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 100% owned Wicheeda Project has an Indicated Mineral Resource of 5 million tonnes averaging 2.95% TREO (Total Rare-Earth Oxide), and an Inferred Mineral Resource of 29.5 million tonnes averaging 1.83% TREO. The Property consists of 9 mineral claims covering an area of 4,244 hectares, located approximately 80 km northeast of the city of Prince George, British Columbia, Canada.
Key Highlights
-
High quality, advanced-stage asset with the potential to be a globally significant producer.
-
Completed PEA* and advancing to PFS with Pilot Plant completion expected in 2023. Wicheeda targets about 10% of current global REE production with a US$367M after-tax NPV8%.
-
Project is accessible by road, with proximity to rail and power infrastructure, and access to a major deep-sea port.
-
Technically strong, open pit project with favorable, conventional metallurgy.
-
Experienced technical team working with industry-leading partners: SGS, SRK Consulting, and APEX Geoscience Ltd.
LEADING NORTH AMERICA'S SUPPLY CHAIN
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.sedar.com)”