Renewable Power Shares- Perception Into International Inexperienced Investing: Uncommon Earth Breaking Information

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February 13, 2024

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Uncommon Earth Breaking Information – Protection Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Updates Metallurgical Check Work and Preliminary Feasibility Examine Progress for its Wicheeda Uncommon Earth Components Venture; @defensemetals

VANCOUVER, BC – February 13, 2024 (Investorideas.com Newswire) Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is happy to offer an replace on the metallurgical work applications, undertaken by SGS Canada Inc. (SGS) and the continuing Preliminary Feasibility Examine (PFS) work by SRK Consulting (Canada) Inc. (SRK) and Hatch Restricted (Hatch), for its wholly-owned Wicheeda Uncommon Earth Component Venture positioned in British Columbia, Canada.

Learn this in full at https://www.investorideas.com/information/2024/02131DEFN-Wicheeda-Uncommon-Earth-Components-Venture.asp

Highlights of Metallurgical Check Work and PFS-related Issues

The metallurgical check work required for the PFS has been accomplished. A number of bench-scale flotation and flotation pilot plant check work resulted within the manufacturing of a high-grade mineral focus containing 50% Whole Uncommon Earth Oxide (TREO) with an 80% restoration price, which will probably be included within the PFS for the primary 8 years of mine-life.
Bench-scale and hydrometallurgical pilot plant check work reveals that the deliberate acid bake course of will ship roughly 90% TREO extraction from the mineral focus to a Combined Uncommon Earth Carbonate product.
The PFS plant flowsheets are accomplished, primarily based on the metallurgical check work, and gear specs have been issued to distributors for price quotations.
The sphere-based geotechnical, geochemical and environmental check work required for the PFS has been accomplished and lab-based research are in progress.
Different PFS duties, together with open pit mine design and tailings storage trade-off research, are properly superior.
Financial analysis and cashflow modelling are in progress.
PFS report completion within the second quarter of 2024 is on schedule.
Eleven blended uncommon earth precipitate samples from the hydrometallurgical check work have been despatched to potential companions, processors or end-users.
Over the previous 5 years, Protection Metals drilled 58 core holes totalling 12,073 metres (m; ~39,610 ft) to outline the Wicheeda Uncommon Earth Component (REE) deposit and supply samples for metallurgical check work. This work resulted in measured and indicated (M+I) sources of 34.2 million tonnes, averaging 2.02% TREO¹, inclusive of 17.8 million tonnes of high-grade dolomite carbonatite averaging 2.92% TREO, along with inferred sources of 11.1 million tonnes, averaging 1.02% TREO. This represents a 260% improve over the Protection Metals preliminary 2019 mineral useful resource estimate, and a conversion to M+I of 101% of the prior 2021 mineral useful resource estimate.
Whole expenditures on the Wicheeda REE Venture since 2019, together with prices for mineral useful resource estimate definition, all metallurgical check work, earlier research and the remaining PFS-related prices are in extra of CAD $17.5 million.
Protection Metals has entered right into a strategic Co-Design Settlement with the McLeod Lake Indian Band (MLIB), the First Nations neighborhood having the normal territory on which the Wicheeda Venture sits.

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¹ TREO % is the sum of CeO₂, La₂O₃, Nd₂O₃, Pr₆O₁₁, Sm₂O₃, Eu₂O₃, Gd₂O₃, Tb₄O₇, Dy₂O₃ and Ho₂O₃ percentages.

Craig Taylor, CEO of Protection Metals, acknowledged:

“Persevering with constructive outcomes from our technical research recommend that our wholly-owned Wicheeda REE Venture has the potential to change into the subsequent producer of uncommon earth components in North America accounting for a major quantity of the uncommon earths wanted for the western world’s future magnet metallic manufacturing. We stay up for finishing and submitting the PFS for the Wicheeda REE Venture in Q2-2024 and, topic to financing, shifting straight into our feasibility research.”

