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The Race Against China's "Rare Earth Weapon" May Quickly Catapult Canadian Player Defense Metals Corp. (OTC:DFMTF) to Wall Street Stardom!

October 7th

Good Evening,

Defense Metals Corp. (OTC:DFMTF) is meeting the critical rare earth element demand with one of the highest grade road accessible deposits in North America!

Defense Metals Corp.’s Wicheeda Rare Earth Elements Deposit hosts 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.

Defense Metals Receives Final Wicheeda REE Pilot Plant Report From SGS

(Released Sept. 23rd, 2020)

The Top 5 Reasons to Have DFMTF on Your Radar Right Now:

1. Rare earth elements (REEs) play a key role in a wide range of technologies from hardware, wind turbines, electric vehicles, and F-35 fighter jets. It is vital that the reliance on China comes to an end and we build a supply chain in the Western Hemisphere!
2. The Electric Vehicle boom is expected to boost demand for valuable rare earths that are used in magnets for electric motors. According to Markets and Markets, electric vehicles are projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019!
3. An increasing shift towards clean energy will also rely heavily on REEs. As the climate change crisis worsens, more politicians are starting to underscore the importance of transitioning to clean energy. We will need a secure source for these elements!
4. China's Bayan Obo mine is the world's biggest rare earth element (REE) mine both by recoverable reserves and production. DFMTF's Wicheeda deposit could replace some of that production for North American consumption.
5. Agora Financial's Byron King has recently identified Wicheeda/DEFN as one of the HIGHEST GRADE deposits of rare earth elements in all of North America!

Rare earth elements are a niche arena with only a few publicly traded companies in the space.

This already makes Defense Metals Corp. (OTC:DFMTF) worth having on your speculative watch list!

China is the big elephant in the show and has an entire chain, from rocks to the ground, to processing, to downstream, as well as entire universities devoted to training people to do rare earth geology.

With technology depending more and more on rare earths, we must lessen our dependence on China sooner than later!

China currently controls the Rare Earth refining market and is responsible for 97% of global output! (SOURCE) and they are projected to account for approximately 83% of global production in 2020 (Rare Earth Market Study, 2020, CRU).

The scariest part about this is that we don’t have viable alternatives yet and a lack of North American domestic refining and production poses a risk to security and defense!

As tensions continue to rise with China, there is a push to source critical REEs domestically or from friendly and safe jurisdictions and it is essential to American foreign policy. If China cuts off access to these materials it would significantly threaten US national security. Congress has recently drafted bills to encourage investment in the US rare earth industry.

Defense Metals Announces Saskatchewan's First Rare Earth Element Processing Facility

(Released Aug. 28th, 2020)

Defense Metals Corp. (OTC:DFMTF) has the potential to become a major North American supplier of critical rare earth minerals and the stock is trading at only pennies right now!

The largest US rare earth elements project (Mountain Pass) is going public via a SPAC (Fortress Value Acquisition Corp.) on the NYSE and it is expected that this rare earth sector will gain momentum and attention once this happens. Consider Defense Metals Corp. now before the Mountain Pass listing!

As the entire planet moves toward widespread adoption of electric vehicles and other green technologies there will be upward demand pressure on critical REE magnet-metals, primarily Nd-Pr (neodymium and praseodymium).

Defense Metals Corp. (OTC:DFMTF)'s Wicheeda REE Deposit has the potential to reduce the political and strategic risk of current reliance on Chinese REE sources!

Some experts have suggested that the decrease in China's rare earth exports to the U.S this year could be a retaliatory measure against the country.

Relations between Beijing and Washington have worsened. The president had postponed scheduled talks to review the US-China trade agreement because of how China handled the CV-19 outbreak.

The USA is actively looking for access to alternative rare earth resources to reduce its dependence on China's supplies. Last year President Trump signed documents freeing up funds under the US Defense Production Act to develop US capability to separate and process heavy rare earths, light rare earths, the production of neodymium-iron-born NdFeB magnets, samarium-cobalt magnets and rare earth metals and alloys.

