VANCOUVER, BC, Sept. 26, 2024 /PRNewswire/ – Protection Metals Corp. (“Defense Metals” or the “Company“; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is happy to announce the signing of a Memorandum of Figuring out (“MOU”) with The Saskatchewan Analysis Council (“SRC”) that may receive advantages each events via selling a collaborative and strategic way to support reinforce the uncommon earth part (“REE”) provide chain inside Canada.

Man de Selliers, Govt Chairman of Protection Metals, commented:

“We are excited to collaborate with The Saskatchewan Research Council, a recognized leader in rare earth processing and technology development. This MOU represents a significant step forward in our goal of becoming part of a secure and sustainable supply chain for rare earth elements in North America. By working together with SRC, we believe we can make substantial progress toward closing the rare earth supply chain loop and ensuring the availability of these critical materials for green energy and defence applications that are essential for national security.”

The MOU outlines a framework for Protection Metals and SRC to leverage their respective features and pursuits within the provide and processing of uncommon earth fabrics which might be particularly important to the manufacturing of uncommon earth magnets. The proposed targets of this collaboration come with:

• Exploring possible collaborations the usage of each and every Player’s respective features and pursuits within the procedure and provide of uncommon earth merchandise worn within the uncommon earths magnet price chain;
• Enabling discussions in reference to the split-up of the Protection Steel’s combined uncommon earth carbonates into separated uncommon earth oxides using SRC’s split-up era design, set up, and operational experience; and
• Facilitating negotiations of a long-term word of honour with SRC for the sale and buy of Protection Steel’s combined uncommon earth carbonate. 

This collaboration aligns with the wider Canadian Critical Minerals Strategy, which is considering growing a home business, lowering reliance on overseas resources of important minerals and bolstering nationwide safety. Moreover, it helps broader North American objectives for financial competitiveness and technological innovation in blank power and defence applied sciences.

About The Saskatchewan Analysis Council

SRC is Canada’s second-largest analysis and era group, offering services and products and merchandise to its 1,400 shoppers in 22 international locations world wide for greater than 77 years

Since 2020, SRC’s Uncommon Earth Processing Facility in Saskatoon has won $71 million in investment from the Executive of Saskatchewan, in addition to $30 million in blended investment from the Executive of Canada. This investment has been instrumental in serving to SRC put together a vertically and laterally built-in “minerals to metals” facility provided with state of the art, proprietary era evolved via SRC. Construction of the power continues forward of agenda, generating uncommon earth metals at a industrial scale in the summertime of 2024 – making Saskatchewan the primary and best jurisdiction to take action in North The us.

About Protection Metals Corp. and its Wicheeda Uncommon Earth Component Storagefacility

Protection Metals Corp. is targeted at the building of its 100% owned Wicheeda REE warehouse, for which a mineral useful resource estimate was once reported in 2023 in a Technical Document ready according to the Canadian Securities Directors’ Nationwide Tool 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), which is to be had for assessment at the Corporate’s profile on SEDAR+ at www.sedarplus.ca and the Corporate’s website online at www.defensemetals.com.

The 8,301-hectare (~20,534-acre) Wicheeda Challenge, situated roughly 80 kilometres (~50 miles) northeast of the town of Prince George at the conventional field of the McLeod Pool Indian Band in British Columbia, Canada, is quickly obtainable via a paved freeway and all-weather gravel roads. Within sight, great infrastructure contains hydro energy transmission strains, gasoline pipelines, the Canadian Nationwide Railway and main highways that let simple get admission to to the port amenities at Prince Rupert, the nearest main North American port to Asia.

Protection Metals is a proud member of Discovery Staff. For more info please seek advice from: www.discoverygroup.ca. 

For additional data, please seek advice from www.defensemetals.com or touch:

Alex Heath
Senior Vice President, Company Construction & Meantime CFO
Tel: +1 604-354-2491
E-mail: [email protected]

Neither the TSX Challenge Change nor its Law Products and services Supplier (as that promise is outlined within the insurance policies of the TSX Challenge Change) accepts duty for the adequacy or accuracy of this information loose.

Realize In regards to the Wicheeda REE Storagefacility Mineral Useful resource Estimate

The mineral useful resource estimate for the Wicheeda uncommon earth part (REE) warehouse is disclosed in a Technical Document dated October 27, 2023, efficient August 28, 2023, entitled “Technical Report on the Wicheeda Property, British Columbia, Canada“, which was once ready via APEX Geoscience Ltd. The result of the 2023 MRE have been in the past disclosed in abstract method within the Corporate’s information loose dated September 12, 2023. The Technical Document was once ready according to the Canadian Securities Directors’ Nationwide Tool 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”) and is to be had for assessment at the Corporate’s profile on SEDAR+ at www.sedarplus.ca and the Corporate’s website online at www.defensemetals.com. Readers are inspired to learn the Technical Document in its entirety, together with all {qualifications}, suppositions, and exclusions.

Cautionary Commentary Relating to “Forward-Looking” Data

This information loose comprises “forward-looking information” or “forward-looking statements” inside the that means of acceptable securities rules. All statements on this information loose, alternative than statements of ancient information, that cope with occasions or traits that the Corporate expects to happen, are forward-looking. Even if the Corporate believes the expectancies expressed in such forward-looking statements are in line with cheap suppositions, such statements don’t seem to be promises of time efficiency and untouched effects would possibly fluctuate materially from the ones within the forward-looking statements. Such statements and data are in line with various suppositions relating to provide and time industry methods and the condition during which the Corporate will perform going forward, together with the cost of uncommon earth parts, the expected prices and expenditures, the power to reach its objectives, that normal industry and financial statuses won’t trade in a subject material adversarial approach, that financing will probably be to be had if and when wanted and on cheap phrases. Such forward-looking data displays the Corporate’s perspectives with appreciate to time occasions and is topic to dangers, uncertainties and suppositions, together with the dangers and uncertainties in relation to the translation of exploration and metallurgical effects, dangers similar to the inherent hesitancy of exploration and building and price estimates, the potential of sudden prices and bills and the ones alternative dangers filed below the Corporate’s profile on SEDAR+ (www.sedarplus.ca/). Year such estimates and suppositions are thought to be cheap via the control of the Corporate, they’re inherently topic to important industry, financial, aggressive and regulatory uncertainties and dangers. Components that might purpose untouched effects to fluctuate materially from the ones in ahead browsing statements come with, however don’t seem to be restricted to, endured availability of capital and financing and normal financial, marketplace or industry statuses, adversarial climate and environment statuses, failure to guard or download all important executive allows, approvals and authorizations, failure to guard or download folk acceptance (together with First International locations), dangers in relation to unanticipated operational difficulties (together with failure of kit or processes to perform according to specs or expectancies, value escalation, unavailability of staff, fabrics and kit, executive motion or delays within the receipt of presidency approvals, business disturbances or alternative task motion, and unanticipated occasions similar to fitness, protection and environmental issues), dangers in relation to erroneous geological, metallurgical, engineering and pricing suppositions, cut in the cost of uncommon earth parts, the affect of viruses and sicknesses at the Corporate’s talent to perform, restriction on labour and global journey and provide chains, lack of key staff, experts, officials or administrators, building up in prices, behind schedule effects, litigation, and failure of counterparties to accomplish their contractual duties. The Corporate does no longer adopt to replace forward-looking statements or forward-looking data, apart from as required via legislation.

SOURCE Protection Metals Corp.

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