Protection Metals Publicizes Appointment of Mark Tory as CEO

VANCOUVER, BC, Nov. 18, 2024 /PRNewswire/ – Protection Metals Corp. (“Defense Metals” or the “Company”) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is happy to announce the appointment of Mr. Mark Tory to the placement of Important Govt Officer (“CEO”). Mr. Tory will begin his untouched function January 1, 2025, and shall be relocating to Vancouver.

Reporting to Protection Metals’ Board of Administrators, Mr. Tory shall be accountable for well-known the improvement of the arena magnificence Wicheeda Challenge because the Corporate advances rapidly in opposition to finishing its Prefeasibility Learn about (“PFS”), with the effects printed in Q1 2025.

Mr. Tory is a extremely skilled assets govt with vital uncommon earths enjoy having held key management roles at Northern Minerals first of all as Important Monetary Officer (“CFO”) and next therefore CEO day they evolved the Browns Field Uncommon Earth Challenge, together with the making plans, development and operation of a A$70 million pilot plant. His earlier govt enjoy comprises Managing Director of Crescent Gold Restricted, nearest a length as CFO and Corporate Secretary. He has had world publicity to assets’ capital markets in addition to protecting key management roles in firms that dimension from exploration to building via to running mines throughout commodities, together with uncommon earths, battery fabrics, bottom metals and gold.

Mr. Tory is a Chartered Accountant and holds a BBus, MBA and is a Graduate of the Australian Institute of Corporate Administrators (GAICD).

Protection Metals’ Govt Chair, Mr. de Selliers, mentioned:

“I am extremely excited at having Mark as our CEO. His career speaks for itself, but what is important to the Board, and myself in particular, is his integrity, leadership and knowledge of the rare earths sector. Mark is also a company builder, which is exactly what we need. Being able to attract somebody of Mark’s calibre, together with the strong interest we had from several other highly qualified CEO candidates, is another confirmation of the quality of our Wicheeda Project.”

Mr. Tory added:

“I am most enthusiastic at being appointed CEO of Defense Metals. What immediately attracted me to this opportunity is the rather unique characteristics of the Wicheeda deposit which makes it one of the most promising deposits in North America which includes the ability to upgrade the inground TREO to an over 50% concentrate through a relatively simple beneficiation process. I am also very pleased to be working with an extremely high calibre Board which shares the same values as I and is determined to build a profitable and sustainable major project. I look forward to working closely with the Company’s technical teams as they finalise the PFS which will be published early next year. Joining Defense Metals is a new and exciting stage in my life and career, and I am truly delighted.”

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

Protection Metals Corp. is targeted at the building of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Challenge this is situated at the conventional space of the McLeod Pond Indian Band in British Columbia, Canada.

The Wicheeda REE Challenge, roughly 80 kilometres (~50 miles) northeast of town of Prince George, is quickly obtainable via a paved freeway and all-weather gravel roads and is near to infrastructure, together with hydro energy transmission strains and fuel pipelines. The within sight Canadian Nationwide Railway and main highways permit simple get right of entry to to the port amenities at Prince Rupert, the nearest main North American port to Asia.

For additional data, please talk over with www.defensemetals.com or touch:

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

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Cautionary Observation Relating to “Forward-Looking” Knowledge

This information reduce accommodates “forward‐looking information or statements” inside the which means of acceptable securities regulations, which might come with, with out limitation, any statements (expressed or implied) on the subject of: advancing the Wicheeda Challenge, the usefulness of web proceeds from the Non-public Placement, ultimate TSXV favor of the Non-public Placement, the technical, monetary and industry possibilities of the Corporate, its venture and alternative issues. Ahead-looking statements are normally known via phrases similar to “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and alternative matching phrases and expressions, however the absence of those phrases does now not ruthless {that a} observation isn’t forward-looking. All statements on this information reduce, alternative than statements of historic details, that cope with occasions, contribution or traits that the Corporate expects to happen, are forward-looking statements. Even supposing the Corporate believes the expectancies expressed in such forward-looking statements are in line with affordable suppositions, such statements aren’t promises of age efficiency and unedited effects might range materially from the ones within the forward-looking statements. Such statements and knowledge are in line with various suppositions relating to provide and age industry methods and the atmosphere during which the Corporate will function going forward, together with the cost of uncommon earth components, the expected prices and expenditures, the power to reach its targets, that basic industry and financial statuses is not going to exchange in a subject matter opposed means, that financing shall be to be had if and when wanted and on affordable phrases. Such forward-looking data displays the Corporate’s perspectives with admire to age occasions and is topic to dangers, uncertainties and suppositions, together with the hazards and uncertainties on the subject of the translation of exploration and metallurgical effects, dangers indistinguishable to the inherent dubiousness of exploration and building and price estimates, the possibility of sudden prices and bills and the ones alternative dangers filed below the Corporate’s profile on SEDAR+ (www.sedarplus.ca). Moment such estimates and suppositions are thought to be affordable via the control of the Corporate, they’re inherently topic to vital industry, financial, aggressive and regulatory uncertainties and dangers. Elements that might purpose unedited effects to range materially from the ones in ahead shopping statements come with, however aren’t restricted to, persisted availability of capital and financing and basic financial, marketplace or industry statuses, opposed climate and situation statuses, failure to guard or download all essential govt allows, approvals and authorizations, failure to guard or download public acceptance (together with First Countries), dangers on the subject of unanticipated operational difficulties (together with failure of apparatus or processes to function in line with specs or expectancies, price escalation, unavailability of staff, fabrics and gear, govt motion or delays within the receipt of presidency approvals, commercial disturbances or alternative activity motion, and unanticipated occasions indistinguishable to condition, protection and environmental issues), dangers on the subject of erroneous geological, metallurgical, engineering and pricing suppositions, cut in the cost of uncommon earth components, the have an effect on of viruses and sicknesses at the Corporate’s talent to function, restriction on labour and world go and provide chains, lack of key workers, specialists, officials or administrators, build up in prices, behind schedule effects, litigation, and failure of counterparties to accomplish their contractual tasks. The Corporate does now not adopt to replace ahead–shopping statements or ahead–shopping data, aside from as required via regulation.

SOURCE Protection Metals Corp.