US Dependence On Chinese Rare Earths/Critical Metals Is A Clear And Present Danger

Picture a world where global superpowers are vying for supremacy over a precious resource that holds the key to cutting-edge technology and national security. This is not the stuff of fiction but the reality of rare earth elements (REEs) and their critical role in modern military applications. As tensions rise between the US and China, the need for alternative sources of these vital minerals has never been more pressing. Enter Defense Metals Corp.'s Wicheeda Project, a rising star in North America's quest for rare earth independence. 

Read on to find out why Defense Metals could be an excellent company with a great REE project, as we delve into the company's strategic plans, project updates, and the impressive economics behind this ambitious undertaking.

Rare Earth Elements Are a Critical Defense Resource 

It's no secret that REEs are crucial to modern technology, from night vision goggles and laser range finders to guidance systems, communications, and stealth technology. A contemporary army is virtually powerless without these elements. The United States, in particular, depends on imports for most of the REEs used in its military applications, with only the Mountain Pass mine as a domestic source. This reliance creates a vulnerability that adversaries could exploit, potentially leaving the US military without access to these strategically important elements. 

Recognizing this risk, the US Army is funding domestic rare-earth projects and processing facilities to ensure a steady supply of these critical elements. As tensions rise between the US and China, the leading global supplier of REEs, developing alternative sources for these essential materials is more important than ever. 

A North American Rare-Earth Leader: Defense Metals Corp. 

In this high-pressure situation, Defense Metals Corp. DEFNDFMTF FSE: 35D)) stands out as a frontrunner in the quest for reliable REE supplies. With an ambitious goal of becoming a globally significant Light Rare Earth Element producer, Defense Metals is making significant strides in advancing its wholly-owned Wicheeda project to production. It completed a preliminary economic assessment and is working towards its pre-feasibility study. 

BC's Wicheeda Project Has Perfect Location, Supportive Government 

Located in British Columbia, Canada, the Wicheeda project benefits from excellent infrastructure, including road access, rail transportation, power supply, and proximity to a deep-sea port. Furthermore, the nearby town of Prince George offers a skilled workforce and a supportive mining community. With a favorable location, strong infrastructure, and increasing support of the government in the critical minerals sector, Defense Metal’s Wicheeda project is well-positioned for success. 

Wicheeda Delivers Consistent Exploration Results

Defense Metals has consistently delivered strong exploration results, with recent assay announcements including 138 meters of 3.66% TREO. These positive findings have attracted the attention of top mining executives like John Robins, P.Geo., who has joined the Defense Metals advisory board as an investor. 

Wicheeda's Excellent Economics 

The November 2021 preliminary economic assessment (PEA) for the Wicheeda project yielded an impressive after-tax C$517m NPV8%. With analyst coverage from top firms in North America and outperforming ratings, the project's prospects look promising. As Canada's most advanced rare earth development project, Wicheeda has the largest annual production profile in the North American or Australian pipeline. 

Defense Successfully Navigates Challenging Markets 

Many mining companies struggled to secure financing amidst market volatility and rising interest rates in 2022. Defying market challenges, Defense Metals Corp. has managed to raise capital for the Wicheeda Project, even witnessing an oversubscription in its last offering. The successful C$6-million (~US$4.5-million) private placement in December 2022 highlights investors' confidence in the project and the company's management team. 

Exploration Experts 

Defense Metals Corp.'s leadership boasts decades of experience in exploration and development. CEO Craig Taylor's keen focus on promising sectors enabled the company to assemble a skilled team of experts, ensuring the success of the Wicheeda Project, and contributing to the growing green energy landscape. 

Given the company's progress and the catalysts that are driving the REE market, we urge you to pay special attention to Defense Metals Corp. DEFN DFMTF (FSE:35D) right now.

The information disclosed herein is only summary information about Defense Metals  Corp. and the industry in which it operates. Visit www.sedar.com and  www.defensemetals.com to review additional disclosures, information, and filings for Defense Metals Corp.

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