Defense Metals plans up to $6 million private placement to advance Wicheeda rare earths project
Bitget2026/09/24 00:15- Defense Metals launched a non-brokered private placement targeting up to CAD 6 million to advance the Wicheeda rare earths project toward feasibility.
- Terms set at CAD 0.14 per unit for up to 42,857,142 units, each with one share plus a half-warrant.
- Warrants carry a CAD 0.21 exercise price with a 36-month term; initial closing expected in October 2026.
- Executive Chairman Guy de Selliers expected to anchor about CAD 500,000; LIFE tranche requires at least CAD 3 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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