Connect with us

Energy & Critical Metals

Defense Metals applauds the decision to build a REE processing plant in Saskatchewan

 
Defense Metals (DEFN.V) saw an important piece of the rare earth processing puzzle fall into place when the government of Saskatchewan announced it will make C$31M in funding available for […]

Share this article:

Published

on

This article was originally published by Caesars Report

Defense Metals (DEFN.V) saw an important piece of the rare earth processing puzzle fall
into place when the government of Saskatchewan announced it will make C$31M in funding
available for a REE processing facility to be owned and operated by the
Saskatchewan Research Council. This could potentially be important for Defense
Metals as the company’s current plan is to produce a mineral concentrate on its
Wicheeda REE project in British Columbia. As a mineral concentrate only has a
payability of 20-25 cents on the dollar, additional upgrades will be necessary
to improve the economics. According to the release of the government of
Saskatchewan, the plant will take care of the second value-add step as it plans
to have a pure REE end product. This will obviously still takes time, and
Defense Metals will very likely keep a close eye on the developments in
Saskatchewan as it would be pretty easy to just ship the mineral concentrate on
a train to Saskatchewan.

Defense also completed the final run of the
summer metallurgical test program where 20 test runs have now been completed to
process 26 tonnes that were taken as a representative sample from the Wicheeda
deposit. The average grade of the end product had 51.6% Light Rare Earth Oxides
while a recovery rate averaging 72.4% (but up to 81.5%) was observed. It was
interesting to see the final batch of met work was focusing on using lower
temperatures to recover as much of the REEs, a move that could potentially
reduce the operating expenses for Defense Metals.

With the updated resource estimate (almost 5 million tonnes of rock in the indicated resource with an additional 12 million tonnes in the inferred resource category) and the metallurgical test work now completed, Defense Metals will now focus on a PEA.


Disclosure: The author has a long position in Defense Metals.

ree
rare earth oxides
v

Share this article:

Energy & Critical Metals

Vision Energy Inc., (OTCMKTS: VIHDD) Marches Past $14 on Heavy Volume

Vision Energy Inc., (OTCMKTS: VIHDD) has had a November to remember rocketing up the charts from just over $2 at the start of the month to highs of $19.01…

Share this article:

Continue Reading
Energy & Critical Metals

Power Nickel encouraged by Quebec drill results

Power Nickel Inc. [PNPN-TSXV, CMETF-OTCQB] on Monday said initial results from drilling at its Nisk…

Share this article:

Continue Reading
Companies

Five Top Ways to Invest in Nickel’s Expected Fourfold Growth

Global demand for nickel could grow fourfold over the next few decades, according to the BHP Group, as noted by Bloomberg. In fact, “The world’s biggest…

Share this article:

Continue Reading

Trending