Defense Metals Corp.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Mark Kevin Tory
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 800 West Pender Street Vancouver BC Canada V6C 2V6
- IPO Date
- Jan 8, 2021
- CIK
- 0001798652
- Website
- defensemetals.com
- Similar Companies
- Business
- Defense Metals Corp. (TSXV: DEFN; OTCQB: DFMTF) engages in the acquisition, exploration, development, and evaluation of mineral properties focused on rare earth elements in Canada. The company advances its 100% owned Wicheeda Rare Earth Element Project, comprising 12 mineral claims covering approximately 8,301 hectares located 80 kilometers northeast of Prince George, British Columbia; the project features a Proven and Probable Mineral Reserve of 25.5 million tonnes averaging 2.43% TREO, Measured and Indicated Mineral Resources of 29.2 million tonnes averaging 2.27% TREO, and Inferred Mineral Resources of 5.5 million tonnes averaging 1.42% TREO. Defense Metals targets critical metals used in defense, national security, and green energy technologies, including wind turbines and electric vehicle motors, with operations centered in British Columbia on the traditional territory of the McLeod Lake Indian Band. Founded in 2016 and headquartered in Vancouver, British Columbia, the company maintains strategic relationships with Western governments in Canada, the United States, and the European Union, supported by a leadership team experienced in rare earth development. Recent developments include the completion and filing in April 2025 of an independent NI 43-101 Pre-Feasibility Study technical report for the Wicheeda Project, effective February 28, 2025, reaffirming robust economics with high operating margins; execution of a Joint Co-Design Agreement in 2024 with the McLeod Lake Indian Band, an important partner and shareholder; and engagement of Hatch Ltd. to optimize the hydrometallurgical plant location on a brownfield site. Defense Metals signed a Memorandum of Understanding with a potential strategic partner for a supply agreement covering a significant portion of planned output, pursues additional offtake discussions, and plans commencement of a Definitive Feasibility Study in the first half of 2026, alongside ongoing metallurgical optimization, environmental baseline work, and indigenous engagement.
Company News
Defense Metals Resource Upgrade Drilling Intersects 2.86% TREO over 65 Metres; Including 6.15% TREO over 20 Metres at the Wicheeda Rare Earth Project
Defense Metals Resource Upgrade Drilling Intersects 2.86% TREO over 65 Metres; Including 6.15% TREO over 20 Metres at the Wicheeda Rare Earth Project
Defense Metals Invited by Natural Resources Canada to Submit a Full Project Proposal for its Wicheeda Processing Feasibility Program
Defense Metals Provides Corporate Update Highlighting Continued Execution and Strategic Momentum
Defense Metals and Hanwha Corporation Sign Non-Binding Memorandum of Understanding To Advance Domestic Rare Earth Supply Chain
Defense Metals Commences Pilot Flotation Test Program at SGS Lakefield for the Wicheeda Rare Earth Project
Defense Metals Announces Commencement of the Spring 2026 Drill Program at Wicheeda Rare Earths Project
Defense Metals Announces Inclusion in New Sprott Rare Earths Ex-China ETF
Defense Metals Receives Conditional Approval for up to C$1.88 Million in Funding for Wicheeda Rare Earth Elements Clean Energy and Transportation Infrastructure Project
Defense Metals Provides Update on Wicheeda Project Development
Defense Metals Showcases Rare Earth Leadership in European Trade Mission Led by Canadian Government
Defense Metals' Wicheeda Project Selected as One of only Three New Promising Projects by the British Columbia Critical Minerals Office for their Advanced Project Initiative
Defense Metals Announces Pilot-Scale Flotation Test Program for Wicheeda Rare Earth Project
Defense Metals Appoints Robin Jones as Vice President, Projects
Defense Metals Provides Joint Letter to Shareholders from Executive Chairman and CEO
Defense Metals Receives Support from the McLeod Lake Indian Band while Meeting in Ottawa with Canadian Government Officials to Advance the Wicheeda Rare Earth Project
Defense Metals Appoints Ali Mahdavi as SVP Corporate Development, and grants incentive stock options
DEFENSE METALS PROVIDES BUSINESS UPDATE
DEFENSE METALS SETTLES DEBT WITH HCF INTERNATIONAL ADVISERS THROUGH EQUITY
DEFENSE METALS SETTLES DEBT WITH HATCH THROUGH EQUITY