Defense Metals Corp. Awards Stock Options to Strengthen Management Team

VANCOUVER, BC, Dec. 20, 2024 /PRNewswire/ – Defense Metals Corp. (“Defense Metals” or the “Company“; DEFN, DFMTF (FSE: 35D) announced that it has granted 9,950,000 incentive stock options to its directors, officers, and consultants, pending approval from the TSX Venture Exchange. Of those, 8,850,000 options allow the purchase of common shares at a price of C$0.125 each for five years. Additionally, there are 400,000 options at C$0.205 and 700,000 options at C$0.26, adhering to the company’s stock option plan and certain vesting terms.

Guy de Selliers, Executive Chairman of the Company, commented:

“As we welcome our new CEO and management team, granting these options is crucial for attracting and retaining the skilled talent necessary to advance our Wicheeda Project. Our team is dedicated to completing the Prefeasibility Study by Q1, 2025.”

Exploring the Wicheeda Rare Earth Element Project

Focused on advancing the 100% owned Wicheeda Rare Earth Element (REE) Project, Defense Metals encompasses an area of 11,800 hectares (~29,158 acres) located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

The project site, located about 80 kilometers (~50 miles) northeast of Prince George, is easily accessible via paved highways and all-weather gravel roads. It is in proximity to essential infrastructure, such as hydro power lines and gas pipelines. Consequently, its location near the Canadian National Railway and major highways facilitates straightforward access to port facilities at Prince Rupert, the closest significant North American port to Asia.

For additional information, visit www.defensemetals.com or contact:

Alex Heath
Senior Vice President, Corporate Development & Interim CFO
Tel: +1 604-354-2491
Email: alex@defensemetals.com 

The TSX Venture Exchange and its Regulation Services Provider are not responsible for the adequacy or accuracy of this news release.

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SOURCE Defense Metals Corp.