Defense Metals plans up to $6 million private placement to advance Wicheeda rare earths project

Defense Metals launched a non-brokered private placement targeting up to CAD 6 million to advance the Wicheeda rare earths project toward feasibility. Terms set at CAD 0.14 per unit for up to 42,857,142 units, each with one share plus a half-warrant. Warrants carry a CAD 0.21 exercise price with a 36-month term; initial closing expected in October 2026. Executive Chairman Guy de Selliers expected to anchor about CAD 500,000; LIFE tranche requires at least CAD 3 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Defense Metals Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202609232014CANADANWCANADAPR_C0567) on September 24, 2026, and is solely responsible for the information contained therein. (C)