RichTV Live Interview with Defense Metals Corp. CEO Craig Taylor

Defense Metals Corp.

Yesterday, Rich profiled the exciting advanced mineral exploration company Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF). Since then, DEFN stock has jumped 6% and may be on the cusp of a major run.

Today, Rich interviews the company’s CEO Craig Taylor. For more than 25 years, Taylor has served as a director, CEO, CFO, and president of several companies in a wide variety of fields, including finance and resource exploration.

He and Rich discuss the importance of rare earth elements (REEs) to the economy as well as what sets Defense Metals Corp. apart from the competition.

DEFN is Operating in the Rare Earths Space

Defense Metals Corp. is a Canadian mineral exploration company that sources, explores, and develops REE projects.

So, what are rare earth elements?

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“The rare earths that we focus on can be found in your cell phones, your TV screens, refrigerators, electric vehicles, turbines, and space technologies,” explains Taylor. “Really everything in your life has some sort of rare earth component to it. That’s why we’re seeing growth in the rare earth space.”

In 2018, the global market for REEs was estimated at US$8.10 billion. By 2025, that market value will likely grow to US$14.43 billion. As Taylor notes, a major driver of that growth is the electric vehicle market.

The Wicheeda Property

Defense Metals Corp.’s focus right now is to acquire 100% of the Wicheeda Rare Earth Element Project in British Columbia. The project consists of six mineral claims totaling 1,708 hectares. It is approximately 80 kilometers northeast of the city of Prince George, which is a strategic mining center.

“Part of why we’re looking better than everyone else in REEs is our ease of access,” says Taylor. “[The Wicheeda property] has road access, electrical access, we’re close to water, and we’re able to extract our REEs at a very high rate. And extraction is very important.”

Just yesterday, Defense Metals Corp. announced some highly promising results from a hydrometallurgical test program on the Wicheeda project. This test achieved 90% REE extraction from flotation concentrate through mild hydrochloric acid leaching.

This means that DEFN is able to extract REEs from the property without significant waste or losses.

“Our ease of production and our ease of mining will help us beat the competition,” adds Taylor. “We’re able to extract 90% product out of our rock and that’s much better than most can do.”

The Rare Earth Opportunity for Defense Metals Corp.

In addition to being an integral part of everyday electronics like cellphones and electric vehicles, rare earth elements are also a key component of military technologies such as missile guidance systems and helmet radios.

For this reason, President Trump wrote to the secretary of defense last year, saying that the domestic production of REEs is “essential to the national defense” of the US. This provides companies like Defense Metals a once-in-a-lifetime opportunity.

“We’ve given the US military our application to be a preferred vendor. They’re looking at it quite closely,” says Taylor. “Some members of the department of defense will come up and see us in March.”

The company’s outlook for 2020 includes additional exploration at the Wicheeda sight and updating its resource estimate. While this company is still on the long road to profitability, an investment opportunity like the one created by worldwide REE demand doesn’t come by very often.

Keep watching RichTV Live for more updates about this and other exciting stocks. And, as always, let us know your thoughts!

Featured image: YouTube/Departures Capital

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