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News 2026-10-16 22:02 UTC

Defense Metals raises C$ 3.65 million to advance Wicheeda rare earth project

Defense Metals closed the first tranche of its private placement on Oct. 16, 2026, raising approximately C$ 3.65 million. Net proceeds will advance the wholly owned Wicheeda rare earth project in British Columbia, including feasibility work, and fund general corporate purposes. The tranche comprised 38,994,395 units pr