#Canada #Vancouver #Defense Metals #Wicheeda REE #AGM Results

Defense Metals Corp. Annual General Meeting Results

On December 18, 2024, Defense Metals Corp. held its annual general meeting (AGM) with significant outcomes for shareholders and company strategy. The meeting, conducted in Vancouver, British Columbia, offered insight into the company’s governance decisions and future projects, primarily focusing on the Wicheeda Rare Earth Element Project.

Board of Directors Decisions

One of the significant resolutions approved during the AGM was establishing the board of directors' size at five members. Shareholders overwhelmingly cast their votes in favor of the nominees, with the following results:

• - Guy de Selliers de Moranville: 80,670,593 votes (98.76% approval)
• - Dr. Luisa Moreno: 75,825,040 votes (92.82% approval)
• - Dale Wallster: 75,825,402 votes (92.82% approval)
• - P.E. Ted Kavanagh: 81,760,691 votes (99.98% approval)
• - Suzanne Rich Folsom: 81,670,581 votes (99.98% approval)

These results highlight a strong confidence among shareholders in the current members' capabilities to lead the company effectively.

Appointment of Auditors and Incentive Plans

The AGM also saw the approval of Crowe MacKay LLP as the auditor for the upcoming fiscal year, reflecting the company’s commitment to maintaining transparency and financial integrity.

Additionally, shareholders authorized the board to set the remuneration for the auditor, ensuring that the accounting practices remain robust. Another significant approval came in the form of a new 10% rolling omnibus incentive plan, which aims to attract and retain talented personnel essential for the company’s growth.

The Wicheeda Rare Earth Element Project

Defense Metals Corp. is deeply invested in the development of its Wicheeda REE Project. This project spans approximately 11,800 hectares and is situated on the traditional lands of the McLeod Lake Indian Band in British Columbia. The project's geographical advantages include proximity to paved highways and essential infrastructure such as power lines and pipelines, which are crucial for mining operations.

Located about 80 kilometers northeast of Prince George, the Wicheeda site is well-positioned for logistics, leveraging existing transport routes to facilitate access to major ports, including Prince Rupert—North America’s nearest port to Asia.

With the AGM results signaling robust shareholder support and strategic planning, Defense Metals Corp. is poised to enhance its operations at the Wicheeda project. The company aims to advance its initiatives in the rare earths sector, essential for various technology and energy applications, particularly as demand for these materials surges globally.

Moving Forward

The outcomes of the AGM reflect a clear vision and confidence in Defense Metals’ trajectory. As the company moves into 2025, it appears committed to executing its plans with transparency and operational efficiency. Stakeholders are hopeful that these developments will yield favorable results, positioning Defense Metals as a critical player in the rare earth elements market.

For more information about Defense Metals Corp. and updates on the Wicheeda project, interested parties can visit their official website. Direct inquiries can also be made through their senior vice president, Alex Heath, at +1 604-354-2491 or via email.

In summary, the AGM results signify not just governance decisions but a critical juncture for Defense Metals Corp. as it gears up for future growth while continuing to engage with shareholders positively and transparently.