Defense Metals Corp. is focused on the exploration and development its 100% owned Wicheeda Project in British Columbia. The rare-earth elements project strives to deliver critical metals commonly used in the defense and national security industries, and in the production of green energy technologies. Rare earth magnets are commonly found in the centre of wind turbines and in electric vehicle motors.
The 2023 MRE comprises a 6.4 million tonne Measured Mineral Resource, averaging 2.86% (TREO)1 ; 27.8 million tonne Indicated Mineral Indicated Resource, averaging 1.84% TREO; and 11.1 million tonne Inferred Mineral Resource, averaging 1.02% TREO, reported at a cut-off grade of 0.5% TREO. The Property consists of 12 mineral claims covering an area of 8,301 hectares, located approximately 80 km northeast of the city of Prince George, British Columbia, Canada.
Key Highlights
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High quality, advanced-stage asset with the potential to be a globally significant producer.
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Project is accessible by road, with proximity to rail and power infrastructure, and access to a major deep-sea port.
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Technically strong, open pit project with favorable, conventional metallurgy.
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Experienced technical team working with industry-leading partners: SGS, SRK Consulting, and APEX Geoscience Ltd.
LEADING NORTH AMERICA'S SUPPLY CHAIN
1 ) Source: USGS Rare Earth Mineral Commodity Summary, 2021
WORKING WITH INDUSTRY-LEADING PARTNERS
*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.sedarplus.ca)”