VANCOUVER, BC, March 17, 2021 /CNW/ - Defense Metals Corp.
("Defense Metals") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is
pleased to announce that it has recently been invited by the U.S
Embassy in Ottawa, to attend the
2021 SelectUSA Investment Summit to be held virtually June 7-11, 2021.
Defense Metals is currently advancing the road accessible
Wicheeda Critical Rare Earth Element (REE) Property, which is
located close to infrastructure approximately 80 kilometres
northeast of Prince George, British
Columbia (BC). The Wicheeda project has indicated
mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light
Rare Earth Elements) and inferred mineral resources
of 12,100,000 tonnes averaging 2.90% LREO1.
Craig Taylor, CEO of Defense
Metals, stated: "Defense Metals looks forward to
attending the 2021 SelectUSA Investment Summit. At the
Summit, Defense Metals will have the opportunity to meet with
worldwide investors and engage with U.S. economic developers and
service providers who can advise on a potential United States growth strategy. In addition,
Defense Metals will continue its engagement with U.S. Interagency
players, including the U.S. Department of Energy, the Export-Import
Bank of the United States, and the
Department of Defense, to reassert its position as a critical
player in the U.S. industrial metals industry."
The signing of the U.S.-Canada Action Plan on Critical Minerals
Cooperation has fostered dialogue between Canada and U.S.A like no other time before. Together
Canada and the USA continue identifying vulnerabilities and
challenges in supply chains and facilitating discussions between
Canadian mining producers of critical minerals and rare earth
elements and U.S. Interagency groups to create a more resilient and
safe North American supply chain.
With a renewed U.S.-Canada
bilateral dialogue underway, and given the geographic
proximity, the 2021 SelectUSA Investment Summit will
take a closer look at opportunities for Defense Metals to localize
its potential upstream operations near a U.S. end-user to create
more resilient access to various North American end users and make
the operation less susceptible to trade disruptions, while adopting
responsible sourcing and sustainable practices in our
industries.
To learn more about SelectUSA, visit https://www.selectusa.gov/
or go to www.selectusasummit.us.
________________________
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1 Technical Report on the Wicheeda
Property, British Columbia, effective June 27, 2020 and prepared by
APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and
Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense
Metals Corp.'s profile on SEDAR (www.sedar.com)
|
Engages Xander Capital Partners
The Company is also pleased to announce that it has engaged
Xander Capital Partners Inc. ("Xander") for corporate
consulting and marketing services. In connection with the
engagement, the Company has entered into a consulting agreement
(the "Agreement") with Xander dated effective March 17, 2021, pursuant to which they will
primarily provide services, including, among other things,
assistance with the introduction to industry partners, analysts and
banks, digital marketing, native ads, digital podcasts and content
development. Pursuant to the Agreement, the engagement will last
for approximately three months for a total cost of US$150,000, which includes direct costs for
digital marketing and native ads. Xander Capital Partners has over
30 years of cumulative industry specific experience. Xander is
headquartered in Orlando, with
their reach expanding internationally. Their services include
digital marketing and introductions to high net worth individuals,
and corporate sponsorship.
The Agreement remains subject to the approval of the TSX Venture
Exchange.
About the Wicheeda REE Property
The 1,708 hectare Wicheeda REE Property, located approximately
80 km northeast of the city of Prince
George, British Columbia, is readily accessible by
all-weather gravel roads and is nearby to infrastructure, including
power transmission lines, the CN railway and major highways.
Geologically, the property is situated in the Foreland Belt and
within the Rocky Mountain Trench, a major continental geologic
feature. The Foreland Belt contains part of a large alkaline
igneous province, stretching from the Canadian Cordillera to the
southwestern United States, which
includes several carbonatite and alkaline intrusive complexes
hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE)
deposits.
Qualified Person
The scientific and technical information contained in this news
release as it relates to the Wicheeda REE Property 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 National Instrument 43-101 –
Standards of Disclosure for Mineral Projects. Mr.
Raffle verified the data disclosed which includes a review of the
analytical and test data underlying the information and opinions
contained therein.
About Defense Metals Corp.
Defense Metals Corp. 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 alloys and rare earth magnets.
Defense Metals has an option to acquire 100% of the 1,708 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".
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
SelectUSA Investment Summit and the expected outcomes and
engagement with U.S. agencies, plans for its Wicheeda Property, the
advancement and development of the Wicheeda Property, the agreement
with Xander, the technical, financial and business prospects of the
Company, its project and other matters and statements that address
the Agreement and the approval by the TSX Venture Exchange. 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 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 those 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 conditions, failure to maintain or
obtain all necessary government permits, approvals and
authorizations, failure to maintain community acceptance (including
First Nations), 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 increase in costs, 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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SOURCE Defense Metals Corp.