[ad_1]
Vancouver, British Columbia, August 26, 2024 PR Newswire Defense Metals (“Defense Metals” or”company“; (TSX:DEFN) (OTCQB: Two-way motor vehicle) (FSE: 35D) announced his resignation today Craig Taylor Appoints Len Clough as Director, effective immediately.
Guy de CellierThe Chairman of Defense Metals commented:
“We are grateful for Craig’s contributions to Defense Metals and are sad to see him leave the company. Under his leadership, the Wicheeda Rare Earth Element Project has reached an advanced stage with a detailed pre-feasibility study nearing completion with results expected by the end of the year. Craig has also been instrumental in building a strong relationship with the McLeod Lake Indian Tribe, which has received extensive support from Defense Metals. British Columbia The approval of the provincial authorities is critical to the Company. On behalf of the Board, management team and shareholders, I would like to express my sincere gratitude to Craig for his contributions and achievements at Defence Metals.”
Craig Taylorcommented:
“The time has come for me to leave Defence Metals to pursue other interests and to step away from the development of the Wicheeda project, which I firmly believe is the best project in the world. North AmericaI am extremely proud of what we have accomplished and have every confidence that the senior management team and the exceptional team of engineers, scientists and other experts we have assembled will achieve outstanding production on this project in the near future.”
The Board has initiated a search for a new Chief Executive Officer. Pending the appointment of a new Chief Executive Officer, the Executive Chairman Guy de Cellier Will lead the company, working closely with the Board of Directors and President Luisa Moreno and Lead Independent Director Dale WalsterIn addition, Senior Vice President of Corporate Development and Interim Chief Financial Officer, Alex Heathwill play a key role in supporting the leadership team and guiding the company through this transition.
In conjunction with this transition, the Company has agreed to issue to Mr. Taylor an aggregate of 1,600,000 common shares of the Company as separation compensation, subject to TSX Venture Exchange approval and a four-month hold period.
The company also announced Len Clough has resigned as a director. Defense Metals would like to express its sincere gratitude for his contributions and wish him continued success in his future endeavors.
About Defense Metals Corp. and its Wicheeda Rare Earth Elements Project
Defense Metals Corp. is focused on developing its wholly owned 8,301-hectare (approximately 20,534-acre) Wicheeda REE Project located in British Columbia, Canada.
The Wicheeda REE project is located in Prince Georgeeasily accessible via paved highways and all-weather gravel roads, and close to infrastructure including hydroelectric transmission lines and natural gas pipelines. The nearby Canadian National Railway and major highways provide easy access Prince Rupertthe nearest major North American port Asia.
Defense Metals is a proud member of the Discovery Group. For more information, visit:
www.discoverygroup.ca.
For more information, visit www.defensemetals.com Or contact:
Alex Heath
Senior Vice President, Corporate Development and Interim Chief Financial Officer
Tel: +1 604-354-2491
e-mail: (email protected)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This press release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, but are not limited to, statements relating to the advancement of the Wicheeda REE Project, expectations and plans for the Wicheeda REE Project, the Company’s technical, financial and business prospects, projects, objectives and other matters. All statements, other than statements of historical fact, in this press release that address events or developments that the Company expects to occur are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions about current and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, expected costs and expenses, the ability to achieve its objectives, the absence of a material adverse change in general business and economic conditions, and the availability of financing on reasonable terms when required. Such forward-looking information reflects the Company’s views regarding future events and is subject to risks, uncertainties and assumptions, including risks and uncertainties associated with the interpretation of exploration and metallurgical results, risks and cost estimates associated with the inherent uncertainty of exploration and development, the possibility of unexpected costs and expenses and other risks recorded by the Company on its SEDAR+ profile (www.sedarplus.caAlthough the Company’s management believes that such estimates and assumptions are reasonable, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary governmental permits, approvals and authorizations, failure to maintain or obtain community acceptance (including First Nations), risks associated with unexpected operating difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of personnel, materials and equipment, governmental actions or delays in obtaining governmental approvals, industrial unrest or other employment actions and unexpected events related to health, safety and environmental issues), risks associated with inaccurate geological, metallurgical, engineering and pricing assumptions, declines in rare earth element prices, the impact of viruses and diseases on the Company’s ability to operate, restrictions on the workforce and international travel and supply chains, loss of key employees, consultants, officers or directors, cost increases, delays in results, litigation and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
SOURCE Defense Metals
[ad_2]
Source link
