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Defense Metals
(OTC:DEFN)
Defense Metals (DEFN) vs. iShares MSCI Canada ETF (EWC)
Defense Metals Business Overview & Revenue Model
Defense Metals Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -25.03K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -2.99M | -3.12M | -4.04M | -4.01M | -2.69M | -1.25M | EBITDA |
| -2.49M | 361.32K | -2.71M | -3.78M | -2.64M | -217.13K | Net Income Common Stockholders |
| -3.04M | -2.76M | -2.71M | -3.78M | -2.64M | -1.23M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.18M | 916.07K | 1.76M | 724.81K | 849.47K | 166.18K | Total Assets |
| 46.80M | 42.65M | 32.74M | 25.26M | 4.14M | 2.04M | Total Debt |
| 3.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| 2.70M | -916.07K | -1.76M | -724.81K | -849.47K | -166.18K | Total Liabilities |
| 7.27M | 808.91K | 656.52K | 668.62K | 327.87K | 207.31K | Stockholders Equity |
| 39.53M | 41.84M | 32.09M | 24.59M | 3.81M | 1.84M |
| Cash Flow | Free Cash Flow | ||||
| -4.48M | ― | -9.60M | -5.24M | -3.45M | -2.11M | Operating Cash Flow |
| -2.04M | ― | -2.96M | -2.36M | -2.00M | -924.13K | Investing Cash Flow |
| -3.50M | -10.12M | -6.90M | -2.95M | -1.53M | -1.18M | Financing Cash Flow |
| 2.24M | 11.88M | 10.91M | 5.18M | 4.22M | 2.08M |
Defense Metals Technical Analysis
Defense Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.02B | -1.14 | -21.36% | 3.64% | 2.88% | -30.57% | |
47 Neutral | $57.44M | ― | -10.05% | ― | ― | -29.51% | |
| C$46.08M | ― | -4.50% | ― | ― | ― | ||
| $34.73M | ― | -12.61% | ― | ― | ― | ||
36 Underperform | C$45.30M | ― | -23.89% | ― | ― | -57.70% | |
| $58.81M | ― | -20.18% | ― | ― | ― |
Defense Metals Corporate Events
Defense Metals Corp. has signed a non-binding memorandum of understanding with a major potential strategic partner to enter into a supply agreement for a significant portion of its planned output. This development reflects growing industry confidence in the Wicheeda project as a strategically important source of rare earth elements, following the positive results of a recent pre-feasibility study. The agreement marks a significant step towards advancing the project, potentially impacting the company’s operations and positioning within the rare earth elements industry.
Spark’s Take on TSE:DEFN Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFN is a Neutral.
Defense Metals’ overall stock score is primarily constrained by its financial challenges, including no revenue generation and persistent losses. While the strong equity base provides stability, the ongoing reliance on external financing is a significant risk. Recent positive corporate events, such as government funding and promising project assessments, offer strategic advantages, but they do not offset the financial concerns sufficiently. The neutral technical outlook and unattractive valuation further weigh down the score.
To see Spark’s full report on TSE:DEFN stock, click here.
Defense Metals Corp. has announced a private placement financing agreement with Paradigm Capital Inc. to raise up to $8 million, alongside a concurrent non-brokered financing for an additional $1 million. The funds will be used to advance the Wicheeda Project, optimize its design, and support environmental and permitting efforts, thereby strengthening the company’s strategic position in the rare earth elements market.
Spark’s Take on TSE:DEFN Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFN is a Neutral.
Defense Metals faces significant financial challenges with ongoing losses and no revenue generation, reflected in a low financial performance score. However, recent positive corporate events, including government funding and favorable project assessments, provide a strategic advantage, potentially enhancing its industry position. Despite a neutral technical outlook and unattractive valuation metrics, these strategic developments contribute positively to the overall score.
To see Spark’s full report on TSE:DEFN stock, click here.
Defense Metals Corp. announced the issuance of 640,097 common shares to satisfy interest payments on secured convertible notes, amounting to C$98,632.55. This move, subject to TSX Venture Exchange approval, reflects the company’s strategic financial management and could impact its market positioning by potentially enhancing liquidity and shareholder value.
Spark’s Take on TSE:DEFN Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFN is a Neutral.
Defense Metals scores a 45, reflecting significant financial challenges but offset by a strong equity position and recent positive corporate developments. The lack of revenue and consistent losses are major concerns, while the promising PFS results and government funding for the Wicheeda project offer potential upside. The stock’s technical indicators remain neutral, and valuation is difficult due to negative earnings.
To see Spark’s full report on TSE:DEFN stock, click here.
Defense Metals Corp. has filed a Pre-Feasibility Study (PFS) technical report for its Wicheeda Rare Earth Element Deposit, highlighting the project’s potential to drive regional economic prosperity and contribute to global supply chains. The report, prepared by renowned experts, confirms the project’s robust economic outcomes and aligns with the company’s previous announcements. The British Columbia government supports the project, recognizing its potential to become a significant global supplier of rare earth elements. The company also announced the resignation of its Interim CFO, Alex Heath, with Ryan Cheung stepping in as CFO until a replacement is appointed.
Spark’s Take on TSE:DEFN Stock
According to Spark, TipRanks’ AI Analyst, (TSE:DEFN) is a Neutral.
Defense Metals faces significant financial challenges with ongoing losses and no revenue generation. However, its strong equity base and zero debt provide financial stability. The stock’s technical outlook is neutral, while recent corporate events, including government funding and positive PFS results, offer potential strategic advantages and bolster its position in the critical minerals sector.
To see Spark’s full report on (TSE:DEFN) stock, click here.
Defense Metals Corp. has secured up to C$853,825 in funding from Natural Resources Canada’s Critical Minerals Infrastructure Fund to advance infrastructure for its Wicheeda Rare Earth Element Project. This funding will support an economic study for a transmission line connecting the project to the provincial power grid, enhancing its operational sustainability and reinforcing its potential as a significant North American supplier of critical rare earth elements. The involvement of the McLeod Lake Indian Band as an equity partner underscores the project’s commitment to Indigenous engagement and sustainable development, positioning Defense Metals as a key player in the critical minerals sector.
Defense Metals Corp. has released positive results from its Pre-Feasibility Study (PFS) for the Wicheeda Rare Earth Element (REE) project in Canada, highlighting its robust economic potential. With a pre-tax NPV of $1.8 billion and an IRR of 24.6%, the project positions itself as a leading solution for Western-aligned supply chains, offering high-grade mineral concentrates and significant operational margins. These developments underscore the project’s strategic importance amid growing demand for critical minerals, enhancing the company’s industry positioning and potential stakeholder benefits.