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Exploring Mining Podcast - News from Mining Stocks (TSXV: DEFN) (OTCQB: DFMTF) (NYSE: GOLD) (TSX: TLO) (CSE: COSA)


September 12, 2023 ( Newswire), a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts.

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Exploring Mining Podcast - News from Mining Stocks (TSXV: DEFN) (OTCQB: DFMTF) (NYSE: GOLD) (TSX: TLO) (CSE: COSA)


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Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has announced an updated Mineral Resource Estimate (the 2023 MRE) for the development of its Wicheeda Rare Earth Element (REE) deposit in British Columbia, Canada. Highlights include a 4 million tonne Measured Mineral Resource, averaging 2.86 percent Total Rare Earth Oxide (TREO), a 27.8 million tonne Indicated Mineral Resource, averaging 1.84 percent TREO, and an 11.1 million tonne Inferred Mineral Resource, averaging 1.02 percent TREO. The company"s CEO, Craig Taylor, commented:

"Defense Metals is excited to release our updated mineral resource estimate for the Wicheeda Deposit, one of North America's most advanced Rare Earth development projects. With over 10,000 metres of additional drilling completed since our 2021 mineral resource we have now converted 100% of that resource to the measured and indicated categories, in addition to growing the overall resource by 17%. Importantly, we believe the upgrading of resources now demonstrates that we have established the tonnage and grades necessary to carry forward into our ongoing preliminary feasibility study."

Barrick Gold Corporation (NYSE:GOLD) has announced plans to double its copper production by the end of the decade and continue to increase it to an estimated 1 billion pounds or 450,000 tonnes of copper per annum by 2031. This is according to the company"s President and CEO, Mark Bristow, speaking to investors on an update call. Bristow also indicated Barrick"s sector-leading gold portfolio, which "was expected to increase the group"s attributable production by some 30% to 6.8 million gold-equivalent ounces by 2031."

Talon Metals Corp. (TSX:TLO), through its wholly owned subsidiary Talon Nickel (USA) LLC, has entered into a definitive agreement with the US Department of Defense's Office of Manufacturing Capability Expansion and Investment Prioritization. This, with $20.6 million USD in funding from the DoD, will see the acceleration and expansion of Talon's "efforts to discover and secure additional domestic supply of nickel for the growing US battery manufacturing base and defense related supply chains." Henri van Rooyen, CEO of Talon, said:

"This funding makes clear that domestic supply of nickel is a national security priority. Congress and the Biden Administration have created powerful new tools to build-up domestic supply of critical minerals required for clean energy systems and national defense. With this funding, Talon will be able to accelerate our efforts to discover domestic sources of battery grade nickel and help ensure that the United States is not dependent on Russia, China or Chinese companies operating in countries like Indonesia for nickel that is needed in both defense platforms and clean energy systems."

Cosa Resources Corp. (CSE:COSA) has announced the expansion of its Ursa Project and the acquisition of the 100 percent-owned Polaris and Eclipse uranium exploration properties in the Athabasca Basin region of Saskatchewan, Canada. Specifically, this means that Ursa has expanded to 60,599 hectares with two new claims totalling 3530 hectares, the Polaris property covers 3290 hectares and 9 kilometres of prospective magnetic low zones, and the Eclipse property covers 1622 hectares.

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