10:26 AM EST - Defense Metals Corp. : Announced that it has commissioned SGS Canada Inc. to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company's highly successful 26 tonne flotation pilot-plant that yielded a mineral concentrate averaging 7.4% NdPr oxide. "The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, we intend to complete the preliminary economic assessment (PEA) by the end of the Q1 2021." said Defense Metals CEO, Craig Taylor. Defense Metals Corp.
shares V.DEFN are trading up 4.76 percent at $0.22.
