Welcoming a New Partner: Defense Metals Corp (TSXV: DEFN)
I recently had a Zoom meeting with management of Defense Metals Corp and am bringing the company on as a banner sponsor of The Hedgeless Horseman.
Defense Metals owns an advanced Rare Earth Element (REE) project in British Columbia, Canada. I will admit that I am not that knowledgeable when it comes to REE deposits but I think it is quite an intriguing story given the favorable demand trend as well as strategic shift going on…
To quote Bob Moriarty:
“The US realizes that a safe and secure supply of Rare Earths from outside China is mandatory. The Federal Government has already defined Rare Earths as critical resources. A bill in Congress today calls for changing the tax deductions for mining companies in the US of Rare Earths and creates a $50 million fund to help junior companies out. That’s just in the US but one day soon they will figure out that the US just doesn’t have much in the way of REE but Canada has a bunch.”
Food For Thought: VanEck Vectors Rare Earth/Strategic Metals ETF…
Articles for additional DD on the opportunity in Rare Earth Elements:
- https://news.financial/comments/lynas-rare-earths-defense-metals-arafura-resources-rare-earths-still-in-time-to-get-in-before-the-boom
- https://www.insidermedia.com/news/yorkshire/plans-in-for-125m-rare-earth-processing-facility
- https://news.financial/comments/lynas-rare-earths-defense-metals-arafura-resources-rare-earths-still-in-time-to-get-in-before-the-boom
- https://www.argusmedia.com/en/news/2179542-lynas-to-build-rare-earths-plant-in-us-correction
Expect a piece on Defense Metals in the future.
Best regards,
Erik Wetterling / The Hedgeless Horseman
