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Defense Metals (DFMTF)(DEFN:CA) – Preparing to Take A Leading Role in the North American and Global REE Supply Chain

Natural Resources
0 min read

Wednesday, March 16, 2022

Defense Metals (DFMTF)(DEFN:CA)
Preparing to Take A Leading Role in the North American and Global REE Supply Chain

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.

    Initiating coverage with an Outperform rating. We are initiating coverage of Defense Metals Corp. with an Outperform rating and a price target of US$0.70 or C$0.90 per share. The company is advancing its 100%-owned Wicheeda rare-earth project located near Prince George, British Columbia. The project has several competitive advantages, including a mining friendly location, well-developed infrastructure, and a strong technical team.

    Well positioned to meet growing demand for REEs.  In January 2022, Defense Metals released a preliminary economic assessment NI 43-101 technical report which highlighted 5.0 million tonnes of indicated resources averaging 2.95% total rare earth oxides (TREO) and 29.5 million tonnes of inferred resources averaging 1.83% TREO within a conceptual pit shell. The study affirmed the economic value of …


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. 

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