"As we continue to advance our Wicheeda Rare Earth Element Property, access to specialized rare earth processing facilities in safe and friendly jurisdictions will be of critical importance. Outside of China, the rest of the world is rapidly working to secure access to REE concentrate and processing facilities. Given that the Wicheeda deposit is located in Canada gives us a strategic advantage as we continue to have discussions with various parties about this deposit."

-- Craig Taylor, CEO of Defense Metals

Defense Metals Corp. (OTC:DFMTF) is well-positioned to meet demand for North American-sourced critical REE’s with one of the highest grade road accessible deposits!

We introduce you to:

Defense Metals Corp. (OTC:DFMTF) is a mineral exploration company focused on advancing its 1,708 hectare Wicheeda Rare Earth Element (REE) Project located near Prince George, British Columbia, Canada.

The company has an option to acquire 100% of the property.

Rare earth elements are critical for use in the electric power industry. They have significant military, and national security applications and are used in the production of green energy technologies, such as, high strength, light weight, rare earth magnets.

COMMERCIAL APPLICATIONS

MEDICAL - Rare Earth magnets are used for Medical imaging technology, such as CAT scans, MRIs, PET imaging and X-rays.

BATTERIES - Neodymium is used to make rechargeable batteries for cell phones, laptops and hybrid automobiles.

ELECTRIC MOTORS - Magnet based electric motors are essential to the electric vehicles of the future.

CAMERA LENSES - Used in camera and telescope, night vision lenses.

DEFENSE APPLICATIONS

Rare earth elements play an essential role in our national defense. The military uses night-vision goggles, precision-guided weapons, communications equipment, GPS equipment, batteries, and other defense electronics. These give the United States military an enormous advantage. Rare earth metals are key ingredients for making the very hard alloys used in armored vehicles and projectiles that shatter upon impact.

Uses of rare-earth elements are applicable to the production of high-performance Guidance and Control Systems, Electronic Jamming Devices (known as ECM pods), next generation electric motors, high-powered laser targeting, Line of sight laser communications, and in next generation fighter jet engine manufacturing.

Nd-NEODYMIUM- High-powered Neodymium rare earth magnet actuators control various air surfaces during military operations.

Pr-PRASEODYMIUM - Praseodymium is used in Neodymium rare earth magnets, and is used as an alloying agent with magnesium to create high-strength metals used in aircraft engines.

Ce-CERIUM - Cerium is used in catalytic converters and Cerium-based compounds are used as polishing media for many types of optical lenses encountered in the battlefield.

La-LANTHANUM - Used in camera and telescope, night vision lenses. Also, to gain efficiency in converting crude oil into refined gasoline.

Introducing the Wicheeda Property

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature.

The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

Highlights:

• The Wicheeda Property consists of 6 mineral claims covering an area of 1,708 hectares, located approximately 80 km northeast of the city of Prince George, British Columbia.
• Favorable mineralogy and lanthanide distribution make Wicheeda a very attractive LREE deposit.
• Two specific rare earth minerals Monazite and Synchysite/Parasite-Bastnaesite with contained in approximately equal proportions.
• Ideal opportunity for vertical integration, to support rapidly growing market, reducing reliance on China.

Strategic Location:

• Strategically positioned alongside a major forestry service road connected to Highway 97.
• Major hydroelectric power line, major gas pipeline and a Canadian National railway line at the nearby village of Bear Lake.
• Trained nearby workforce.
• Prince George is a strategic mining centre.

Defense Metals Corp. (OTC:DFMTF) is advancing its Wicheeda REE Deposit through resource expansion drilling, metallurgical optimization, and initiation of environmental baseline studies.

2020 indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred resources of 12,100,000 tonnes averaging 2.90% LREO; representing a 49% increase in overall tonnage and 30% increase in overall average grade compared to the maiden 2019 resource estimate.

Positive flotation and hydrometallurgical testwork achieved a high-grade 50% LREO concentrate at >85% recovery. Hydrometallurgical test work demonstrated 90% REE extraction with opportunities for further improvement.

