Vancouver, British Columbia – January 10, 2023 (Investorideas.com Newswire, Mining / Metals / Inexperienced Vitality Inventory information) Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) was just lately featured in Useful resource World; Protection Metals Strikes Wicheeda Uncommon Earth Venture a Step Nearer to Manufacturing.
By Robert Simpson
“After reporting a collection of promising infill drill leads to This fall for the Wicheeda uncommon earth metals mission and advancing the metallurgical program with nice outcomes, traders have handsomely rewarded Protection Metals Corp’s (TSXV: DEFN; OTCOB: DFMTF) by oversubscribing to an end-of-year, non-brokered financing of $6.1 million.”
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About Protection Metals Corp.
Protection Metals Corp. is a mineral exploration and growth firm targeted on the acquisition, exploration and growth of mineral deposits containing metals and components generally used within the electrical energy markets, protection trade, nationwide safety sector and within the manufacturing of inexperienced vitality applied sciences, comparable to, uncommon earths magnets utilized in wind generators and in everlasting magnet motors for electrical autos. Protection Metals owns 100% of the Wicheeda Uncommon Earth Ingredient Deposit situated close to Prince George, British Columbia, Canada. Protection Metals Corp. trades in Canada underneath the image “DEFN” on the TSX Enterprise Change, in the USA, underneath “DFMTF” on the OTCQB and in Germany on the Frankfurt Change underneath “35D”.
For additional data, please contact:
Todd Hanas, Bluesky Company Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
E mail: [email protected]
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information launch.
Cautionary Assertion Relating to “Ahead-Trying” Data
This information launch accommodates “ahead‐wanting data or statements” inside the that means of relevant securities legal guidelines, which can embody, with out limitation, statements referring to advancing the Wicheeda REE Venture, drill outcomes together with anticipated timeline of such outcomes/assays, graduation of the PFS, the Firm’s plans for its Wicheeda REE Venture, expanded useful resource and scale of expanded useful resource, anticipated outcomes and outcomes, the technical, monetary and enterprise prospects of the Firm, its mission and different issues. All statements on this information launch, aside from statements of historic information, that handle occasions or developments that the Firm expects to happen, are forward-looking statements. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on affordable assumptions, such statements are usually not ensures of future efficiency and precise outcomes could differ materially from these within the forward-looking statements. Such statements and knowledge are based mostly on quite a few assumptions relating to current and future enterprise methods and the setting wherein the Firm will function sooner or later, together with the value of uncommon earth components, the anticipated prices and expenditures, the flexibility to realize its objectives, that basic enterprise and financial situations won’t change in a cloth opposed method, that financing can be obtainable if and when wanted and on affordable phrases. Such forward-looking data displays the Firm’s views with respect to future occasions and is topic to dangers, uncertainties and assumptions, together with the dangers and uncertainties referring to the interpretation of exploration outcomes, dangers associated to the inherent uncertainty of exploration and value estimates, the potential for sudden prices and bills and people different dangers filed underneath the Firm’s profile on SEDAR at www.sedar.com. Whereas such estimates and assumptions are thought-about affordable by the administration of the Firm, they’re inherently topic to vital enterprise, financial, aggressive and regulatory uncertainties and dangers. Elements that might trigger precise outcomes to vary materially from these in ahead wanting statements embody, however are usually not restricted to, continued availability of capital and financing and basic financial, market or enterprise situations, opposed climate and local weather situations, failure to take care of or receive all essential authorities permits, approvals and authorizations, failure to take care of neighborhood acceptance (together with First Nations), dangers referring to unanticipated operational difficulties (together with failure of apparatus or processes to function in accordance with specs or expectations, value escalation, unavailability of personnel, supplies and gear, authorities motion or delays within the receipt of presidency approvals, industrial disturbances or different job motion, and unanticipated occasions associated to well being, security and environmental issues), dangers referring to inaccurate geological and engineering assumptions, lower within the value of uncommon earth components, the affect of Covid-19 or different viruses and illnesses on the Firm’s capability to function, an lack of ability to foretell and counteract the results of COVID-19 on the enterprise of the Firm, together with however not restricted to, the results of COVID-19 on the value of commodities, capital market situations, restriction on labour and worldwide journey and provide chains, lack of key staff, consultants, or administrators, enhance in prices, delayed drilling outcomes, litigation, and failure of counterparties to carry out their contractual obligations. The Firm doesn’t undertake to replace ahead‐wanting statements or ahead‐wanting data, besides as required by legislation.
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