The Joint (US:JYNT) Prnewswire·2025-12-22 12:00Core Insights - 2025 has been a transformative year for Defense Metals Corp, focusing on advancing the Wicheeda Rare Earth Project and strengthening its leadership and financial position in response to increasing global demand for secure rare earth supply [2][8] Leadership and Governance - The company enhanced its leadership and governance framework, with Mark Tory formally becoming President and CEO, and further strengthening the Board and senior management team to support the next phase of development [3] Project Development - A major milestone was the completion of the Pre-Feasibility Study (PFS) for the Wicheeda Project, confirming it as the only undeveloped rare earth project in North America and Europe with proven mineral reserves, highlighting its strategic importance [4] - Preparatory work has commenced to advance toward a Definitive Feasibility Study (DFS), targeted to begin in early 2026 [4] Financial Position - Defense Metals completed multiple private placement financings, including an oversubscribed C$16.2 million financing, which strengthened the balance sheet and provided funding for metallurgical optimization and engineering studies [5] - Insider participation in these financings was significant, with directors and senior officers investing alongside institutional shareholders, reflecting strong confidence in the company's strategy [6] Stakeholder Engagement - The company advanced engagement with Indigenous partners and government stakeholders, receiving ongoing support from the McLeod Lake Indian Band and constructive dialogue with federal and provincial authorities [7] - A Letter of Interest from Export Development Canada (EDC) regarding potential project financing of up to US$250 million was received, subject to customary conditions [7] Future Outlook - Looking ahead to 2026, Defense Metals is well positioned to advance the Wicheeda Project, pursue strategic partnerships and offtake opportunities, and continue disciplined capital management [8]