Updated Resource Estimate for the Wicheeda Project

On May 13th, 2020 the company completed an updated resource estimate for the project that found:

• 49% increase in overall tonnage
• 30% increase in overall average grade compared to previous mineral resource
• Indicated Resources of 4,890,000 tonnes averaging 3.02% LREO2 (Light Rare Earth Oxide) and, Inferred Resources of 12,100,000 tonnes averaging 2.90% LREO reported at a cut-off grade of 1.5% total metal

Pilot Plant Results

To date a total of 20 pilot plant processing runs have been completed since initiation of pilot plant testwork on June 11, 2020. The entirety of the Wicheeda bulk sample has now been processed through the pilot plant.

Highlights of the recently completed bulk sample flotation pilot plant are:

• 26 tonnes bulk sample feed processed over 178 hours of operation
• Approximately 1,200 kg of high-grade REE flotation concentrate produced (dry weight at ~15% moisture content)
• Process run concentrate grades ranging from 45.4% up to 56.7% (averaging 51.6%) LREO (light rare earth oxide expressed as the sum of light rare earth elements expressed as oxides Ce2O3+La2O3+Nd2O3+Pr2O3)
• Process recovery ranging from 53.8% up to 81.5% (averaging 72.4%) LREO
• Low average 6.4% mass yield to concentrate
• Scaled-up flotation pilot plant results to date compare very favourably, and with respect to concentrated grade exceed, benchmark locked-cycle flotation tests that produced a high grade 48.7% LREO flotation concentrate at 85.7% LREO recovery

The results demonstrate progressive LREO recovery improvement with successive tests conducted under varying process conditions designed to improve the circuit stability and metallurgical performance.

The final 5 (five) pilot plant runs, each having a duration of approximately 12 hours of continuous operation, included three tests (PP-15C, PP-16A, and PP-16C) conducted at reduced conditioning temperature.

The results of these lower operating temperature tests returned comparable concentrate grade and recoveries to earlier higher temperature tests.

Defense Metals Corp. (OTC:DFMTF) believes the results are significant in that they demonstrate opportunities for potential future process-cost savings due to reduced energy input requirements.

"With the processing of the remaining bulk sample feed now complete we continue to be extremely pleased with the results, which we believe demonstrate the viability of large-scale bulk sample flotation processing of Wicheeda REE Deposit material. We now look forward to beginning the data analysis phase of the work that will in part examine opportunities for further improvement of the already very successful Wicheeda metallurgical flowsheet. We expect to release the final results and a summary of all the testwork in the coming months.”

- CEO Craig Taylor

WICHEEDA METALLURGY COMPARED TO WORLDWIDE REE MINES

These are commercial operations and the results of Defense Metals’ current results are from a controlled lab testing and are not comparable.

The Bayan Obo mine located in the Inner Mongolia region of China is the world's biggest rare earth element (REE) mine both by recoverable reserves and production. It accounts for more than 40% of the total known REE reserves in the world and nearly half of the global rare earth production.

Defense Metals Corp. (OTC:DFMTF)'s Wicheeda deposit could drastically cut into those numbers.

You may have never heard about the rare metal neodymium but it is in your headphones, in your cellphone and also in electric cars like Tesla’s Model 3 and wind turbines.

In order for your cell phone to vibrate or for your AirPods to play music, or for a wind turbine and Tesla's Model 3's motor to even spin, it all takes very powerful magnets.

Combining neodymium with iron and boron can create this kind of magnet and it is the MOST POWERFUL type of permanent magnet that has ever been created!

“In a couple of decades we’re forecast to have a million electric vehicles on the road in the U.S. and that’s going to cause demand of neodymium to surge.”

- Michael Kanko, CEO of Import Genius

“There really isn’t anything to compete with neodymium for magnets. They’re just by far the best for the application."

- Frances Wall of the University of Exeter’s Camborne School of Mines

Neodymium is just one of 17 chemically similar elements called rare earth elements (REEs), and demand for these kind of metals are significantly on the rise.

Praseodymium is another such metal and is used in a variety of alloys. The high-strength alloy it forms with magnesium is used in aircraft engines.

Rare earth metals in the Earth's crust are crucial to keeping our society running smoothly. They're used in electric car motors, lithium ion batteries, computer hard drives, solar panels, wind turbines, and many other applications.

