REE Media Alert – Protection Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Featured in Reuters article ‘Western start-ups search to interrupt China’s grip on uncommon earths refining’ @defensemetals
December 18 2023: (Investorideas.com Newswire, Mining / Metals / Inexperienced Vitality Inventory information) Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) was not too long ago featured in an article in Reuters ‘ Western start-ups search to interrupt China’s grip on uncommon earths refining’.
Learn this media alert that includes DEFN in full at https://www.investorideas.com/information/2023/mining/12181DEFN-Western-Begin-Ups.asp
Learn the total article on Reuters:
Learn the article on Taipei Instances
https://www.taipeitimes.com/Information/biz/archives/2023/12/10/2003810391
Ernest Scheyder, Thomson Reuters
Excerpt
Uncommon earths are a bunch of 17 metals used to make magnets that flip energy into movement for electrical automobiles, cell telephones and different electronics. Whereas U.S. scientists helped develop solvent extraction for uncommon earths within the Fifties, radioactive waste from the method step by step made it unpopular in the US.
China started to quickly increase within the trade beginning throughout the Eighties and now controls 87% of worldwide uncommon earths refining capability, in response to the Worldwide Vitality Company. That prowess has helped propel the nation’s financial system to the second-largest on the earth.
Uncommon earths miners more and more say they’re content material to concentrate on digging up rock – moderately than compounding their operations with the added step of processing.
Rising Western rivals now supply the tantalizing prospect of processing the minerals in sooner, cleaner and cheaper methods, if they’ll efficiently launch.
“Mining corporations ought to concentrate on discovering new deposits,” mentioned Luisa Moreno, president of Protection Metals (DEFN.V), which goals to open a uncommon earths mine in British Columbia inside 4 years and is involved in licensing Ucore’s expertise. “You most likely ought to let refining be dealt with by others specializing in that.”
On a former U.S. Air Drive base in Louisiana, Ucore Uncommon Metals (UCU.V) goals to course of uncommon earths by mid-2025 utilizing a expertise generally known as RapidSX that it says is a minimum of thrice sooner than solvent extraction, produces no hazardous chemical waste and requires solely a 3rd of the bodily area.
“Our purpose is to re-establish a North American uncommon earths provide chain,” Michael Schrider, Ucore’s chief working officer, mentioned throughout a go to to the location.
Shaped in 2006, Ucore initially deliberate to mine a uncommon earths deposit in Alaska. However the firm modified tack in 2022 to concentrate on refining, not mining, a pivot born from what two executives mentioned they noticed as a flaw within the West’s technique to weaken China’s minerals dominance by making an attempt to grasp each steps concurrently.
Ucore, which has been testing its course of with Pentagon funding, is in talks now with 17 mining corporations to purchase evenly processed provides of uncommon earths generally known as focus, ship them to the Port of New Orleans, then truck them to a 80,800-square foot warehouse that will probably be outfitted with the RapidSX expertise starting in January.
About Protection Metals Corp.
Protection Metals Corp. is a mineral exploration and growth firm targeted on the event of its 100% owned Wicheeda Uncommon Earth Component venture situated close to Prince George, British Columbia, Canada. Protection Metals Corp. trades in Canada underneath the image “DEFN” on the TSX Enterprise Change, in the US, underneath “DFMTF” on the OTCQB, and in Germany on the Frankfurt Change underneath “35D”.
Protection Metals is a proud member of Discovery Group. For extra data please go to:
For additional data, please go to www.defensemetals.com or contact:
Todd Hanas, Bluesky Company Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Electronic mail: todd@blueskycorp.ca
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information launch.
Cautionary Assertion Concerning “Ahead-Trying” Data
This information launch incorporates “ahead–trying data or statements” throughout the which means of relevant securities legal guidelines, which can embody, with out limitation, statements regarding completion of the PFS and the anticipated timelines, advancing the Wicheeda REE Venture, the technical, monetary and enterprise prospects of the Firm, its venture and different issues. All statements on this information launch, aside from statements of historic info, that deal with occasions or developments that the Firm expects to happen, are forward-looking statements. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on affordable assumptions, such statements are usually not ensures of future efficiency and precise outcomes could differ materially from these within the forward-looking statements. Such statements and knowledge are primarily based on quite a few assumptions concerning current and future enterprise methods and the setting by which the Firm will function sooner or later, together with the worth of uncommon earth parts, the anticipated prices and expenditures, the power to realize its objectives, that common enterprise and financial circumstances won’t change in a cloth antagonistic method, that financing will probably be obtainable if and when wanted and on affordable phrases. Such forward-looking data displays the Firm’s views with respect to future occasions and is topic to dangers, uncertainties and assumptions, together with the dangers and uncertainties regarding the interpretation of exploration and metallurgical outcomes, dangers associated to the inherent uncertainty of exploration and growth and price estimates, the potential for surprising prices and bills and people different dangers filed underneath the Firm’s profile on SEDAR at www.sedarplus.ca. Whereas such estimates and assumptions are thought of affordable by the administration of the Firm, they’re inherently topic to important enterprise, financial, aggressive and regulatory uncertainties and dangers. Components that would trigger precise outcomes to vary materially from these in ahead trying statements embody, however are usually not restricted to, continued availability of capital and financing and common financial, market or enterprise circumstances, antagonistic climate and local weather circumstances, failure to keep up or acquire all vital authorities permits, approvals and authorizations, failure to keep up group acceptance (together with First Nations), dangers regarding unanticipated operational difficulties (together with failure of apparatus or processes to function in accordance with specs or expectations, price escalation, unavailability of personnel, supplies and gear, authorities motion or delays within the receipt of presidency approvals, industrial disturbances or different job motion, and unanticipated occasions associated to well being, security and environmental issues), dangers regarding inaccurate geological, metallurgical and engineering assumptions, lower within the value of uncommon earth parts, the affect of Covid-19 or different viruses and illnesses on the Firm’s capability to function, an lack of ability to foretell and counteract the results of COVID-19 on the enterprise of the Firm, together with however not restricted to, the results of COVID-19 on the worth of commodities, capital market circumstances, restriction on labour and worldwide journey and provide chains, lack of key workers, consultants, or administrators, improve in prices, delayed outcomes, litigation, and failure of counterparties to carry out their contractual obligations. The Firm doesn’t undertake to replace ahead–trying statements or ahead–trying data, besides as required by regulation.
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