Fundz

Defense Metals Closes Private Placement Financing

PRIVATEApr 05, 2022

Round Type

Post-IPO Equity

VancouverOtherMining

Description

Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV:DEFN) (OTCQB:DFMTF) (FSE:35D) is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") for gross proceeds of $4,558,049.57, consisting of 6,340,057 flow-through common shares of the Company (each, a "FT Share") at a price of $0.35 per FT Share and 8,996,267 units of the Company (each, a "Unit") at a price of $0.26 per Unit.

Quick answer

Defense Metals raised an undisclosed amount in a Post-IPO Equity round, dated April 5, 2022. Defense Metals is based in Vancouver, British Columbia, Canada.

How much did Defense Metals raise?
Defense Metals raised an undisclosed amount in a Post-IPO Equity round on April 5, 2022.
What does Defense Metals do?
Defense Metals is advancing its 100% owned Wicheeda project near Prince George, BC.
Where is Defense Metals based and how big is it?
Defense Metals is based in Vancouver, British Columbia, Canada. Fundz records about 4 employees.
Who are the decision-makers at Defense Metals?
Fundz holds 1 contact at Defense Metals. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mining around the same time

Companies in the same sectors as Defense Metals that raised within 45 days of this round, from Fundz verified event records.

  • Pampa Metals raised $53K (Pre-Seed) on May 20, 2022.
  • Sterling Metals raised $290K (Seed) on May 18, 2022.
  • Alaska Silver Corp. raised $1.5M (Seed) on May 17, 2022.
  • Westward Gold raised $105K on May 13, 2022.
  • Avalon Advanced Materials raised $2.3M (Seed) on May 12, 2022.
  • Viva Gold raised $1.8M (Seed) on May 10, 2022.

Who to call at Defense Metals, and when

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Company Information

Company

Defense Metals

Location

Vancouver, British Columbia, Canada

About

Defense Metals is advancing its 100% owned Wicheeda project near Prince George, BC. The 11,800 ha project has the potential to be a globally significant rare-earth producer, with strategic access to key infrastructure. The completion of the Pre-Feasibility Study positions Wicheeda as one of the most advanced undeveloped rare earth projects in North America and Europe. The project represents a world-class opportunity in the critical metals space.

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Related People

1 contact
Verified contacts15 people are listed at Defense Metals. We don't have their email yet.See plans and pricing
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Defense Metals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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