https://www.miningweekly.com
Africa|Financial|flotation|Mining|PROJECT|Projects
Africa|Financial|flotation|Mining|PROJECT|Projects
africa|financial|flotation|mining|project|projects

Defense Metals appoints adviser to review Wicheeda REE funding

19th March 2024

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Defense Metals has appointed HCF International Advisers to conduct a strategic funding review for the Wicheeda rare earth element (REE) project, in British Columbia.

The strategic funding review will assist Defense Metals in analysing potential options and strategic partnerships for the project beyond the completion of its preliminary feasibility study (PFS), expected in the second quarter.

“Following our PFS, as we navigate the dynamic landscape of the metals and mining sector, having HCF's expertise on board will be instrumental in evaluating and pursuing optimal funding and strategic partnership opportunities, especially in Europe,” said CEO Craig Taylor.

HCF is led by president and cofounder Guy de Sellier de Moranville and CEO and MD Sean Gorman. The London-based boutique advisory’s expertise in the financing of internationally recognised mining projects and, in particular, critical minerals, is evidenced by its involvement as financial adviser to projects in Canada, Africa and in particular to Arafura Rare Earths Limited on the financing of the Nolans project in Australia.

Defense Metals in November 2021 announced a positive preliminary economic assessment (PEA) for the Wicheeda project. The PEA envisages a 1.8-million-tonne-a-year openpit mining operation over a 19-year mine life.

Material from the Wicheeda deposit will be processed in a flotation concentrator to produce a flotation concentrate that will be further processed at the hydrometallurgical plant.

Average rare earth oxide production is estimated at 25 423 t/y.

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
Updated 7 hours ago

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.132 0.169s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: