DEFENSE METALS CORPORATION

Wicheeda Property

Rare earth

View Defense Metals 43-101 on Sedar

Key Highlights

Defense Metals - Wicheeda lake
  • The Wicheeda Property consists of 6 mineral claims covering an area of 1,708 hectares, located approximately 80 km northeast of the city of Prince George, British Columbia
  • Favorable mineralogy and lanthanide distribution makes Wicheeda a very attractive LREE deposit
  • 2 specific rare earth minerals Bastnasite-Parisite and  Monazite with 70% of the REE contained in Bastnasite-Parisite and 30% in Monazite
  • Trained nearby work force in one of the most mining friendly jurisdictions in the world
  • Ideal opportunity for vertical integration, to support rapidly growing market, reducing reliance on China
  • Strategically positioned alongside a major forestry service road connected to the John Hart Highway 97
  • Major hydroelectric power line, major gas pipeline and the Canadian National Railway at the nearby village of Bear Lake
  • Following completion of Phase 1A flotation test work , Phase 2 pilot plant processing of 30 tonne bulk sample will commence

Property GeoLOGy

  • Zinc mineralization first reported in the Wicheeda area in the 1970s
  • Detailed assaying identified presence of elevated levels of Niobium
  • Teck Corporation acquired tenure and from 1985-1987 completed geological mapping, soil geochemical sampling, ground magnetometer surveying & blast trenching
  • This work outlined several areas enriched in the Lanthanide suite of light rare earth elements (LREE) as well as Niobium, Barium, Strontium, Zinc & Fluorine
  • The ‘Main’ zone is outlined by a 400 ppm Cerium (Ce) soil geochemical anomaly measuring 1000 m by 500 m
  • Teck did not pursue the targets by drilling and eventually its claims lapsed

Local infrastructure

Lakeland Mills - Sawmill
  • Lakeland Mills Ltd. Sawmill located in Prince George, BC, 40km from Wicheeda Property
  • Local industry populated with forestry, refinery’s, machine shops, aluminum boat building, log home construction and specialty equipment manufacturing 
  • Prince George is a staging centre for mining and prospecting, and a major regional transportation, trade and government hub
  • Roads, Railway, Water, Power, Natural Gas and Labour readily available nearby

What are Rare Earth Elements?

Light Rare Earth Elements

Nd – Neodymium

Pr – Praseodymium

Ce – Cerium

Sm – Samarium

La – Lanthanum

RARE EARTH Magnets

DEFN - Neodymium@2x
Defense Metals - praseodymium
Defense Metals - Electric Car Charging

Electric Cars

Neodymium magnets are used in electric motors for hybrid and electric vehicles.

Defense Metals - Maglev Train, Shinkansen

Maglev Trains

The next generation of transport infrastructure use high powered magnets in linear motors required for generating thrust.

DEFN - Samarium@2x
Defense Metals - reactor

Nuclear Reactors

Samarium is used in the control rods of nuclear reactors. Permanent magnets are also used in nuclear power generation.

Defense Metals - SpaceX Falcon Heavy

Space Craft

Samarium Cobalt Magnets are required for applications in space as they operate effectively in a much higher a temperature range.

RARE EARTH COMMERCIAL APPLICATIONS

Defense Metals - Medical MRI

MEDICAL

Rare Earth magnets are used for Medical imaging technology, such a CAT scans, MRIs, PET imaging and X-rays.

Defense Metals - Batteries

BATTERIES

Neodymium is used to make rechargeable batteries for cell phones, laptops and hybrid automobiles.

Defense Metals - Commercial Airliner

COMMERCIAL AEROSPACE

Alloys containing niobium are used in commercial  jet engines.

Defense Metals - Electric Vehicles

ELECTRIC MOTORS

Magnet based electric motors are essential to the electric vehicles of the future.

Defense Metals - Camera Lens

CAMERA LENSES

Used in camera and telescope, night vision lenses.

RARE EARTH DEMAND TRENDS

  • Rare earth demand forecasted to increase by 8% in 2018 (Roskill 2018)
  • Anticipated strong growth after 2018 (Roskill 2018)
  • Demand increase mainly from use of permanent magnets in EVs and renewable energy generation (Roskill 2018)
  • Nd demand has increased from 19% to 23% of total REE demand
    Nd, Pr, Dy will show greater demand in future
  • Ce and La largest REE demand at an estimated 84.7 ktin 2017
  • Use of Ce and La in catalysts expected to increase

RARE EARTH DEFENSE APPLICATIONS

pastedImage0

Nd – Neodymium

High-powered Neodymium rare earth magnet actuators control various air surfaces during military operation.

Defense Metals - Jet

Pr – Praseodymium

Praseodymium is used in Neodymium rare earth magnets, and is used as an alloying agent with magnesium to create high-strength metals used in aircraft engines.

Sm – Samarium

Used in Samarium/Cobalt magnets and used to dope calcium chloride crystals for use in optical lasers, Infrared absorbing glass and as a neutron absorber in nuclear reactors.

Ce – Cerium

Cerium is used in catalytic converters and Cerium-based compounds are used as polishing media for many types of optical lenses encountered in the battlefield.

La – Lanthanum

Used in camera and telescope, night vision lenses. Also,  to gain efficiency in converting crude oil into refined gasoline.

RARE EARTH DEPOSITS, PRODUCTION AND FLOW

DEFN HAS TO POTENTIAL TO BE MAJOR DOMESTIC SUPPLIER OF CRITICAL RARE EARTH MINERALS

DEFN - REE Flow Map@2x
  • China currently controls the Rare Earth refining market
  • Lack of North American domestic refining and production poses a risk to security and defense
  • As tensions rise with China, a push to source critical LREEs domestically is essential to American foreign policy

STAY INFORMED

STAY INFORMED