Metallurgical Check Work

In depth comminution, beneficiation, hydrometallurgical, and environmental assessments have been accomplished and the ensuing information have been utilized within the PFS. These assessments have studied growth and optimization of milling and hydrometallurgical processes and the response of twenty-one variability samples representing totally different REE grades, lithologies and places inside the deposit.
From 2018 up to now, about CAD$5 million has been spent on metallurgical check work and the event of the metallurgical flowsheets for the Wicheeda REE Venture.
Thirty-one samples of deposit materials, flotation and hydrometallurgical merchandise have been subjected to detailed mineralogical examination.
Twenty-one samples have been subjected to Bond milling index and SMC comminution assessments.
210 open circuit flotation assessments and 7 locked cycle flotation assessments, of samples starting from 1 to 12 kilograms (kg), and a 26-tonne pilot flotation operation have been accomplished.
Sixty-three static acid bake assessments, sixteen short-duration acid bake kiln runs with related water leach assessments have been accomplished. Moreover, SGS accomplished a complete of 15 days of steady kiln operation (in a single 5-day and one 10-day phase) as a part of a totally built-in hydrometallurgical pilot plant operation that processed 560 kg of flotation focus.
Roughly 40 bench-scale impurity elimination assessments have been accomplished in addition to about 40 uncommon earth precipitation assessments and outcomes integrated within the built-in hydrometallurgical pilot plant operation and the challenge course of design standards.
Many different small-scale assessments examined water recycle choices and different points of the metallurgical flowsheets.
The liquid-solid separation traits of the flotation plant merchandise and people of the hydrometallurgical plant have been decided by applicable thickening and filtration assessments.

Technical Report for the Wicheeda Uncommon Earth Component Venture, British Columbia, Canada, dated October 27, 2023, with an efficient date of August 28, 2023, and ready by APEX Geoscience Ltd. is filed below Protection Metals Corp.’s Issuer Profile on SEDAR+ (www.sedarplus.com) and on the Firm’s web site at www.defensemetals.com.

PFS Plant Design

Outcomes from the metallurgical check work have been used to develop flowsheets for the deliberate comminution, beneficiation and hydrometallurgical crops. These flowsheets have been accomplished, reviewed and used to generate main gear specs for grinding mills, kilns, and many others., which have been issued to gear suppliers for quotes.

The metallurgical course of design, engineering and costing is on observe to permit completion of the PFS in Q2 of 2024.

Optimization of Open Pit Mining

Geotechnical investigation work for the mine design and pit optimization was carried out by SRK and accomplished in December 2023. This work included sixteen geotechnical drill holes totaling 225.5 m, and twenty excavated overburden geotechnical check pits. Inside the Wicheeda REE deposit pit shell, six diamond drill holes totaling 1,182 m have been accomplished, inclusive of 4 open pit geotechnical drill holes totaling 920 m, and in-pit exploration holes totaling 262 m.

Pit design work is underway, incorporating the most recent geotechnical data supplied from the 2023 geotechnical drilling program.

Neighborhood Engagement

Protection Metals entered right into a Co-Design Settlement with the McLeod Lake Indian Band (MLIB) (see information launch dated January 17, 2024), thus solidifying a joint dedication to the profitable development of the Wicheeda REE Venture. The Co-Design Settlement emphasizes a joint planning method, empowering MLIB to play an integral half within the design and decision-making course of within the technical, social, engineering and environmental points of the Wicheeda REE Venture. This settlement expands upon the Mineral Exploration Settlement Memorandum of Understanding beforehand entered into with MLIB.

The McLeod Lake Indian Band bought an fairness stake in Protection Metals, signalling their long-term dedication to the success of the Wicheeda REE Venture.

Infrastructure and Tailings Administration Research

Tradeoff research are being carried out on the varied choices being thought of for tailings administration and infrastructure places are being decided.

