Defense Metals Corp. (DEFN) Mining Data
TSXV: DEFN · REE · Advanced Exploration stage
- Market cap$44.2M
- Share price$0.105
- 52-week range$0.090 – $0.375
- Shares outstanding421,204,314
- ExchangeTSXV
- Websitewww.defensemetals.com
- Company Overview
- Interactive Economic Study
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Defense Metals Corp. mineral properties
No mineral properties are on file for this company yet.
Defense Metals Corp. drill result releases
2 drill result releases from Defense Metals Corp., read by Mining News Terminal, newest first.
| Date | Company | Project | Hole | Best intercept | Intervals | Release |
|---|---|---|---|---|---|---|
| 2026-10-08 | Defense Metals Corp. (DEFN) | Wicheeda | WI26-104 | 2.33% TREO / 153.2m | 19 | Defense Metals Resource Upgrade Drilling Intersects 2.33% TREO over 153 Metres at the Wicheeda Rare Earth Project |
| 2026-08-31 | Defense Metals Corp. (DEFN) | Wicheeda | WI26-96 | 2.86% TREO / 65.1m | 20 | Defense Metals Resource Upgrade Drilling Intersects 2.86% TREO over 65 Metres; Including 6.15% TREO over 20 Metres at the Wicheeda Rare Earth Project |
Defense Metals Corp. economic studies
6 economic studies (PEA, pre-feasibility or feasibility) published by Defense Metals Corp., read by Mining News Terminal. Base case after-tax figures; a study repeated in later releases is listed once.
| Study | Project | Date | After-tax NPV | IRR | Initial capex | Mine life | Release |
|---|---|---|---|---|---|---|---|
| PFS | Wicheeda | 2026-03-02 | C$1.8B @8% | 18.9% | — | — | Defense Metals Provides Update on Wicheeda Project Development Robust Wicheeda Pre-Feasibility Economics Supported by Current Strong NdPr Price Environment |
| PFS | Wicheeda | 2025-10-06 | — | — | — | — | Defense Metals Provides Business Update |
| PFS | Wicheeda Rare Earth Deposit | 2025-02-18 | US$992M @8% | 18.9% | US$1.4B | 15 yrs | Defense Metals - Robust Economics from Wicheeda Rare Earth Deposit PFS |
| PEA | Wicheeda REE Deposit | 2022-01-20 | C$517M @8% | 18% | C$440M | 16 yrs | Defense Metals Corp. Reviews 2021 and Provides Outlook for 2022 |
| PEA | Wicheeda REE | 2022-01-14 | C$760M @8% | — | — | — | Defense Metals Corp. Acquires 100% of the Wicheeda REE Project |
| PEA | Wicheeda Rare Earth Element | 2021-11-24 | C$512M @8% | 16% | C$461M | 16 yrs | Defense Metals Announces Positive Preliminary Economic Assessment For The Wicheeda Rare Earth Element Project |
Defense Metals Corp. exploration programs
Drilling, geophysics and ground programs Defense Metals Corp. has announced, read by Mining News Terminal. A program reported in several releases is listed once, from the latest.
| Date | Program | Project | Size | Method and metal |
|---|---|---|---|---|
| 2026-10-08 | Drilling, completed | Wicheeda (spring 2026) | 1,702 m, 10 holes | diamond - REE |
| 2026-10-08 | Drilling, completed | Wicheeda (2026) | 702 m, 4 holes | diamond |
| 2026-10-08 | Drilling, completed | Wicheeda (2026) | 1,507 m, 7 holes | diamond |
| 2026-10-08 | Drilling, completed | Wicheeda (2026) | 3,136 m, 20 holes | diamond - REE |
| 2026-10-08 | Drilling, completed | Wicheeda (2026 spring) | 5,345 m, 31 holes | diamond - REE |