Uncommon Earth Breaking Information – Protection Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) and The Saskatchewan Analysis Council Enter right into a MOU to Improve the Home Uncommon Earth Ingredient Provide Chain;Â @defensemetals
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VANCOUVER, BC – September 27, 2024 (Investorideas.com Newswire) Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFNÂ /Â OTCQB:DFMTF/ FSE: 35D)Â is happy to announce the signing of a Memorandum of Understanding (“MOU”) with The Saskatchewan Analysis Council (“SRC”) that can profit each events by selling a collaborative and strategic strategy to assist strengthen the uncommon earth component (“REE”) provide chain inside Canada.
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This information is paid commercial/ information disseminated on behalf of/issued on behalf of Protection Metals Corp.
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Learn this information, that includes DEFN in full at https://www.investorideas.com/information/2024/09271DEFN-Saskatchewan-Analysis-Council-Home-REE-Provide-Chain.asp
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Man de Selliers, Government Chairman of Protection Metals, commented:
“We’re excited to collaborate with The Saskatchewan Analysis Council, a acknowledged chief in uncommon earth processing and know-how improvement. This MOU represents a big step ahead in our purpose of turning into a part of a safe and sustainable provide chain for uncommon earth parts in North America. By working along with SRC, we consider we will make substantial progress towards closing the uncommon earth provide chain loop and making certain the provision of those crucial supplies for inexperienced vitality and defence purposes which might be important for nationwide safety.”
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The MOU outlines a framework for Protection Metals and SRC to leverage their respective capabilities and pursuits within the provide and processing of uncommon earth supplies which might be particularly crucial to the manufacturing of uncommon earth magnets. The proposed aims of this collaboration embody:
- Exploring potential collaborations utilizing every Participant’s respective capabilities and pursuits within the course of and provide of uncommon earth merchandise used within the uncommon earths magnet worth chain;
- Enabling discussions in reference to the separation of the Protection Steel’s combined uncommon earth carbonates into separated uncommon earth oxides using SRC’s separation know-how design, set up, and operational experience; and
- Facilitating negotiations of a long-term settlement with SRC for the sale and buy of Protection Steel’s combined uncommon earth carbonate.
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This collaboration aligns with the broader Canadian Vital Minerals Technique, which is concentrated on growing a home business, lowering reliance on international sources of crucial minerals and bolstering nationwide safety. Moreover, it helps broader North American targets for financial competitiveness and technological innovation in clear vitality and defence applied sciences.
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About The Saskatchewan Analysis Council
SRC is Canada’s second-largest analysis and know-how group, offering providers and merchandise to its 1,400 shoppers in 22 nations around the globe for greater than 77 years
Since 2020, SRC’s Uncommon Earth Processing Facility in Saskatoon has obtained $71 million in funding from the Authorities of Saskatchewan, in addition to $30 million in mixed funding from the Authorities of Canada. This funding has been instrumental in serving to SRC assemble a vertically and laterally built-in “minerals to metals” facility geared up with state-of-the-art, proprietary know-how developed by SRC. Improvement of the power continues forward of schedule, producing uncommon earth metals at a business scale in the summertime of 2024 – making Saskatchewan the primary and solely jurisdiction to take action in North America.
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About Protection Metals Corp. and its Wicheeda Uncommon Earth Ingredient Deposit
Protection Metals Corp. is concentrated on the event of its 100% owned Wicheeda REE deposit, for which a mineral useful resource estimate was reported in 2023 in a Technical Report ready in accordance with the Canadian Securities Directors’ Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), which is accessible for evaluation on the Firm’s profile on SEDAR+ at www.sedarplus.ca and the Firm’s web site at www.defensemetals.com.
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The 8,301-hectare (~20,534-acre) Wicheeda Challenge, positioned roughly 80 kilometres (~50 miles) northeast of the town of Prince George on the normal territory of the McLeod Lake Indian Band in British Columbia, Canada, is instantly accessible by a paved freeway and all-weather gravel roads. Close by, superior infrastructure contains hydro energy transmission traces, fuel pipelines, the Canadian Nationwide Railway and main highways that enable easy accessibility to the port services at Prince Rupert, the closest main North American port to Asia.
Protection Metals is a proud member of Discovery Group. For extra info please go to:Â www.discoverygroup.ca.
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For additional info, please go to www.defensemetals.com or contact:
Alex Heath
Senior Vice President, Company Improvement & Interim CFO
Tel: +1 604-354-2491
E mail:Â alex@defensemetals.com
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Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.
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Discover Concerning the Wicheeda REE Deposit Mineral Useful resource Estimate
The mineral useful resource estimate for the Wicheeda uncommon earth component (REE) deposit is disclosed in a Technical Report dated October 27, 2023, efficient August 28, 2023, entitled “Technical Report on the Wicheeda Property, British Columbia, Canada”, which was ready by APEX Geoscience Ltd. The outcomes of the 2023 MRE had been beforehand disclosed in abstract type within the Firm’s information launch dated September 12, 2023. The Technical Report was ready in accordance with the Canadian Securities Directors’ Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”) and is accessible for evaluation on the Firm’s profile on SEDAR+ at www.sedarplus.ca and the Firm’s web site at www.defensemetals.com. Readers are inspired to learn the Technical Report in its entirety, together with all {qualifications}, assumptions, and exclusions.
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Cautionary Assertion Concerning “Ahead-Trying” Data
This information launch incorporates “forward-looking info” or “forward-looking statements” inside the which means of relevant securities legal guidelines. All statements on this information launch, apart from statements of historic info, that tackle occasions or developments that the Firm expects to happen, are forward-looking. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements aren’t ensures of future efficiency and precise outcomes might differ materially from these within the forward-looking statements. 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 parts, the anticipated prices and expenditures, the power to attain its targets, that normal enterprise and financial situations won’t change in a fabric opposed method, that financing might be out there if and when wanted and on cheap phrases. Such forward-looking info 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 and metallurgical outcomes, dangers associated to the inherent uncertainty of exploration and improvement and price estimates, the potential for sudden prices and bills and people different dangers filed beneath the Firm’s profile on SEDAR+ (www.sedarplus.ca/). Whereas such estimates and assumptions are thought of cheap by the administration of the Firm, they’re inherently topic to vital enterprise, financial, aggressive and regulatory uncertainties and dangers. Components that might trigger precise outcomes to vary materially from these in ahead wanting statements embody, however aren’t restricted to, continued availability of capital and financing and normal financial, market or enterprise situations, opposed climate and local weather situations, failure to take care of or acquire all crucial authorities permits, approvals and authorizations, failure to take care of or acquire neighborhood acceptance (together with First Nations), dangers referring to unanticipated operational difficulties (together with failure of apparatus or processes to function in accordance with specs or expectations, value escalation, unavailability of personnel, supplies and tools, 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, engineering and pricing assumptions, lower within the value of uncommon earth parts, the impression of viruses and illnesses on the Firm’s capacity to function, restriction on labour and worldwide journey and provide chains, lack of key workers, consultants, officers or administrators, enhance in prices, delayed outcomes, litigation, and failure of counterparties to carry out their contractual obligations. The Firm doesn’t undertake to replace forward-looking statements or forward-looking info, besides as required by regulation.
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SOURCE Protection Metals Corp.
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Protection Metals Corp. (TSX-V:DEFN /OTCQB:DFMTF) is a featured mining inventory on Investorideas.com
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