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.