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Defense Metals Signs MoU with Strategic Partner

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Defense Metals Signs MoU with Strategic Partner

Defense Metals Corp. (TSX-V: DEFN)(OTCQB: DFMTF)(FSE: 35D) is pleased to announce the signing of a non-binding memorandum of understanding dated April 25, 2025 with a major potential strategic partner for entering into a supply agreement representing a significant portion of its planned output.

Mark Tory, President and CEO commented:

The interest shown by our potential strategic partner reflects growing industry confidence that Wicheeda could indeed become a strategically important source of rare earth elements based on the convincing results of our detailed pre-feasibility study published earlier this month. We still have a lot of work to do to turn our project into reality, but this MOU is certainly a major step in the right direction.”

About Defense Metals Corp. and its Wicheeda REE Deposit

Defense Metals Corp. is focused on the development of its 100% owned, 11,800-hectare (~29,158- acre) Wicheeda Rare Earth Element (REE) property that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

The Wicheeda Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia. The Company recently completed a Preliminary Feasibility Study that demonstrated the robust economics of the project.

Posted April 30, 2025

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