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3 stories mentioning DEFN.VUpdated 31d ago

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Mining & Metals

Defense Metals Enters Rare Earths Agreement with South Korea's Hanwha Ocean

Defense Metals (DEFN.V) has entered into a non-binding memorandum of understanding with South Korean shipbuilder Hanwha Ocean to collaborate on rare earth elements and potential investment opportunities, Defense Metals said Wednesday.Under the terms, the companies will evaluate a framework for a potential long-term offtake agreement, under which Defense Metals could supply certain rare earth materials produced from its Wicheeda rare earths project in British Columbia to support Hanwha's manufacturing and supply chain requirements.The parties will also explore the possibility of a strategic investment by Hanwha or any of its affiliates in Defense Metals."We believe collaboration with a global premium naval vessel manufacturer position both organizations to contribute to a more secure and resilient domestic supply ecosystem while supporting long-term industrial development in Canada," Defense Metals Chief Executive Officer Mark Tory said.There can be no assurance that the parties will enter into a definitive agreement or complete any transaction contemplated by the MOU, Defense Metals said.

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Mining & Metals

Defense Metals Begins Pilot Flotation Test Program at SGS Lakefield for the Wicheeda Rare Earth Project

Defense Metals (DEFN.V) has begun a confirmatory pilot flotation plant test program for its Wicheeda Project, the company said on Tuesday.The program will be conducted at the SGS Canada Inc. metallurgical facility in Lakefield, Ontario, the company said.The company has engaged SGS Canada to undertake the pilot flotation program, which is designed to confirm the results of the 2021 pilot plant, further advance metallurgical development, generate flotation concentrate for hydrometallurgical pilot plant work, and support future engineering studies for the Wicheeda Project.The program will use approximately 30 tonnes of drill core material from the Wicheeda deposit in two sub-samples representing planned production from years 1 through 5 and year 6 onwards of the PFS mine plan, said the company."The primary objective of the pilot flotation campaign is to generate a representative rare earth flotation concentrate grading approximately 50% total rare earth oxides ("TREO")," said the company. "The concentrate produced during the pilot program will be used in a planned downstream hydrometallurgical pilot plant aimed at confirming and optimising the general process conditions of the PFS with the representative concentrate generated from this pilot flotation program."In addition to concentrate production, the continuous pilot-scale operation will generate representative process tailings for downstream testing and characterization, said the company and added that the pilot plant will also confirm metallurgical performance under continuous operating conditions while providing "valuable engineering and process design data for future project development activities.""SGS has completed pre-pilot characterization work, including head assays, grindability testing, laboratory-scale flotation testing, and pilot plant setup activities," said the company.Pilot plant operations are scheduled to begin on May 12, 2026, and are expected to continue for approximately five weeks."We are very pleased to commence this important pilot flotation campaign with SGS Lakefield, which marks another major step in advancing the Wicheeda Project toward development," said Mark Tory, Chief Executive Officer of Defense Metals. "The generation of a representative high-grade rare earth concentrate for downstream hydrometallurgical testing is a critical component in further de-risking the project and refining our process flowsheet. The pilot program will also provide valuable engineering and operational data needed to continue progressing Wicheeda as a potential North American source of rare earth materials."The company also announced that Michelle Tanguay has been appointed Vice President of Environment and Social Performance.The company's shares were last seen unchanged at $0.21 on the TSX Venture Exchange.Price: $0.21, Change: $-0.01, Percent Change: -2.38%

$DEFN.V
Mining & Metals

Defense Metals Mobilizes Field Crews for Drill Program at Wicheeda Rare Earths Project

Defense Metals (DEFN.V) has completed the mobilization of field crews for a spring core drill program at the Wicheeda rare earths project in British Columbia.The company plans to complete about 6,865 meters of drilling, which aims to provide critical data for engineering and environmental datasets required for a feasibility study.The program will comprise 1,475 m of pit slope geotechnical drilling, 2,590 m of waste rock geochemical drilling, and 2,800 m of resource upgrade and infill drilling."This drill campaign, with a particular focus on infill drilling, is strategically designed to both enhance and expand our current mineral resource and reserve estimates potentially resulting in the extension of the Wicheeda project's mine life," Chief Executive Officer Mark Tory said.

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