Defense Metals Secures Funding from Natural Resource Canada's Critical Minerals Infrastructure Fund for its Wicheeda Rare Earth Element Project

Core Points - Defense Metals Corp. has received funding of up to C$853,825 from Natural Resources Canada's Critical Minerals Infrastructure Fund to advance infrastructure for its Wicheeda Rare Earth Element deposit [1][8] - The funding will support a study for a proposed 46km transmission line connecting the Wicheeda Project to British Columbia's hydroelectric power grid, ensuring a reliable power supply [4][8] - The Wicheeda Project is the only rare earth project in Canada with current proven and probable reserves, positioning it as a key future supplier of essential rare earth materials in North America [3][8] Company Overview - Defense Metals Corp. is focused on the development of its 100% owned Wicheeda rare earth element Project, which spans approximately 11,800 hectares [9] - The Wicheeda Project is strategically located about 80 kilometers northeast of Prince George, British Columbia, with good access to infrastructure including hydro power transmission lines and gas pipelines [10] Indigenous Engagement - The McLeod Lake Indian Band (MLIB) is an equity partner in the Wicheeda Project, actively involved in decision-making through a co-design agreement with Defense Metals [5][8] - The integration of Indigenous perspectives is a key aspect of the project assessment and development process [5] Industry Context - The Critical Minerals Infrastructure Fund aims to enhance the development and supply of critical minerals in Canada, improving access to essential infrastructure [7] - The Wicheeda Project is significant for Canada's critical minerals sector, contributing to the domestic supply of rare earths necessary for clean energy, defense, and advanced technology applications [6]