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Rare Earth Elements: Our Green Energy Technology Future is in Its Mining
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - September 8, 2022) - Inves...
About this update from Defense Metals Corp.
[{"type":"text","content":"Rare Earth Elements: Our Green Energy Technology Future is in Its MiningVancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - September 8, 2022) - Investorideas.com, a leading investor news resource covering mining and rare earth element stocks releases a special report on the rare earth elements market and the global demand for green energy technology including defense, electronics and batteries, featuring Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF).Read the full article on Investorideas.comhttps://www.investorideas.com/News/2022/mining/09080REE.aspAs per The Business Research Company's \"Rare Earth Metals Global Market Report 2022\", the rare earth metals market size is expected to grow from $5.72 billion in 2021 to $6.53 billion in 2022 at a compound annual growth rate (CAGR) of 14.1%. The global rare earth metal market share is expected to grow to $9.65 billion in 2026 at a CAGR of 10.3%. According to the rare earth metals market analysis, an increase in the demand for electronics is expected to serve as a major driver of the market in the forecast period.Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals recently announced that it has entered into a Mineral Exploration Agreement with the McLeod Lake Indian Band regarding its Wicheeda Rare Earth Element exploration project located 80 kilometres northeast of Prince George, Canada. The Agreement addresses the immediate interests of the parties with respect to mineral exploration activities related to the project, and puts into place a framework for communication and cooperation going forward. In addition to providing McLeod Lake Indian Band with meaningful input into how these activities are to proceed, the Agreement provides current economic opportunities for the community and establishes a roadmap for potential future commercial involvement as the exploration activities advance.\"We are delighted to have the McLeod Lake Indian Band engaged with Defense...