The latest announcement is out from Defense Metals ( (TSE:DEFN) ).
Defense Metals Corp. announced the issuance of 491,807 common stock shares to satisfy interest payments on secured convertible notes, amounting to C$100,821.92. This move, pending TSX Venture Exchange approval, reflects the company’s strategy to manage its financial obligations while maintaining focus on its core operations. The issuance also highlights Defense Metals’ commitment to advancing its Wicheeda Rare Earth Element Project, which is pivotal for its positioning within the rare earth elements market.
More about Defense Metals
Defense Metals Corp. is a company focused on the development of its Wicheeda Rare Earth Element Project located in British Columbia, Canada. The project spans 11,800 hectares and is strategically positioned to leverage existing infrastructure, including transportation routes and power supply, to facilitate operations and potential market access.
YTD Price Performance: -4.14%
Average Trading Volume: 92,602
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $36.98M
For an in-depth examination of DEFN stock, go to TipRanks’ Stock Analysis page.