Defense Metals (DEFN.V): “Defense Metals’ Wicheeda rare earths project poised to become the Next REE producer in North America”
When Defense Metals (TSXV: DEFN) acquired 100% ownership of its flagship Wicheeda rare earth elements deposit in British Columbia this month, it was the latest in a series of milestones the company marked over the past year.
Drilling has intersected visible rare earth element (REE) mineralization in dolomite-carbonatite rocks in all holes, and the preliminary economic assessment (PEA), filed in January, indicates the project has an after-tax net present value with an 8% discount of $404 million, and an internal rate of return of 18%.
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