Defense Metals ( (TSE:DEFN) ) has issued an update.
Defense Metals Corp. has introduced a solvent extraction circuit to its hydrometallurgical plant flowsheet to remove low-value cerium and lanthanum. This adjustment is set to significantly increase the neodymium and praseodymium oxide content of its mixed rare earth carbonate product, elevating its market value and appeal to downstream processors. This strategic enhancement is expected to outweigh the increased capital costs, positioning Defense Metals favorably in the rare earth market outside of China.
More about Defense Metals
Defense Metals Corp. is focused on developing its wholly-owned Wicheeda rare earth element project in British Columbia, Canada. This project spans 11,800 hectares and is strategically positioned with access to significant infrastructure, enhancing its operational capabilities in the rare earth elements industry.
YTD Price Performance: -14.48%
Average Trading Volume: 93,050
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $37.11M
For detailed information about DEFN stock, go to TipRanks’ Stock Analysis page.