I urge all of you to attend this week's webinar, hosted by Defense Metals Corp.
We are going to focus on the Rare Earth Minerals market and why certain metals are extremely important to the U.S. in general and the transition to more renewable energy (wind and solar) specifically.
This morning I talked to one of our members in Calgary that has experience in this area and he thinks Defense Metals (TSX.V: DEFN and QTCB: DFMTF) has a lot of upside for us.
You can register for the webinar on our Home Page.
Webinar on Wednesday, June 16
Webinar on Wednesday, June 16
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Webinar on Wednesday, June 16
Defense Metals Corp. is a mineral exploration company focused on
advancing its 1,708 hectare Wicheeda Rare Earth Element (REE)
Project located near Prince George, British Columbia, Canada.
Rare earth elements are critical for use in the electric power industry.
They have significant military, and national security applications and
in the production of green energy technologies, such as, high strength,
light weight, rare earth magnets.
As North America and the world move toward widespread adoption of electric vehicles and other green technologies there will be
upward demand pressure on critical REE magnet-metals, principally Nd-Pr (neodymium and praseodymium)
Defense Metals is well-positioned to meet demand for North American-sourced critical REE’s with one of the highest grade road
accessible deposits, with potential to reduce the political and strategic risk of current reliance on Chinese REE sources
Defense Metals is advancing the Wicheeda REE Deposit through resource expansion drilling, metallurgical optimization, and initiation of
environmental baseline studies
2020 indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred resources of
12,100,000 tonnes averaging 2.90% LREO; representing a 49% increase in overall tonnage and 30% increase in overall average grade
compared to the maiden 2019 resource estimate. Targeting a potential >15 year mine life at 2 million-tonne/year throughput
Positive flotation and hydrometallurgical testwork achieved a high-grade 50% LREO concentrate at >85% recovery. Hydrometallurgical
testwork demonstrated 90% REE extraction with opportunities for further improvement
advancing its 1,708 hectare Wicheeda Rare Earth Element (REE)
Project located near Prince George, British Columbia, Canada.
Rare earth elements are critical for use in the electric power industry.
They have significant military, and national security applications and
in the production of green energy technologies, such as, high strength,
light weight, rare earth magnets.
As North America and the world move toward widespread adoption of electric vehicles and other green technologies there will be
upward demand pressure on critical REE magnet-metals, principally Nd-Pr (neodymium and praseodymium)
Defense Metals is well-positioned to meet demand for North American-sourced critical REE’s with one of the highest grade road
accessible deposits, with potential to reduce the political and strategic risk of current reliance on Chinese REE sources
Defense Metals is advancing the Wicheeda REE Deposit through resource expansion drilling, metallurgical optimization, and initiation of
environmental baseline studies
2020 indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred resources of
12,100,000 tonnes averaging 2.90% LREO; representing a 49% increase in overall tonnage and 30% increase in overall average grade
compared to the maiden 2019 resource estimate. Targeting a potential >15 year mine life at 2 million-tonne/year throughput
Positive flotation and hydrometallurgical testwork achieved a high-grade 50% LREO concentrate at >85% recovery. Hydrometallurgical
testwork demonstrated 90% REE extraction with opportunities for further improvement
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group