Major Enhancement in Defense Metals' Rare Earth Processing Flowsheet

Enhanced Processing for Rare Earth Elements

Defense Metals Corp., a Canadian firm specializing in rare earth element production, has announced significant improvements to its hydrometallurgical processing flowsheet. These enhancements will optimize the extraction of Neodymium and Praseodymium oxides, aiming to increase their yields and overall value significantly.

Strategic Addition of SX Circuit

The standout improvement is the implementation of a solvent extraction (SX) circuit designed specifically to eliminate lower-value elements such as Cerium (Ce) and Lanthanum (La) from the mixed rare earth carbonate (MREC). Previously, the MREC contained only 14% total rare earth oxide (TREO), but with this new circuit, that figure is expected to rise to a remarkable 85%. This leap in concentration could place the MREC among the most valuable on the global market, especially compared to other existing producers.

According to Argus Media, a respected source within the industry, the enhanced MREC product’s basket value is projected to be one of the highest outside of China, reinforcing the project's substantial commercial potential.

Operational Efficiency Gains

Further benefits from this upgrade include a reduced need for product handling capacity and less mass to be transported. The significant reduction in the amount of MREC requiring separation means that the end product will be more appealing to buyers within the industry, streamlining the entire supply chain. The decision to exclude La and Ce enhances the attractiveness of this refined product, aligning well with the demands of downstream processors.

While the integration of this SX circuit will slightly elevate initial capital expenditures, the long-term benefits, including increased revenue potential and operational efficiency, are expected to far outweigh the costs associated with this upgrade.

Expert Insights on the Project

Defense Metals Corp. is confident in its new direction, with industry expert John Goode, who serves as the Company's consulting metallurgist, noting that the SX plant design is based on tried-and-true methodologies. Goode affirmed that numerous SX circuits similar to the one planned are operational worldwide, showcasing the reliability and effectiveness of this approach.

In the words of Mark Tory, President and CEO of Defense Metals Corp., "I am highly impressed with the quality of metallurgical work under John Goode's leadership, reflecting global industry standards."

The ongoing pre-feasibility study is set to incorporate the latest enhancements, further promoting the viability and attractiveness of the Wicheeda Rare Earth Element Project.

Overview of the Wicheeda REE Project

The Wicheeda REE Project spans approximately 11,800 hectares and is situated in British Columbia, Canada, specifically within the historic territory of the McLeod Lake Indian Band. The site is strategically positioned around 80 kilometers northeast of Prince George, granting excellent access via roads and proximity to critical infrastructure, including hydroelectric power lines and gas pipelines.

Geographical advantages such as access to the Canadian National Railway and major highways facilitate easy transportation to port facilities at Prince Rupert, which is the nearest significant North American port benefitting trade routes to Asia.

As Defense Metals progresses towards finalizing its flowsheet and enhancing the production aspects of the Wicheeda Project, this strategic move marks a potential turning point for the company in securing its position in the rare earth elements market. The forthcoming updates will, undoubtedly, be closely watched by industry stakeholders and investors alike.

For further details, interested parties are encouraged to visit Defense Metals Corp.'s website or reach out directly for additional inquiries.

Forward-Looking Statements

This announcement contains forward-looking statements regarding the company’s operations and market expectations. The actual outcomes could differ due to various factors, including economic conditions and regulatory changes.