Defense Metals is advancing its 100% owned Wicheeda project near Prince George, BC. The 4,244 ha project has the potential to be a globally significant rare-earth producer, and is strategically positioned along a major forestry road with valuable infrastructure nearby.

The 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. In late 2021, the Company announced a robust Preliminary Economic Assessment, and it is currently advancing to PFS with pilot plant expected completion in 2023.

A resource update is expected soon.