Defense Metals (TSE:DEFN) has released an update.
Defense Metals Corp. has completed a $4 million convertible bridge financing to fund the prefeasibility study for its Wicheeda Rare Earth Element Project and execute its CEO search. The study, set to be completed by end of the year with results expected in early 2025, is key for moving towards production, while a new CEO is anticipated to be appointed in the same timeframe.
For further insights into TSE:DEFN stock, check out TipRanks’ Stock Analysis page.