 1,708-hectare Wicheeda Rare Earth Element 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.” For further information, please visit www.DefenseMetals.com.
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