VANCOUVER, BC, Oct. 25, 2021 /CNW/ - Defense Metals Corp.
("Defense Metals") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is
pleased to announce that Dr. Luisa
Moreno has joined the board of directors of the Company.
Dr. Luisa Moreno is a Physics
Engineer, with a PhD in Materials Science and Mechanics from
Imperial College London, in the United
Kingdom. She held positions as Senior Analyst, at
Toronto based investment banks and
as an Investment Research Analyst at a global investment research
firm. She is known as a leading analyst in rare earths and has
published several reports and articles for the investment
community. Dr. Moreno has co-authored a book on mineral processing
and project financing and authored a number of advanced industry
and technical reports on several technology minerals.
Currently, Dr. Moreno is the Chief Executive Officer of Graphano
Energy Ltd. and the Managing Director of Tahuti Global Inc., a
company that she founded. As a strategic consultant she assists
both public and private companies and institutional investors with
economic and technical assessments of mineral assets and
technologies. She also works with government institutions tasked
with mineral development, value addition and supply chain
development. Dr. Moreno is also on the board of directors of
several companies developing strategic minerals and green
technologies. She is a recognized strategic minerals specialist and
a common guest speaker on television and at international
conferences.
Concurrent with her appointment, the Company's has granted
incentive stock options to Dr. Moreno to purchase up to 300,000
common shares of the Company at a price of $0.27 per common share for a period of three (3)
years. The options fully vested on the date of grant.
Craig Taylor, CEO of Defense
Metals, states: "As we near completion of our ambitious 2021
Wicheeda REE deposit resource expansion and delineation diamond
drill program and economic scenario analysis being conducted by
SRK, we are excited to welcome Dr. Moreno to the board. Dr. Moreno
has demonstrated an ability to analyze the technical aspects of
specialty metals deposits and brings with her a wealth of knowledge
and international capital markets experience that will be critical
in moving Wicheeda forward."
Dr. Luisa Moreno comments:
"Having followed rare earths projects around the world for several
years, I believe the Wicheeda project is one of the most
prospective rare earths projects in Canada and globally. Therefore, I am delighted
to be part of the Defense Metals team and I look forward to working
with the board to make Wicheeda an integral REE source for the
global supply chain."
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, 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".
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Statement Regarding "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 the
composition of the board of directors, completion of drilling and
resource expansion, the completion of the economic scenario
analysis, plans for its Wicheeda project, the advancement and
development of the Wicheeda project, the technical, financial and
business prospects of the Company, its projects 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 the risks and uncertainties relating to the
interpretation of exploration results, the interpretation of
technical and scientific data, risks related to the inherent
uncertainty of exploration and development and cost estimates and
the potential for unexpected costs and expenses and including those
other risks filed under the Company's profile on SEDAR at
www.sedar.com. While such estimates and assumptions are considered
reasonable by the management of the Company, they are inherently
subject to significant business, economic, competitive and
regulatory uncertainties and risks. 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 and climate conditions, failure to
maintain or obtain 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/defense-metals-corp-appoints-new-director-301407399.html
SOURCE Defense Metals Corp.