10:18 AM EST - Defense Metals Corp. : Announced that it has engaged Welsbach Holdings Pte Ltd. to assist in building awareness for its Wicheeda Rare Earth Element (REE) Property, providing physical product market research, introductions to supply chain partners, and assistance in commercial negotiations. The road accessible Wicheeda REE Property is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO. Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE material yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) critical magnet metals. Defense Metals Corp.
shares V.DEFN are trading up 7.87 percent at $0.48.
