Defense Metals Corp.
Price History
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About Defense Metals Corp.
Defense Metals is advancing the Wicheeda rare earth element project in British Columbia, one of Canada's most advanced REE development projects with high light rare earth concentrations. The project is strategically positioned for future commercial production of critical minerals for defense and technology applications.
Primary Commodities
Project Economics
Wicheeda Rare Earths Project
- Mineral Reserves
- 26.34 Mt at 2.37% TREO (Proven + Probable) as of February 28, 2025
- Mineral Resources
- Measured: 6.4 Mt at 2.86% TREO; Indicated: 27.8 Mt at 1.84% TREO; Inferred: 11.1 Mt at 1.02% TREO (2023 MRE, cutoff 0.5% TREO)
Wicheeda Rare Earth Project
- Mineral Reserves
- 25.5 Mt at 2.43% TREO (Proven: 5,688 kt at 2.90% TREO; Probable: 19,775 kt at 2.30% TREO)
- Mineral Resources
- M&I: 29,150 kt at 2.27% TREO; Inferred: 5,500 kt at 1.42% TREO
- Royalties / Streams
- LOM royalties of $90M (undiscounted) or $1.36/kg NdPrO equivalent
Wicheeda Rare Earth Element Project
- Mineral Reserves
- 25.5 Mt at 2.43% TREO (Proven 5,688 kt at 2.90% TREO + Probable 19,775 kt at 2.30% TREO)
- Mineral Resources
- Measured + Indicated: 29.15 Mt at 2.27% TREO; Inferred: 5.5 Mt at 1.42% TREO
Wicheeda
- Mineral Reserves
- 25.5 Mt @ 2.43% TREO (Proven & Probable)
- Mineral Resources
- M&I: 29.3 Mt @ 2.27% TREO; Inf: 5.50 Mt @ 1.40% TREO
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
Financial Metrics
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Press Releases
Defense Metals Enters Rare Earths Agreement with South Korea's Hanwha Ocean
Defense Metals (DEFN.V) has entered into a non-binding memorandum of understanding with South Korean
Defense Metals and Hanwha Corporation Sign Non-Binding Memorandum of Understanding To Advance Domestic Rare Earth Supply Chain
Defense Metals Corp. ("Defense Metals" or the "Company"; (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) today announced that it has entered into a non-binding memorandum of understanding ("MOU") with Hanwha Ocean Co. Ltd ("Hanwha") and its affiliate Hanwha Corporation, signed on May 25, 2026, to explore a strategic collaboration involving the future supply of rare earth elements ("REEs") and potential investment opportunities.
Defense Metals Begins Pilot Flotation Test Program at SGS Lakefield for the Wicheeda Rare Earth Project
Defense Metals (DEFN.V) has begun a confirmatory pilot flotation plant test program for its Wicheeda
Defense Metals Commences Pilot Flotation Test Program at SGS Lakefield for the Wicheeda Rare Earth Project
Defense Metals Corp. ("Defense Metals" or the "Company"; (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D), a company focused on the development of its wholly-owned Wicheeda Rare Earth Project (the "Wicheeda Project"), located near Prince George, British Columbia, Canada, is pleased to announce the commencement of a confirmatory pilot flotation plant test program for its Wicheeda Project. The program will be conducted at the SGS Canada Inc. metallurgical facility in Lakefield, Ontario.
Defense Metals Commences Pilot Flotation Test Program at SGS Lakefield for the Wicheeda Rare Earth Project
Defense Metals Corp. ("Defense Metals" or the "Company"; (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D), a company focused on the development of its wholly-owned Wicheeda Rare Earth Project (the "Wicheeda Project"), located near Prince George, British Columbia, Canada, is pleased to announce the commencement of a confirmatory pilot flotation plant test program for its Wicheeda Project. The program will be conducted at the SGS Canada Inc. metallurgical facility in Lakefield, Ontario.
Defense Metals Announces Commencement of the Spring 2026 Drill Program at Wicheeda Rare Earths Project
Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D), a company focused on the development of its wholly-owned Wicheeda Rare Earth Project (the "Wicheeda Project"), located near Prince George, British Columbia, Canada, is pleased to announce that mobilization of field crews was completed on May 1, 2026 and its spring 2026 core drill program has started.
Defense Metals Announces Inclusion in New Sprott Rare Earths Ex-China ETF
Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D), a company focused on the development of the Wicheeda Rare Earth Project ("Wicheeda Project"), located near Prince George, British Columbia, Canada, is pleased to announce that it has been included in the newly launched Sprott Rare Earth Ex-China ETF ("ETF" or "REXC"), the only ETF providing focused exposure to rare earths companies outside of China.
Defense Metals Receives Conditional Approval for up to C$1.88 Million in Funding for Wicheeda Rare Earth Elements Clean Energy and Transportation Infrastructure Project
Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D), a company focused on the development of the Wicheeda Rare Earth Project ("Wicheeda Project"), located near Prince George, British Columbia, Canada, is pleased to announce that it has been conditionally approved for up to C$1,878,250 in the second call for proposals under the Critical Minerals Infrastructure Fund ("CMIF"), which is now transitioning to the First and Last Mile Fund ("FLMF"), to advance
Defense Metals Provides Update on Wicheeda Project Development
Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D), a company focused on the development of the Wicheeda Rare Earth Project ("Wicheeda Project"), located near Prince George, British Columbia, Canada, is pleased to provide an update on certain key developments at its 100%-owned Wicheeda Project, including progress toward pilot-scale processing, ongoing technical studies, permitting initiatives, and strengthening rare earth market fundamentals.
Defense Metals Provides Update on Wicheeda Project Development
Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D), a company focused on the development of the Wicheeda Rare Earth Project ("Wicheeda Project"), located near Prince George, British Columbia, Canada, is pleased to provide an update on certain key developments at its 100%-owned Wicheeda Project, including progress toward pilot-scale processing, ongoing technical studies, permitting initiatives, and strengthening rare earth market fundamentals.
Quick Facts
- Ticker Symbol
- DEFN.V
- Market Cap
- Small Cap
- Category
- Rare Earths
- Commodities
- Rare Earths
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.