Defense Metals Acquires Wicheeda Rare Earth Element Property in British Columbia, Canada
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Defense Metals Corp. has completed the acquisition of Spectrum Mining Corporation, the holder of a 100 percent interest in the Wicheeda Rare Earth Element (REE) Property.
“Since entering the option to acquire the exploration stage Wicheeda REE Project in late 2018 Defense Metals has advanced the project through metallurgical flowsheet development, and initial and updated mineral resource estimates. This work has culminated in our recent positive PEA for Wicheeda,” said Craig Taylor, CEO of Defense Metals.
“Defense Metals now owns and controls 100 percent of the Wicheeda REE Project. With this acquisition, and our PEA, we look forward to continuing to advance this exceptional North American REE asset,” added Taylor.
About Spectrum Mining Corporation / Wicheeda Project
Spectrum, a private British Columbia incorporated company, is the legal, beneficial, and registered holder of a 100 percent interest in and to six mining claims located in the Cariboo Mining Division, British Columbia known as the Wicheeda Rare Earth Element (REE) Property.
About the Wicheeda REE Property
The 2,008 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN railway and major highways.
Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.
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, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100 percent of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada.
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