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Defense Metals
(OTC:DEFN)
Defense Metals (DEFN) vs. S&P 500 (SPY)
Defense Metals Business Overview & Revenue Model
Defense Metals Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -10.01K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -3.11M | -3.12M | -4.04M | -4.01M | -2.69M | -1.25M | EBITDA |
| -2.62M | 361.32K | -2.71M | -3.78M | -2.64M | -217.13K | Net Income Common Stockholders |
| -3.01M | -2.76M | -2.71M | -3.78M | -2.64M | -1.23M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 166.18K | 916.07K | 1.76M | 724.81K | 849.47K | 166.18K | Total Assets |
| 2.04M | 42.65M | 32.74M | 25.26M | 4.14M | 2.04M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -166.18K | -916.07K | -1.76M | -724.81K | -849.47K | -166.18K | Total Liabilities |
| 207.31K | 808.91K | 656.52K | 668.62K | 327.87K | 207.31K | Stockholders Equity |
| 1.84M | 41.84M | 32.09M | 24.59M | 3.81M | 1.84M |
| Cash Flow | Free Cash Flow | ||||
| -10.27M | ― | -9.60M | -5.24M | -3.45M | -2.11M | Operating Cash Flow |
| -2.11M | ― | -2.96M | -2.36M | -2.00M | -924.13K | Investing Cash Flow |
| -8.16M | -10.12M | -6.90M | -2.95M | -1.53M | -1.18M | Financing Cash Flow |
| 574.60K | 11.88M | 10.91M | 5.18M | 4.22M | 2.08M |
Defense Metals Technical Analysis
Defense Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
47 Neutral | C$44.32M | ― | -10.05% | ― | ― | -29.51% | |
47 Neutral | $2.64B | -3.82 | -29.05% | 3.32% | 2.72% | -29.50% | |
46 Neutral | C$157.71M | ― | -21.82% | ― | -27.73% | -44.62% | |
43 Neutral | C$18.25M | ― | -5.00% | ― | ― | -1118.18% | |
37 Underperform | C$56.55M | ― | -34.08% | ― | ― | -112.17% |
Defense Metals Corporate Events
Defense Metals Corp. has secured up to C$853,825 in funding from Natural Resources Canada’s Critical Minerals Infrastructure Fund to advance infrastructure for its Wicheeda Rare Earth Element Project. This funding will support an economic study for a transmission line connecting the project to the provincial power grid, enhancing its operational sustainability and reinforcing its potential as a significant North American supplier of critical rare earth elements. The involvement of the McLeod Lake Indian Band as an equity partner underscores the project’s commitment to Indigenous engagement and sustainable development, positioning Defense Metals as a key player in the critical minerals sector.
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.
Defense Metals Corp. has introduced a solvent extraction circuit to its hydrometallurgical plant flowsheet to remove low-value cerium and lanthanum. This adjustment is set to significantly increase the neodymium and praseodymium oxide content of its mixed rare earth carbonate product, elevating its market value and appeal to downstream processors. This strategic enhancement is expected to outweigh the increased capital costs, positioning Defense Metals favorably in the rare earth market outside of China.
Defense Metals Corp. announced the issuance of 491,807 common stock shares to satisfy interest payments on secured convertible notes, amounting to C$100,821.92. This move, pending TSX Venture Exchange approval, reflects the company’s strategy to manage its financial obligations while maintaining focus on its core operations. The issuance also highlights Defense Metals’ commitment to advancing its Wicheeda Rare Earth Element Project, which is pivotal for its positioning within the rare earth elements market.
Defense Metals Corp. has announced key leadership changes with the appointment of Mr. Mark Tory as the new President and CEO, succeeding Dr. Luisa Moreno, who remains on the board. These appointments are expected to bolster the company’s management team as it continues to focus on its strategic Wicheeda Rare Earth Element Project.
Defense Metals Corp. has made significant progress in its Wicheeda Project, anticipating the release of a pre-feasibility study in February. The company has strengthened its management team and secured financial backing, positioning itself strategically amidst geopolitical shifts that highlight an over-reliance on China for rare earth supplies. This context offers opportunities for technical cooperation and financial support from both industry and government entities. Additionally, the recovery of rare earth prices and positive interest from potential partners indicate a promising outlook for Defense Metals.
Defense Metals Corp. has announced the grant of nearly 10 million incentive stock options to its team, aiming to attract and retain top talent for its Wicheeda Rare Earth Element Project in British Columbia. The project, which is strategically located near infrastructure and transportation routes, is a key focus as the company works toward completing a Prefeasibility Study in early 2025.
Defense Metals has announced the results of its annual general meeting where shareholders approved the existing board and key resolutions including an incentive plan. The company is advancing its Wicheeda Rare Earth Element Project in British Columbia, enhancing its strategic position in the rare earth market.