$DFMTF) Receives Constructive Outcomes from Ucore Uncommon Metals Inc. on its Wicheeda Uncommon Earth Carbonate Pattern; @defensemetals @ucore

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April 29, 2024

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Breaking Uncommon Earth Information: Protection Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Receives Constructive Outcomes from Ucore Uncommon Metals Inc. on its Wicheeda Uncommon Earth Carbonate Pattern; @defensemetals @ucore

VANCOUVER, BC, April 29, 2024 (Investorideas.com Newswire) Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFN / OTCQB:DFMTF/ FSE: 35D) is happy to announce that Ucore Uncommon Metals Inc. (“Ucore”)(TSXV: UCU) acquired and examined a Wicheeda combined uncommon earth carbonate (“MREC”) pattern at its Kingston, Ontario, RapidSX™ Commercialization and Demonstration Facility (“CDF”). Ucore confirmed that this testing of the MREC materials supplies willpower of its suitability as an MREC product for commercial-scale processing with Ucore’s RapidSX™ expertise at Ucore’s at present underneath improvement Louisiana Strategic Metals Complicated (“SMC”) undertaking in Alexandria, Louisiana, and subsequent deliberate SMCs, together with a Canadian facility (see Ucore’s information launch dated April 29, 2024).

Learn this information, that includes DEFN in full at https://www.investorideas.com/information/2024/04291DEFN-Ucore-Uncommon-Metals-Wicheeda.asp

SGS Canada Inc. in Lakefield, Ontario, shipped the pattern to Ucore’s CDF on behalf of Protection Metals. This pattern was generated throughout Protection Metals’ 2023 hydrometallurgical piloting take a look at work carried out on focus produced by earlier flotation pilot plant testing of a 26-tonne bulk pattern from Protection Steel’s wholly-owned Wicheeda Property in British Columbia.

Mike Schrider, P.E., Vice President and Chief Working Officer of Ucore, acknowledged:

“Our testing of the MREC product was well-received affirmation that the Protection Metals’ Wicheeda undertaking is a supply of fabric that may turn out to be a basic financial and technical element to Ucore’s plan of creating a number of SMC’s throughout North America – every with the flexibility to course of a large number of sunshine and heavy combined uncommon earth carbonates and oxides from an enormous assortment of unique mineralizations. The high-purity, and really particularly – the appropriate spectrum of minor impurities, MREC we acquired units the stage for the businesses’ continued collaboration throughout our upcoming NRCan program and particular incorporation into our Louisiana SMC engineering flowsheets.”

Craig Taylor, CEO of Protection Metals, commented:

“We’re happy that Ucore has concluded that our Wicheeda MREC materials is properly suited to their RapidSX™ expertise and commercial-scale REE separation and oxide manufacturing plans. Our Wicheeda undertaking is significant in mitigating North American reliance on non-Western uncommon earth sources, and we stay up for continued progress towards collaborative alternatives with processing companions and strategic companions, akin to Ucore, throughout the creating North American uncommon earth provide chain.”

About Protection Metals Corp. and its Wicheeda Uncommon Earth Factor Mission

Protection Metals Corp. is concentrated on the event of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Mission that’s positioned on the normal territory of the McLeod Lake Indian Band in British Columbia, Canada.

The Wicheeda REE Mission, roughly 80 kilometres (~50 miles) northeast of the town of Prince George, is quickly accessible by a paved freeway and all-weather gravel roads and is near infrastructure, together with hydro energy transmission traces and fuel pipelines. The close by Canadian Nationwide Railway and main highways enable quick access to the port amenities 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: www.discoverygroup.ca .

For additional info, please go to www.defensemetals.com or contact:

Alex Heath

Vice President, Company Growth

Tel: 1 604-354-2491

E-mail: alex@defensemetals.com

Neither the TSX Enterprise Change nor its Regulation Companies 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 accommodates “ahead–trying info or statements” inside the which means of relevant securities legal guidelines, which can embody, with out limitation, statements referring to advancing the Wicheeda REE Mission, the expectations and plans for the Wicheeda REE Mission, continued progress towards collaborative alternatives with processing companions and strategic companions, the technical, monetary and enterprise prospects of the Firm, its undertaking and different issues. All statements on this information launch, aside from statements of historic information, that tackle 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 based mostly on affordable 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 wherein the Firm will function sooner or later, together with the value of uncommon earth parts, the anticipated prices and expenditures, the flexibility to attain its objectives, that normal enterprise and financial circumstances is not going to change in a fabric antagonistic method, that financing might be obtainable if and when wanted and on affordable 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 underneath the Firm’s profile on SEDAR+ (www.sedarplus.ca). Whereas such estimates and assumptions are thought of affordable by the administration of the Firm, they’re inherently topic to vital 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 aren’t restricted to, continued availability of capital and financing and normal financial, market or enterprise circumstances, antagonistic climate and local weather circumstances, failure to take care of or get hold of all vital authorities permits, approvals and authorizations, failure to take care of or get hold of 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, value 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, engineering and pricing assumptions, lower within the value of uncommon earth parts, the influence of viruses and illnesses on the Firm’s means to function, restriction on labour and worldwide journey and provide chains, lack of key staff, consultants, officers 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 info, besides as required by regulation.

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

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