SAN FRANCISCO, May 08, 2019 (GLOBE NEWSWIRE) -- Rick Mills of Ahead of the Herd explains why he believes investors should take a look at one company whose rare earth elements project could provide a secure supply of desperately needed metals and could have a "potential gross in-situ metal value of CA$7.6 billion."
Company mentioned: Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; FSE:35D)
Ahead of the Herd has identified a project in central British Columbia, Canada, that has all the elements in place for a successful rare earth element mine.
The first assay results of the bulk sample program at Defense Metals Corp.'s Wicheeda Project have been released…they're spectacular. A 30-tonne random sample taken from the deposit revealed the presence of four defense and clean energy (magnet/lithium-ion battery) rare earth elements: cerium, lanthanum, neodymium and praseodymium.
These results are impressive for three reasons:
- The presence of neodymium and praseodymium is critical, because these two REEs are used in the manufacture of Nd-Pr-Iron-Boron permanent magnets that go into a number of high-tech applications.
- All four rare earth elements are used in the manufacture of lithium-ion batteries found in electric vehicles.
- The results indicate a potential light rare earth deposit of significant value.
Continue reading this article: In Era of Geopolitical Chaos, Investors Should Look at This REE Company
About Streetwise Reports
Streetwise Reports shares investment ideas in many sectors. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
DISCLOSURE:
Rick Mills: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Defense Metals. My company currently has a financial relationship with the following companies mentioned in this article: Defense Metals is an advertiser on Ahead of the Herd.
The following companies are billboard sponsors of Streetwise Reports: Defense Metals. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of Defense Metals. Please click here for more information. Officers and/or employees of Streetwise Reports (including members of their household) own securities of Defense Metals, a company mentioned in this article.
The full disclosure is provided at the article's end: In Era of Geopolitical Chaos, Investors Should Look at This REE Company