– CANADA, Vancouver – Defense Metals Corp. (TSX: DEFN | OTC: DFMTF | FSE: 35D) today announced the appointment of Dale Wallster to its Board of Directors and the integration of the company in the Vancouver-based Discovery Group led by John Robins and Jim Paterson.
Craig Taylor, CEO of Defense Metals said: “We are pleased to welcome Dale Wallster to the Board. He brings a wealth of mineral exploration and capital markets experience to Defense Metals. We look forward to working with him as we continue advancing the Wicheeda Rare Earth Elements project. The Company is also pleased to have joined Discovery Group, an alliance of public companies focused on the advancement of mineral exploration and mining projects with a proven track record of generating shareholder value. We look forward to a close working relationship with the team at Discovery Group.”
About Dale Wallster
Dale Wallster is a prospector and geologist with over 40 years of experience in North American mineral deposit exploration. As President and founder of Roughrider Uranium Corp., which was acquired by Hathor Exploration Limited in 2006, Dale and his team are widely credited for the discovery of Hathor’s Roughrider deposit. In January of 2012 ,Rio Tinto plc acquired Hathor for CAD$650 million.
Mr. Wallster said: “In the recent explosion of strategic, geopolitical ,and investment interest in North American Critical Minerals, rare earth element companies represent the “Rodney Dangerfield” of the class; they are getting “no respect”. Given their importance in the electrification of the world I expect this to change soon and Defense Metals, with its Wicheeda Project pre-feasibility study expected in 2024, is leading the pack.”
About Discovery Group
Discovery Group is an alliance of public companies focused on the advancement of mineral exploration and mining projects with a proven track record of generating shareholder value through responsible, sustainable, and innovative development.
Founded in 2005 by John Robins and Jim Paterson, two respected entrepreneurs in the Canadian mining industry, Discovery Group has generated over $500M in direct and indirect expenditures resulting in over $2.6 billion in M&A activity, with the most recent success being the sale of Great Bear Resources Ltd. to Kinross Gold Corporation for $1.8 billion.
For more information: https://discoverygroup.ca/
About Defense Metals Corp.
Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration, and development of mineral deposits containing metals and elements commonly used in the electric power markets, defense industry, national security sector, and in the production of green energy technologies, such as rare earth magnets used in wind turbines and permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Light Rare Earth Element Deposit located near Prince George, British Columbia, Canada.
For more information: https://www.defensemetals.com/
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