The demand for rare earth minerals have been increasing in recent years as global demand for automobiles, consumer electronics, and renewable energy is expected to rise rapidly over the next decade.

MANAGEMENT AND DIRECTORS

CRAIG TAYLOR - CEO & Director

Since 1994, Mr. Taylor has been President and CEO of Vanville Projects Ltd., a private company which provides products and services to resorts, hotels, and restaurants worldwide. From March 2008 until December 2016, Mr. Taylor was a director of Saber Capital Corp., a former capital pool company, which completed its qualifying transaction and was renamed Emblem Corp. In addition, he was a director of Advantage Lithium Corp., a TSX-V listed junior exploration company, from March 2007 until August 2016. From April 2012 until April 2016, he was a director of Clear Mountain Resources Corp., a TSX-V listed junior resource exploration company (now named Patriot One Technologies Inc.). Mr. Taylor has also served as director and officer of several other public companies engaged in mineral exploration and development.

KRISTOPHER J. RAFFLE - QP & Director

Kristopher J. Raffle, B. Sc., P.Geo. serves as the Qualified Person for the Company. Mr. Raffle is also a current director of New Placer Dome Corp. He is a Partner and Principal Geologist with Edmonton-based leading geological consulting firm APEX Geoscience Ltd. He additionally has over 18 years' experience conducting property evaluation, intensive exploration data analysis, exploration program design, and geological modelling with respect to Archean lode gold, copper-gold porphyry, epithermal, volcanic-hosted massive sulphide (VMS), kimberlite and rare earth element deposits through Canada, USA, and Mexico.

ANDREW BURGESS - Director

Mr. Andrew S. Burgess, C.A., C.P.A., is a Chartered Accountant and a Certified Public Accountant. He is currently the CFO of Spectrum Mining Corporation. He is an experienced professional with more than 35 years accounting, finance and financial reporting experience with listed companies. Mr. Burgess has a broad base of experience with natural resource, service and industrial companies in the areas of general management, financial and management reporting, taxation, corporate organizations, investments, acquisitions, divestitures, equity and debenture financing, budgeting, investor relations and administration. He has extensive public company and IPO experience.

RYAN CHEUNG - CFO & Director

Ryan Cheung, CPA, CA, has been providing accounting, management, securities regulatory compliance services to private and public-listed companies. Mr. Cheung also serves as an officer and/or director of a number of public-listed companies. He holds a Bachelor of Commerce degree from the University of Victoria and is a member of the Chartered Professional Accounts of British Columbia.

MAXIMILIAN SALI - Director

Mr. Sali has been in the capital markets for 10 years managing private family assets. He is the president of Baccara Investments Inc., a private company providing consulting and management services to public companies along with investing.

Developments

Defense Metals Corp. (OTC:DFMTF) announced in August of 2020 that the Government of Saskatchewan announced $31mn in funding for a Rare Earth Element Processing Facility in Saskatchewan. The facility will be owned and operated by the Saskatchewan Research Council (SRC).

The conversion of REE ore to individual REE products is done in two main stages. The first is the concentration of ore to mixed REE Carbonate.

The second is the more complex separation stage that converts the mixed REE Carbonate to commercial pure-grade REEs.

The facility in Saskatchewan will address both stages of REE processing. The Saskatchewan Government also stated that the global demand for REEs will increase significantly in the coming decade.

Defense Metals Corp. (OTC:DFMTF) announced in July of 2020 the initiation of a baseline surface water assessment comprising field-based hydrology and water quality data collection with respect to the Wicheeda Rare Earth Element (REE) Project.

Highlights of the surface water assessment:

• Defense Metals has engaged Prince George based EDI (Environmental Dynamics Inc.) to initiate baseline surface water quality assessment at the Wicheeda REE Project
• Completed Stream and lake water quality samples collected at total of 7 (seven) unique sites in the vicinity of the of the Wicheeda REE Deposit and analytical results are pending
• Completed Spring freshet manual stream flow measurements collected at 5 (five) unique sites
• Completed assessment of 8 (eight) stream sites in anticipation of the installation of continuous water level logging hydrometric stations for long term monitoring

The baseline surface water assessment will comprise hydrology and surface water quality programs. In order to evaluate potential mine effects on surface water quantity a total of eight hydrology stations are recommended within the Wicheeda REE Deposit study area. Discharge data from these locations is collected over a two-year period to determine baseline conditions.

