Defense Metals Appoints David Baker as New CFO to Drive Wicheeda Project

An announcement from Defense Metals ( (TSE:DEFN) ) is now available.

Defense Metals Corp. has appointed David Baker as the new CFO and Head of Strategy, effective August 1, 2025. Baker brings extensive experience from his previous roles, including significant positions within the Ivanhoe Mines group and as CFO of VRB Energy. His appointment is seen as a strategic move to advance the Wicheeda project, a rare earth initiative considered a geopolitical priority in North America. The leadership team, including Executive Chairman Guy de Selliers and CEO Mark Tory, express confidence in Baker’s capabilities to contribute to the project’s success and the company’s growth.

Spark’s Take on TSE:DEFN Stock

According to Spark, TipRanks’ AI Analyst, TSE:DEFN is a Neutral.

Defense Metals faces substantial financial challenges with no revenue generation and ongoing losses, greatly affecting its overall score. The strong equity position and lack of debt are key positives, but negative cash flows remain a concern. Recent positive corporate events offer strategic advantages, but the unattractive valuation and neutral technical outlook further weigh down the score.

To see Spark’s full report on TSE:DEFN stock, click here.

More about Defense Metals

Defense Metals Corp. is a company focused on the development of its wholly-owned Wicheeda Rare Earth Element (REE) property in British Columbia, Canada. The project is strategically located near infrastructure and transport links, facilitating access to Asian markets. The company recently completed a Preliminary Feasibility Study indicating strong economic prospects for the project.

Average Trading Volume: 155,064

Technical Sentiment Signal: Buy

Current Market Cap: C$57.44M

For a thorough assessment of DEFN stock, go to TipRanks’ Stock Analysis page.