Vancouver, British Columbia – January 10, 2023 (Investorideas.com Newswire, Mining / Metals / Inexperienced Power Inventory information) Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) was just lately featured in Resource World; Protection Metals Strikes Wicheeda Uncommon Earth Mission a Step Nearer to Manufacturing.
By Robert Simpson
“After reporting a sequence of promising infill drill ends in This autumn 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 improvement firm targeted on the acquisition, exploration and improvement of mineral deposits containing metals and parts generally used within the electrical energy markets, protection business, nationwide safety sector and within the manufacturing of inexperienced vitality applied sciences, equivalent to, uncommon earths magnets utilized in wind generators and in everlasting magnet motors for electrical automobiles. Protection Metals owns 100% of the Wicheeda Uncommon Earth Factor Deposit positioned close to Prince George, British Columbia, Canada. Protection Metals Corp. trades in Canada beneath the image “DEFN” on the TSX Enterprise Change, in america, beneath “DFMTF” on the OTCQB and in Germany on the Frankfurt Change beneath “35D”.
For additional info, please contact:
Todd Hanas, Bluesky Company Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Electronic mail: todd@blueskycorp.ca
Neither the TSX Enterprise Change nor its Regulation Companies 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 Concerning “Ahead-Wanting” Data
This information launch incorporates “ahead‐trying info or statements” throughout the that means of relevant securities legal guidelines, which can embody, with out limitation, statements regarding advancing the Wicheeda REE Mission, drill outcomes together with anticipated timeline of such outcomes/assays, graduation of the PFS, the Firm’s plans for its Wicheeda REE Mission, 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 details, that deal with 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 primarily based on affordable assumptions, such statements usually are not ensures of future efficiency and precise outcomes might differ materially from these within the forward-looking statements. Such statements and data are primarily based on quite a few assumptions concerning current and future enterprise methods and the surroundings during which the Firm will function sooner or later, together with the value of uncommon earth parts, the anticipated prices and expenditures, the power to attain its targets, that basic enterprise and financial situations won’t change in a cloth antagonistic method, that financing will likely be obtainable if and when wanted and on affordable phrases. Such forward-looking info displays the Firm’s views with respect to future occasions and is topic to dangers, uncertainties and assumptions, together with the dangers and uncertainties regarding 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 beneath the Firm’s profile on SEDAR at www.sedar.com. Whereas such estimates and assumptions are thought of 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 trying statements embody, however usually are not restricted to, continued availability of capital and financing and basic financial, market or enterprise situations, antagonistic climate and local weather situations, failure to keep up or receive all crucial authorities permits, approvals and authorizations, failure to keep up neighborhood acceptance (together with First Nations), dangers regarding 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 tools, 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 regarding inaccurate geological and engineering assumptions, lower within the worth of uncommon earth parts, the impression of Covid-19 or different viruses and illnesses on the Firm’s skill to function, an incapacity to foretell and counteract the consequences of COVID-19 on the enterprise of the Firm, together with however not restricted to, the consequences 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, improve in prices, delayed drilling outcomes, litigation, and failure of counterparties to carry out their contractual obligations. The Firm doesn’t undertake to replace ahead‐trying statements or ahead‐trying info, besides as required by regulation.
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