Renewable Vitality Shares- Perception Into World Inexperienced Investing: Uncommon Earth Breaking Information

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February 1, 2024

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Uncommon Earth Breaking Information – Protection Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Proclaims Closing of its $738,836 Non-Brokered Non-public Placement; @defensemetals

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VANCOUVER, BC – February 1, 2024 (Investorideas.com Newswire) Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is happy to announce that, additional to its information releases on January 17, 2024, it has closed its non-brokered personal placement financing of two,841,678 frequent shares of the Firm (“Widespread Shares”) at a value of C$0.26 per share, for combination gross proceeds of C$738,836.28 (the “Non-public Placement”).

Learn this information, that includes DEFN in full at https://www.investorideas.com/information/2024/02011DEFN-Non-Brokered-Non-public-Placement.asp

McLeod Lake Indian Band (“McLeod Lake”) and RCF Alternatives Fund II L.P., following train of its participation proper, subscribed for two,557,795 Widespread Shares and 283,883 Widespread Shares, respectively, beneath the Non-public Placement. The Widespread Shares issued to McLeod Lake are topic to a two-year voluntary maintain interval from the date of issuance.

All Widespread Shares issued beneath the Non-public Placement are topic to a statutory maintain interval of 4 months and at some point in accordance with relevant Canadian securities legal guidelines. The Non-public Placement stays topic to all vital regulatory approvals together with ultimate acceptance from the TSX Enterprise Trade (the “TSXV”).

The Firm intends to make use of the online proceeds of the Non-public Placement in direction of advancing the continued undertaking growth of Protection Metals’ 100% owned Wicheeda Uncommon Earth Ingredient Mission (the “Wicheeda Mission”) situated 80 kilometers northeast of Prince George, British Columbia.

The Widespread Shares of the Firm haven’t been, and won’t be, registered beneath the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities legal guidelines and might not be provided or offered in america absent registration or an accessible exemption from the registration necessities of the U.S. Securities Act and relevant U.S. state securities legal guidelines. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there by any sale of the securities referenced on this press launch, in any jurisdiction through which such provide, solicitation or sale could be illegal.

About Protection Metals Corp. and its Wicheeda Uncommon Earth Ingredient MissionProtection Metals Corp. is a mineral exploration and growth firm centered on the event of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda Mission that’s situated on the normal territory of the McLeod Lake Indian Band in British Columbia, Canada.

The Wicheeda Mission, roughly 80 kilometres (~50 miles) northeast of the town of Prince George, is instantly accessible by all-weather gravel roads and has close by infrastructure, together with hydro energy transmission strains and gasoline pipelines. The close by Canadian Nationwide Railway and main highways enable easy accessibility to the port amenities at Prince Rupert, the closest main North American port to Asia.

Protection Metals Corp. trades on the TSX Enterprise Trade beneath the image “DEFN”, in america, buying and selling image “DFMTF” on the OTCQB and in Germany on the Frankfurt Trade beneath “35D”.

Protection Metals is a proud member of Discovery Group. For extra data please go to: http://www.discoverygroup.ca/

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 Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.

Cautionary Assertion Relating to “Ahead-Wanting” Info

This information launch incorporates “forwardâ€wanting data or statements” inside the that means of relevant securities legal guidelines, which can embrace, with out limitation, any statements (expressed or implied) referring to: advancing the Wicheeda Mission, using web proceeds from the Non-public Placement, ultimate TSXV approval of the Non-public Placement, the technical, monetary and enterprise prospects of the Firm, its undertaking and different issues. Ahead-looking statements are sometimes recognized by phrases reminiscent of “plan,” “consider,” “anticipate,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “undertaking,” “proceed,” “might,” “could,” “would possibly,” “doable,” “potential,” “predict,” “ought to,” “would” and different comparable phrases and expressions, however the absence of those phrases doesn’t imply {that a} assertion isn’t forward-looking. All statements on this information launch, apart from statements of historic information, that deal with occasions, contribution 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 based mostly on affordable assumptions, such forward-looking statements usually are not ensures of future efficiency and precise outcomes could differ materially because of the dangers and uncertainties related to and inherent to the Firm’s enterprise and the Wicheeda Mission. Such statements and knowledge are based mostly on quite a few assumptions relating to current and future enterprise methods and the surroundings through which the Firm will function sooner or later, together with the value of uncommon earth components, the anticipated prices and expenditures, accuracy of assay outcomes, efficiency of obtainable laboratory and different associated providers, future working prices, interpretation of geological, engineering and metallurgical information, the flexibility to attain its objectives, that basic enterprise and financial circumstances is not going to change in a cloth hostile method, that financing shall be accessible 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 referring to the interpretation of exploration, engineering and metallurgical outcomes, dangers associated to the inherent uncertainty of exploration, metallurgy and growth and price estimates, the potential for sudden prices and bills and people different dangers filed beneath 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 within the forward-looking statements embrace, however usually are not restricted to, continued availability of capital and financing and basic financial, market or enterprise circumstances, hostile climate and local weather circumstances, failure to keep up or get hold of all vital authorities permits, approvals and authorizations, failure to keep up group acceptance (together with First Nations), dangers referring to unanticipated operational difficulties (together with failure of kit 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 referring to inaccurate geological, metallurgical and engineering assumptions, lower within the value of uncommon earth components, the affect of Covid-19 or different viruses and ailments on the Firm’s capacity to function, the value 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 forward-looking statements contained on this press launch are made as on the date hereof and the Firm doesn’t undertake to replace publicly or to revise any of the included forward-looking statements or forward-looking data, whether or not because of new data, future occasions, or in any other case, besides as could also be required by relevant securities legal guidelines.

SOURCE Protection Metals Corp.

Protection Metals Corp. (TSX-V:DEFN /OTCQB:DFMTF) is a featured mining inventory on Investorideas.com

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