Defense Metals Launches Bridge Financing Round
Company Announcements

Defense Metals Launches Bridge Financing Round

Story Highlights

Defense Metals (TSE:DEFN) has released an update.

Defense Metals Corp. has initiated a bridge financing round, aiming to raise between CAD$2.5 million and CAD$4 million through secured convertible notes. The notes will bear a 10% annual interest, payable in common shares, with a 12-month maturity and various conversion options before and upon certain mandatory events. Funding will drive the pre-feasibility study of the Wicheeda REE Project and support general corporate needs.

For further insights into TSE:DEFN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskDefense Metals Secures Financing and Advances Wicheeda Project
TipRanks Canadian Auto-Generated NewsdeskDefense Metals Boosts Canada’s Rare Earth Supply Chain
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App