The Wicheeda REE Venture has glorious infrastructure and logistics, that are anticipated to permit for decrease working and capital prices, together with:

The long run mine web site and beneficiation plant will probably be positioned:

alongside a permitted Forest Service Street roughly 38 km east from the paved John Hart Provincial Freeway on the neighborhood of Bear Lake.
~37 km from the Canadian Nationwide Railway mainline.
~36 km from the principle pure fuel distribution pipeline..
~34 km from high-voltage powerlines that offer BC with plentiful inexperienced hydroelectric energy.
~ 110 km from a global airport in Prince George

British Columbia has a protracted historical past of mining and its trade members are acknowledged worldwide as knowledgeable in open pit mining and mineral processing.
Prince George is a serious industrial heart supplying each the mining and wooden merchandise industries. Many of the gear that will probably be required for the mining operation will probably be provided by firms already established within the space.
A number of choices exist for location of the hydrometallurgical plant web site near reagent provide.
Easy accessibility to the year-round port of Prince Rupert, the closest North American port to Asian markets.

Environmental Check Work and Subject Research

Environmental and geochemical check work has been carried out on each flotation and hydrometallurgical plant merchandise and mixtures thereof. Knowledge have been utilized by SRK within the design of amenities.

Floor water sampling and area investigations commenced in 2022 and can proceed by 2024. The outcomes of those and future environmental investigations will probably be used to tell siting, design, and mitigation planning in addition to to organize technical information reviews to help Environmental Evaluation and allowing processes.

Certified Individuals

The scientific and technical data regarding metallurgy and processing contained on this information launch because it pertains to the Wicheeda REE Venture has been reviewed and authorized by J.R. Goode, P.Eng., a metallurgical marketing consultant to the Firm and a “Certified Particular person” as outlined in NI 43-101. This information launch has additionally been reviewed and authorized by Kristopher J. Raffle, P.Geo. (B.C.), a technical marketing consultant to the Firm, a Principal and Advisor of APEX Geoscience Ltd. of Edmonton, Alberta, and a “Certified Particular person” as outlined in NI 43-101.

About Protection Metals Corp. and its Wicheeda Uncommon Earth Component Venture

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

The Wicheeda REE Venture, roughly 80 kilometres (~50 miles) northeast of the town of Prince George, is instantly 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 permit 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 Alternate below the image “DEFN”, in the US, buying and selling image “DFMTF” on the OTCQB and in Germany on the Frankfurt Alternate below “35D”

Protection Metals is a proud member of Discovery Group. For extra data please go to:
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 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.

Cautionary Assertion Concerning “Ahead-Trying” Data or Statements

This information launch comprises “forward-looking data or statements” inside the which means of relevant securities legal guidelines, which can embrace, with out limitation, statements referring to completion of the PFS and the anticipated timelines, the completion of further work and research and the anticipated timelines, advancing the Wicheeda REE Venture, finishing the PFS and progressing in the direction of a feasibility research, the technical, monetary and enterprise prospects of the Firm, its challenge and different issues. All statements on this information launch, apart from statements of historic information, 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 cheap assumptions, such statements usually are not ensures of future efficiency and precise outcomes might 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 atmosphere by which the Firm will function sooner or later, together with the value of uncommon earth components, the anticipated prices and expenditures, the flexibility to attain its targets, that normal enterprise and financial circumstances is not going to change in a fabric opposed method, that financing will probably be accessible if and when wanted and on cheap 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 and metallurgical outcomes, dangers associated to the inherent uncertainty of exploration and growth and value estimates, the potential for surprising prices and bills and people different dangers filed below the Firm’s profile on SEDAR+ (www.sedarplus.com). Whereas such estimates and assumptions are thought of cheap by the administration of the Firm, they’re inherently topic to important enterprise, financial, aggressive and regulatory uncertainties and dangers. Elements that might trigger precise outcomes to vary materially from these in ahead trying statements embrace, however usually are not restricted to, continued availability of capital and financing and normal financial, market or enterprise circumstances, opposed climate and local weather circumstances, failure to keep up or receive all obligatory authorities permits, approvals and authorizations, failure to keep up or receive 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, 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, engineering and pricing assumptions, lower within the value of uncommon earth components, the impression of Covid-19 or different viruses and ailments on the Firm’s means to function, restriction on labour and worldwide journey and provide chains, lack of key workers, 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 forward-looking statements or forward-looking data, 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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