Movers and SHAKERS
Defense Metals (DFMTF)(DEFN:CA)
Line of Sight on an Expanded and Upgraded Resource
Noble Capital Markets research on Defense Metals Corp. is published under ticker symbols DFMTF and DEFN:CA. The price target for DFMTF is in USD and the price target for DEFN:CA is in CAD. 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 market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Fall 2021 drilling program. Defense Metals released results for the final five diamond drill holes, representing 1,079 meters of drilling, associated with the company’s 29-hole, 5,349-meter diamond drill program completed during the Fall of 2021. All 29-holes yielded positive results. Drill holes WI21-57 through WI21-61 were collared from two sites within the eastern area of the Wicheeda Rare Earth Element deposit. A complete listing of drill results may be found in the company’s press release.
Results speak for themselves. Resource definition drill holes WI21-58 and WI21-59 yielded two of the three highest grade and width intercepts of the 2021 drill campaign. WI21-58 averaged 3.09% total rare earth oxide (TREO) over 251 meters, including 3.92% TREO over 80 meters. WI21-59 returned 2.76% TREO over 212 meters, including 3.25% TREO over 90 meters from surface. Infill drill hole WI21-60 ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.