VANCOUVER, BC, Dec. 20,
2024 /CNW/ - Defense Metals Corp. ("Defense
Metals" or the "Company"; (TSXV: DEFN) (OTCQB: DFMTF)
(FSE: 35D) announces the grant of 9,950,000 incentive stock options
("Options") to directors, officers and consultants of the
Company, subject to TSX Venture Exchange approval. 8,850,000
options are exercisable, each to purchase one common share of the
Company for five years at a price of C$0.125 per common share, 400,000 options are
exercisable, each to purchase one common share of the Company for
five years at a price of C$0.205 per
common share and 700,000 options are exercisable, each to purchase
one common share of the Company for five years at a price of
C$0.26, in accordance with the terms
of the Company's stock option plan and subject to certain vesting
provisions.
Guy de Selliers, Executive
Chairman of the Company, stated:
"With our new CEO and management team on board,
it is essential that we grant these options in order to attract and
retain the high calibre talent Defense Metals needs to build our
flagship Wicheeda Project, for which our new team is working
diligently to complete the Prefeasibility Study in Q1, 2025."
About Defense Metals Corp. and its Wicheeda Rare Earth
Element Project
Defense Metals Corp. is focused on the development of its 100%
owned, 11,800-hectare (~29,158-acre) Wicheeda REE Project that is
located on the traditional territory of the McLeod Lake Indian Band
in British Columbia, Canada.
The Wicheeda REE Project, approximately 80 kilometres (~50
miles) northeast of the city of Prince
George, is readily accessible by a paved highway and
all-weather gravel roads and is close to infrastructure, including
hydro power transmission lines and gas pipelines. The nearby
Canadian National Railway and major highways allow easy access to
the port facilities at Prince
Rupert, the closest major North American port to
Asia.
For further information, please visit www.defensemetals.com
or contact:
Alex Heath
Senior Vice President, Corporate Development & Interim CFO
Tel: +1 604-354-2491
Email: alex@defensemetals.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/defense-metals-grants-incentive-stock-options-302337106.html
SOURCE Defense Metals Corp.