Hydrometric station installs and subsequent site visits will follow BC hydrometric standards for Grade A provincial standards, in accordance with BC Ministry of Environment and Climate Change Strategy’s “Water and Air Baseline Monitoring Guidance Document for Mine Proponents and Operators." Following Grade A standards ensures the highest level of data quality is collected and allows the credibility of data for any potential future project applications including: major mine permit applications proceeding through the BC Environmental Assessment Act, or regional mine permit applications via the Mines Act.

“Defense Metals has reviewed a proposal from EDI comprising surface water, groundwater, meteorological and wildlife baseline assessments to support a potential future Wicheeda REE Deposit BC mines permit application. With the initiation of this multi-year program of baseline surface water hydrology and water quality assessment we continue to be forward-looking with respect to advancement of the Wicheeda REE Project.”

- CEO Craig Taylor

SGS Canada Inc. (“SGS”) and Defense Metals have recently submitted a technical paper titled: Beneficiation and Extraction of REE from Defense Metals’ Wicheeda Deposit in BC to the 59th Conference of Metallurgist (COM2020).

The Bottom Line:

Defense Metals Corp. (OTC:DFMTF) is a rare earth stock to keep your eyes on!

Whether its personal electronics or a weapon system, rare earths are necessary as world demand continues to skyrocket. These rare earth metals are designed into a wide variety of defense, aviation, industrial, and consumer electronics products.

Without rare earths we would have a useless anchor instead of a submarine!

Nd and Pr will show greater demand in our future but if a single country controls almost all of the production and makes a firm decision not to export, then the entire supply of a commodity can be quickly cut off.

This is a very dangerous situation and makes it imperative that we secure a source aside from China...

As supply lines shrink, the world's dependence on REE's is surging. This also threatens to impact not only the everyday consumer but militaries.

While there are 0.15 grams of palladium in an iPhone, there are 472 kilograms of combined rare earths in an F-35 fighter jet!

According to Byron King, the editor at Agora Financial, it is important to raise awareness of the northern regions in Canada. “The north is so important in terms of it is a barometer of the world’s climate. And where things are going in terms of the climate.” says King.

King believes that in Canada there are immense amounts of minerals and other valuable items that are literally locked up in the rocks.

He believes these minerals are the future of the technology industry. For example, 63 elements out of the 92 elements on the periodic table are right inside your smart phone.

“If you want your technology, then you better want your mining and your minerals.” says King.

Recently King said that one of the highest grade REE deposits in North America is Defense Metals Corp. (OTC:DFMTF)'s Wicheeda resource!

Defense Metals Corp. (OTC:DFMTF) needs to be on your radar now.

Sincerely,

Kai Parker

StockWireNews

(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)

Footnotes

1. National Instrument 43-101 Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals’ profile on SEDAR (www.sedar.com).
2. National Instrument 43-101 Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals’ profile on SEDAR (www.sedar.com).
3. See Defense Metals Corp,’s news release dated February 18, 2020, available on SEDAR (www.sedar.com)

Scientific and Technical Information

The scientific and technical information contained in this document has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Technical Report

National Instrument 43-101 Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals’ profile on SEDAR (www.sedar.com).

Forward-Looking Information

This document includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, Defense Metals’ expectations for its deposit, plans for its project, as well as other statements relating to the technical, financial and business prospects of Defense Metals and other matters. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to rare earth elements, and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that Defense Metals may lose or abandon its property interests or may fail to receive necessary licences and permits;(vi) that environmental laws and regulations may become more onerous;(vii) that Defense Metals may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with Defense Metals expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon Defense Metals history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”), including local First Nations; (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of Defense Metals projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to Defense Metals prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, government regulations and policies, litigation, decrease in the price of REE, the impact of CV-19 or other viruses and diseases on the Company’s ability to operate, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.

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