Defense Metals Corp. Receives Additional Funds From the Exercise of Warrants to Fund a Preliminary Economic Assessment and Other Corporate Purposes
(firmenpresse) -
News Release - Vancouver, British Columbia - December 22, 2020: Defense Metals Corp. (Defense Metals or the Company) (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) is pleased to announce that 3,157,828 warrants with an exercise price of $0.20 were exercised and the remaining unexercised warrants with an expiry date of December 21, 2020 have expired. The proceeds of the exercise of these warrants were $631,565.60. The use of proceeds will be used to complete the preliminary economic assessment (PEA) in the new year, and for general working capital and corporate purposes.
Craig Taylor, CEO comments:
The exercise of warrants adds further funds to our company and will assist in advancing the Wicheeda Rare Earth Elements project. We have made tremendous progress over the past two years and we look forward to continuing that success in 2021.
Wicheeda REE Project
The Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.s profile on SEDAR (www.sedar.com)
.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Defense Metals Corp.
Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of GREEN energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol DEFN on the TSX Venture Exchange, in the United States, under DFMTF on the OTCQB and in Germany on the Frankfurt Exchange under 35D.
For further information, please visit https://defensemetals.com/ or contact:
Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd(at)blueskycorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward Looking Information
This news release contains forwardlooking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Companys plans for its Wicheeda project, use of funds, completion of PEA, exercise of option to acquire 100% of the Wicheeda project, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Companys views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Companys profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Companys ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Loncor Reports Significant Gold Intercepts at its Flagship Adumbi Deposit">
" alt="Gratomic Announces Completion of N143-101 for 100% Owned Buckingham Project">
Datum: 22.12.2020 - 08:06 Uhr
Sprache: Deutsch
News-ID 1563384
Anzahl Zeichen: 2238
contact information:
Contact person:
Town:
Wien
Phone:
Kategorie:
Business News
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 872 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Defense Metals Corp. Receives Additional Funds From the Exercise of Warrants to Fund a Preliminary Economic Assessment and Other Corporate Purposes
"
steht unter der journalistisch-redaktionellen Verantwortung von
Defense Metals Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
