Rare Earth Mining Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - 'DEFENSE METALS: THE SCARCER THE GOODS, THE HIGHER THE PRICE'
Vancouver, British Columbia - December 17, 2020 (Investorideas.com Newswire) Media alert for Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF / FSE: 35D).The company was featured in the following article : "E.ON, SARTORIUS, DEFENSE METALS: THE SCARCER THE GOODS, THE HIGHER THE PRICE."
Full article and Original source
DEFENSE METALS: GOOD UNDERLYING CONDITIONS, SPECULATIVE SHARE
Defense Metals is still a long way from a share price performance like that of Sartorius. However, the Canadian Company is also sitting on an essential commodity: rare earths. 90% of this critical raw material is mined in China and found in many products, such as consumer electronics and rechargeable batteries. Defense Metals is developing one of the few rare earth properties in North America, emphasizing the strategic importance of the metals, including to the defence industry.
Recently, Jamie Spratt, an expert in corporate finance, joined the Defense Metals team. The appointment is a sign that Defense Metals wants to get down to business as quickly as possible. The Company has an option to buy the Wicheeda rare earth project near the Canadian city of Prince George. Exploration drilling has already shown promise in recent months.
Given the growing scarcity of rare earth metals and the simultaneous increase in demand for raw materials from regions with high environmental standards, the general conditions for Defense Metals are considered good. However, as the Company is still only valued at just over EUR 7 million, the stock must be regarded as speculative.
At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.
About Defense Metals Corp. https://defensemetals.com/
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 contact:
Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Forward Looking Information
This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to finding partnerships, securing potential offtake agreements, and other business opportunities, 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 Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's 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 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 Company's ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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