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Defense Metals ( (TSE:DEFN) ) has issued an announcement.
Defense Metals reported that 2025 was a pivotal year marked by completion of a Pre-Feasibility Study confirming Wicheeda as the only undeveloped rare earth project in North America and Europe with proven mineral reserves, and by organizational changes including the formal appointment of Mark Tory as president and CEO and the strengthening of its board and senior management. The company bolstered its balance sheet through several private placements, notably an oversubscribed C$16.2 million financing with strong insider participation, advanced technical work toward a Definitive Feasibility Study expected to start in early 2026, deepened engagement with Indigenous and government stakeholders, and received a Letter of Interest from Export Development Canada for potential project financing of up to US$250 million, collectively reinforcing its strategic position and long-term value proposition in the rare earth sector.
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 Canadian mineral development company focused on advancing its 100%-owned Wicheeda Rare Earth Element deposit near Prince George, British Columbia. The project benefits from established regional infrastructure, including highway access, all-weather roads, nearby power and gas lines, rail connectivity and proximity to export facilities at the Port of Prince Rupert, positioning the company within the strategic rare earths supply chain for North America and Europe.
YTD Price Performance: 7.32%
Average Trading Volume: 1,048,437
Technical Sentiment Signal: Buy
Current Market Cap: C$86.29M
For a thorough assessment of DEFN stock, go to TipRanks’ Stock Analysis page.