Defense Metals (TSE:DEFN) has released an update.
Defense Metals Corp. has received crucial support from the Government of British Columbia for its Wicheeda Rare Earth Element Project, which is anticipated to bolster the development of the project and align with BC’s critical minerals strategy. The provincial government’s backing is expected to smooth regulatory pathways and enhance the project’s prospects, with the company targeting to start production in 2029. This support is viewed as a significant step towards Defense Metals becoming a leading North American producer of essential rare earth elements.
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