tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Defense Metals Strengthens Partnership with Hatch Through Shares-for-Debt Settlement

Story Highlights
Defense Metals Strengthens Partnership with Hatch Through Shares-for-Debt Settlement

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Defense Metals Corp. has entered into a shares-for-debt settlement agreement with Hatch Ltd. to settle $846,547.31 in outstanding payables through the issuance of common shares and warrants. This agreement not only strengthens their relationship with Hatch but also reflects confidence in the Wicheeda Rare Earth Element Project, as Hatch has shown willingness to accept equity. The transaction is subject to TSX Venture Exchange approval, and Defense Metals intends to engage Hatch for further engineering services as the project progresses.

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 focused on the development of its 100% owned Wicheeda Rare Earth Element (REE) property in British Columbia, Canada. The project is strategically located with access to infrastructure and has demonstrated robust economics through a Preliminary Feasibility Study.

Average Trading Volume: 204,229

Technical Sentiment Signal: Buy

Current Market Cap: C$67.75M

Find detailed analytics on DEFN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

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
1