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Defense Metals Announces Landmark Memorandum of Understanding with Sinosteel MECC for Information Sharing, Beneficiation Testwork, and Investigation into Establishing a Large-Scale Pilot Plant at the Wicheeda Rare Earth Property
Defense Metals Announces Landmark Memorandum of Understanding with Sinosteel MECC for Inf...
About this update from Defense Metals Corp.
[{"type":"text","content":"\n \n \n \n Defense Metals Announces Landmark Memorandum of Understanding with Sinosteel MECC for Information Sharing, Beneficiation Testwork, and Investigation into Establishing a Large-Scale Pilot Plant at the Wicheeda Rare Earth Property\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 10, 2021\n \n /CNW/ - Defense Metals Corp. (\"\n \n Defense Metals\n \n \" or the \"\n \n Company\n \n \") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce the execution of a non-binding Memorandum of Understanding (\"\n \n MOU\n \n \") with Sinosteel Equipment & Engineering Co., Ltd (\"\n \n Sinosteel MECC\n \n \"), a subsidiary of Sinosteel Corporation, consisting of information sharing, beneficiation testwork and potential concentrator design research cooperation, and an investigation into the establishment of an on-site large-scale pilot plant at the Wicheeda Rare Earth Property (\"\n \n Wicheeda\n \n \") to assess the economic and technical feasibility of full-scale mine development.\n \n \n \n \n \n \n \n \n \n Pursuant to the MOU, areas of cooperation between the Parties are as follows:\n \n \n \n Defense Metals will share Wicheeda project information with Sinosteel MECC including but not limited to:\n \n \n \n Mine development,\n \n \n Permitting and licences,\n \n \n Transport logistics,\n \n \n Project financing,\n \n \n Cash cost analysis, and\n \n \n Situational updates.\n \n \n Sinosteel MECC will share with DEFN its experience in the rare earths industry relating to beneficiation, Engineering Procurement Construction (\"\n \n EPC\n \n \") and EPC financing, and other general knowledge including pricing, costs, and other relevant matters in the rare earth element...