VANCOUVER, BC, Dec. 9, 2024 /PRNewswire/ – Protection Metals Corp. (“Defense Metals” or the “Company”; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is happy to verify that it expects to reduce the result of its Pre-feasibility Find out about (“PFS”) for the Wicheeda Uncommon Earth Component Challenge throughout the date of February 10, 2025. The overall PFS file will probably be ready in keeping with Nationwide Software 43-101 requirements and filed inside of 45 days of the preliminary announcement.

The PFS is being ready through Hatch Ltd., a globally identified engineering and consulting company, with contributions from SRK Consulting and alternative eminent professionals. Value projections for the combined uncommon earth carbonate anticipated to be produced were supplied through Argus Media, a revered authority within the uncommon earths marketplace.

Mr. Man de Selliers, Government Chair of Protection Metals, commented:

“I am enthusiastic about the release of the PFS which marks a pivotal milestone in advancing the Wicheeda Rare Earth Element Project. This study, initiated nearly a year ago, reflects the efforts of a world-class team, including Hatch, SRK, and other recognized experts. We are confident that the PFS will serve as a solid foundation, guiding us in the next steps in the development of our Wicheeda project.”

Protection Metals left-overs dedicated to advancing its 100%-owned Wicheeda Challenge to help the rising call for for important minerals very important to the fairway power transition.

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

Protection Metals Corp. is concentrated at the construction of its 100% owned, 11,800-hectare (~29,158-acre) Wicheeda REE Challenge this is positioned at the conventional dimension of the McLeod Pool Indian Band in British Columbia, Canada.

The Wicheeda REE Challenge, roughly 80 kilometres (~50 miles) northeast of town of Prince George, is quickly available through a paved freeway and all-weather gravel roads and is alike to infrastructure, together with hydro energy transmission traces and fuel pipelines. The within reach Canadian Nationwide Railway and primary highways permit simple get admission to to the port amenities at Prince Rupert, the nearest primary North American port to Asia.

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

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

Neither the TSX Challenge Trade nor its Law Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Challenge Trade) accepts accountability for the adequacy or accuracy of this information reduce.

Cautionary Remark Relating to “Forward-Looking” Knowledge

This information reduce comprises “forward‐looking information or statements” throughout the which means of acceptable securities regulations, which would possibly come with, with out limitation, any statements (expressed or implied) on the subject of: advancing the Wicheeda Challenge, the worth of web proceeds from the Non-public Placement, ultimate TSXV esteem of the Non-public Placement, the technical, monetary and industry potentialities of the Corporate, its mission and alternative issues. Ahead-looking statements are most often known through phrases equivalent to “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and alternative homogeneous phrases and expressions, however the absence of those phrases does no longer ruthless {that a} observation isn’t forward-looking. All statements on this information reduce, alternative than statements of historic info, that deal with occasions, contribution or tendencies 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 response to affordable suppositions, such statements aren’t promises of era efficiency and original effects would possibly range materially from the ones within the forward-looking statements. Such statements and data are in response to diverse suppositions relating to provide and era industry methods and the condition by which the Corporate will perform going forward, together with the cost of uncommon earth parts, the expected prices and expenditures, the facility to reach its targets, that basic industry and financial situations is not going to exchange in a subject material opposed method, that financing will probably be to be had if and when wanted and on affordable phrases. Such forward-looking data displays the Corporate’s perspectives with admire to era occasions and is topic to dangers, uncertainties and suppositions, together with the dangers and uncertainties on the subject of the translation of exploration and metallurgical effects, dangers matching to the inherent indecision of exploration and construction and price estimates, the potential of surprising prices and bills and the ones alternative dangers filed beneath the Corporate’s profile on SEDAR+ (www.sedarplus.ca). Year such estimates and suppositions are regarded as affordable through the control of the Corporate, they’re inherently topic to important industry, financial, aggressive and regulatory uncertainties and dangers. Elements that would purpose original effects to range materially from the ones in ahead browsing statements come with, however aren’t restricted to, persisted availability of capital and financing and basic financial, marketplace or industry situations, opposed climate and state situations, failure to guard or download all vital govt allows, approvals and authorizations, failure to guard or download crowd acceptance (together with First International locations), dangers on the subject of unanticipated operational difficulties (together with failure of kit or processes to perform in keeping with specs or expectancies, value escalation, unavailability of staff, fabrics and gear, govt motion or delays within the receipt of presidency approvals, business disturbances or alternative process motion, and unanticipated occasions matching to fitness, protection and environmental issues), dangers on the subject of faulty geological, metallurgical, engineering and pricing suppositions, cut in the cost of uncommon earth parts, the have an effect on of viruses and illnesses at the Corporate’s talent to perform, restriction on labour and world journey and provide chains, lack of key workers, specialists, officials or administrators, build up in prices, not on time effects, litigation, and failure of counterparties to accomplish their contractual responsibilities. The Corporate does no longer adopt to replace ahead–browsing statements or ahead–browsing data, aside from as required through regulation.

SOURCE Protection Metals Corp.

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