Defense Metals Joins New Sprott Rare Earths Ex-China ETF

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

Defense Metals Corp., a rare earth exploration and development company, has been added to the newly launched Sprott Rare Earths Ex-China ETF, which offers focused exposure to rare earth companies operating outside China. The ETF inclusion signals market validation of the company’s progress at its Wicheeda project in British Columbia and could broaden its investor base.

Management said the listing has the potential to attract more institutional investors and increase trading liquidity, as the fund is expected to serve as a key benchmark for investors targeting critical materials. The move underscores Defense Metals’ ambition to position Wicheeda as a significant Western source of rare earths and may strengthen its visibility within global efforts to diversify supply chains away from China.

Spark’s Take on DEFN Stock

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

The score is held down primarily by weak financial performance (pre-revenue status, widening losses, and ongoing cash burn), partially offset by a low-debt balance sheet with substantial equity. Technicals are neutral-to-slightly positive, while valuation provides limited support given negative earnings and no dividend yield data.

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

More about Defense Metals

Defense Metals Corp. is an advanced rare earth elements exploration and development company focused on supplying strategically critical metals to Western defense, high-technology and clean energy supply chains. Its primary asset is the 100%-owned Wicheeda Rare Earth Element Project near Prince George, British Columbia, considered one of the most advanced undeveloped rare earth deposits in North America or Europe and supported by a 2025 pre-feasibility study outlining its economic potential.

The company aims to advance Wicheeda through feasibility studies, permitting and ultimately into production, with the goal of becoming a reliable non-Chinese supplier of critical rare earths used in modern defence systems, advanced manufacturing and energy-efficient technologies. This focus positions Defense Metals within the strategic push by Western economies to secure independent supplies of key materials underpinning the energy transition and national security.

Average Trading Volume: 399,181

Technical Sentiment Signal: Buy

Current Market Cap: C$82.48M

For an in-depth examination of DEFN stock, go to TipRanks’ Overview page.