/PRNewswire/ The U.S military, with almost 3 million personnel, 4,800 defense sites on seven continents and an annual budget of more than USD 700 Billion,.
National Interest in Minerals and Rare Earth Elements Grows
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NEW YORK, May 13, 2021 /PRNewswire/ The U.S. Department of Defense (DOD) uses about 750,000 tons of minerals each year. In fact, minerals are among the most important components that make up various technologies, and according to data published by the National Mining Association, copper is the second most used mineral by the DoD. Copper can be found in naval vessels, Coast Guard ships and Air Force aircrafts. Meanwhile, silver can be found in the Army s Apache helicopters, and molybdenum is used in armor plating for vehicles, missiles and aircrafts. The mineral beryllium, the only material designated as both strategic and critical to the nation by the DoD, is used to reduce weight and improve guidance performance in fighter jets, surveillance satellites and NASA technologies such as the mirrors on the James Webb Space Telescope. Defense Metals Corp
#post contentDefense Metals Corp. (OTCQB: DFMTF) (TSX-V: DEFN) (FSE: 35D) is pleased to provide an update regarding its ongoing pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company's highly successful 26-tonne flotation pilot-plant that yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium)1.
Kestrel Gold Inc. Announces Closing of Private Placement
April 28, 2021 / Kestrel Gold Inc. (the
Corporation ) (TSXV:KGC) announces that it closed its non-brokered private placement of a combination of Common Share Units and Flow-Through Units, as defined below (collectively the
Units ), and raised gross proceeds of $1,200,000.08 (the
Offering ) as follows:
9,560,000 common share units (
Common Share Units ) issued at a price of $0.10 per Common Share Unit for gross proceeds of $956,000. Each Common Share Unit consists of one common share (
Common Share ) and one-half of one common share purchase warrant (each whole warrant called a
Warrant ), with each Warrant entitling the holder to acquire, for a period of 24 months from the date of issue at a price of $0.20 per common share for the first 18 months and at a price of $0.25 per common share thereafter; and
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