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Defense Metals ( (TSE:DEFN) ) has shared an announcement.
Defense Metals Corp. has released positive results from its Pre-Feasibility Study (PFS) for the Wicheeda Rare Earth Element (REE) project in Canada, highlighting its robust economic potential. With a pre-tax NPV of $1.8 billion and an IRR of 24.6%, the project positions itself as a leading solution for Western-aligned supply chains, offering high-grade mineral concentrates and significant operational margins. These developments underscore the project’s strategic importance amid growing demand for critical minerals, enhancing the company’s industry positioning and potential stakeholder benefits.
More about Defense Metals
Defense Metals Corp. operates in the rare earth elements industry, focusing on the exploration and development of its Wicheeda Rare Earth Element (REE) deposit in British Columbia, Canada. The company is committed to establishing a reliable, Western-aligned supply of vital materials used in electric vehicles, renewable energy, and defense technologies, reducing reliance on foreign sources.
YTD Price Performance: -20.0%
Average Trading Volume: 115,492
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $30.29M
See more insights into DEFN stock on TipRanks’ Stock Analysis page.
