{"id":386683,"date":"2020-11-23T08:03:42","date_gmt":"2020-11-23T13:03:42","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386683"},"modified":"2020-11-23T08:03:42","modified_gmt":"2020-11-23T13:03:42","slug":"defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project\/","title":{"rendered":"Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>VANCOUVER,\u00a0BC, <span class=\"xn-chron\">Nov. 23, 2020<\/span> \/PRNewswire\/ &#8211;\u00a0Defense Metals Corp. (&#8220;<b>Defense Metals<\/b>&#8221; or the &#8220;<b>Company<\/b>&#8220;) (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D)\u00a0is pleased to announce that\u00a0it has commissioned SGS Canada Inc. (&#8220;<b>SGS<\/b>&#8220;) to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company&#8217;s highly successful 26 tonne flotation pilot-plant that yielded a <b>mineral<\/b><b>concentrate averaging 7.4% NdPr oxide <\/b>(neodymium-praseodymium) (<i>see Defense Metals news release dated <span class=\"xn-chron\">September 23, 2020<\/span><\/i>).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1340026\/Defense_Metals_Corp__Defense_Metals_Corp__Initiates_Pre_Pilot_Hy.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1340026\/Defense_Metals_Corp__Defense_Metals_Corp__Initiates_Pre_Pilot_Hy.jpg\" title=\"Defense Metals Corp. logo (CNW Group\/Defense Metals Corp.)\" alt=\"Defense Metals Corp. logo (CNW Group\/Defense Metals Corp.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <span class=\"xn-person\">Craig Taylor<\/span>, CEO comments: <\/p>\n<p id=\"indentid\" class=\"prnml40\">&#8220;<i>The previously closed <span class=\"xn-money\">$0.25<\/span> per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, we intend to complete the preliminary economic assessment (PEA) by the end of the Q1 2021.<\/i>&#8221;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>Bench-scale hydrometallurgical test work finalized earlier this year and designed to inform operation of a large-scale hydrometallurgical pilot-plant, yielded <b>~ 90%\u00a0TREE <\/b><b>(Total REE)<b>\u00a0recovery from concentrate <\/b><\/b>into a chloride-based leach solution, and production of\u00a0<b>a high-grade 67.5% TREE\u00a0<\/b>mixed hydroxide precipitate (<i>see Defense Metals news release dated <span class=\"xn-chron\">February 20, 2020<\/span><\/i>).<\/p>\n<p>The recently commissioned fill-in test work will have the following objectives:<\/p>\n<ul type=\"disc\">\n<li>Increase overall REE extraction into high purity final REE precipitate. <\/li>\n<li>Examine impact of recycling certain process streams on metallurgical performance. <\/li>\n<li>Prepare for the operation of a hydrometallurgical pilot plant.<\/li>\n<\/ul>\n<p>\n        <b>Wicheeda REE Project<\/b>\n      <\/p>\n<p>The Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of\u00a012,100,000 tonnes averaging 2.90% LREO<sup>1<\/sup>. <\/p>\n<p>\n        <b>Qualified Person<\/b>\n      <\/p>\n<p>The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of <span class=\"xn-location\">Edmonton, AB<\/span>, a director of Defense Metals and a &#8220;Qualified Person&#8221; as defined in National Instrument 43-101 \u2013 <i>Standards of Disclosure<\/i><i>for Mineral Projects<\/i>.\u00a0 <\/p>\n<p>\n        <b>About Defense Metals Corp.<\/b>\n      <\/p>\n<p>Defense Metals Corp. is a mineral exploration company focused on the acquisition of\u00a0mineral deposits containing metals and elements\u00a0commonly used in the electric power market, military, national security and the production of &#8220;GREEN&#8221; 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 <span class=\"xn-location\">Prince George, British Columbia<\/span>, Canada. Defense Metals Corp. trades in <span class=\"xn-location\">Canada<\/span> under the symbol &#8220;DEFN&#8221; on the TSX Venture Exchange, in <span class=\"xn-location\">the United States<\/span>, under &#8220;DFMTF&#8221; on the OTCQB and in <span class=\"xn-location\">Germany<\/span> on the Frankfurt Exchange under &#8220;35D&#8221;.<\/p>\n<p>\n        <i>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.<\/i>\n      <\/p>\n<p>\n        <b>Cautionary Statement Regarding Forward Looking Information <\/b>\n      <\/p>\n<p>This news release contains &#8220;forward\u2013looking information or statements&#8221; within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Company&#8217;s plans for its Wicheeda project, use of funds, completion of PEA, completion of fill-in test work and expected results therefrom, 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&#8217;s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company&#8217;s profile on SEDAR at <a href=\"http:\/\/www.sedar.com\" rel=\"nofollow\">www.sedar.com<\/a>. 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 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&#8217;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\u2013looking statements or forward\u2013looking information, except as required by law. <\/p>\n<div>\n<table id=\"convertedTablea6db\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">______________________<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>1<\/sup> Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.&#8217;s profile on SEDAR (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2989833-1&amp;h=3225203445&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">www.sedar.com<\/a>) <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA99993&amp;sd=2020-11-23\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project-301178348.html\">http:\/\/www.prnewswire.com\/news-releases\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project-301178348.html<\/a><\/p>\n<p>SOURCE  Defense Metals Corp.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA99993&amp;Transmission_Id=202011230800PR_NEWS_USPR_____VA99993&amp;DateId=20201123\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VANCOUVER,\u00a0BC, Nov. 23, 2020 \/PRNewswire\/ &#8211;\u00a0Defense Metals Corp. (&#8220;Defense Metals&#8221; or the &#8220;Company&#8220;) (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D)\u00a0is pleased to announce that\u00a0it has commissioned SGS Canada Inc. (&#8220;SGS&#8220;) to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company&#8217;s highly successful 26 tonne flotation pilot-plant that yielded a mineralconcentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) (see Defense Metals news release dated September 23, 2020). Craig Taylor, CEO comments: &#8220;The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386683","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER,\u00a0BC, Nov. 23, 2020 \/PRNewswire\/ &#8211;\u00a0Defense Metals Corp. (&#8220;Defense Metals&#8221; or the &#8220;Company&#8220;) (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D)\u00a0is pleased to announce that\u00a0it has commissioned SGS Canada Inc. (&#8220;SGS&#8220;) to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company&#8217;s highly successful 26 tonne flotation pilot-plant that yielded a mineralconcentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) (see Defense Metals news release dated September 23, 2020). Craig Taylor, CEO comments: &#8220;The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, &hellip; Continue reading &quot;Defense Metals Corp. 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Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project\/","og_locale":"en_US","og_type":"article","og_title":"Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project - Market Newsdesk","og_description":"PR Newswire VANCOUVER,\u00a0BC, Nov. 23, 2020 \/PRNewswire\/ &#8211;\u00a0Defense Metals Corp. (&#8220;Defense Metals&#8221; or the &#8220;Company&#8220;) (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D)\u00a0is pleased to announce that\u00a0it has commissioned SGS Canada Inc. (&#8220;SGS&#8220;) to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company&#8217;s highly successful 26 tonne flotation pilot-plant that yielded a mineralconcentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) (see Defense Metals news release dated September 23, 2020). Craig Taylor, CEO comments: &#8220;The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, &hellip; Continue reading \"Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-23T13:03:42+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1340026\/Defense_Metals_Corp__Defense_Metals_Corp__Initiates_Pre_Pilot_Hy.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/defense-metals-corp-initiates-pre-pilot-hydrometallurgical-optimization-for-its-rare-earth-elements-project\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Defense Metals Corp. 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