DEFENSE METALS, NORDEX, VARTA – THESE ARE THE REASONS FOR THE RISING PRICES!
Rare earths are indispensable for the production of laptops, cell phones, electric motors and wind turbines. However, their extraction is complicated, which is why the supply is also relatively low. The EU has classified many of these metals as critical with regard to their availability given their great importance for many industries, also because of China’s dominance as the largest supplier. Efforts to build rare earth mines outside China are proceeding at full speed.
DEFENSE METALS CORP – DRILLING PROGRAM ACCELERATED
Canadian exploration Company Defense Metals is developing the Wicheeda Rare Earth Project, covering about 1,700 hectares in British Columbia. Past drill programs from 2019 delivered good results. For example, indicated mineral resources are 4.89 million tonnes at an average grade of 3.02% light rare earth elements (LREO) and suspected mineral resources of 12.1 million tonnes at an average grade of 2.90% LREO. The 2021 drill program, with a planned total length of 2,000 to 5,000m, is well underway.
Since the drilling campaign began less than four weeks ago, over 1,500m has already been completed in eight diamond drill holes. Now the Company announced it will deploy a second drill rig. The aim is to use it to drill infill holes in the central area of the deposit.
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