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Defense Metals Corp. (DFMTF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.1772-0.0028 (-1.56%)
At close: 03:16PM EST
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  • J
    Jeff
    The elephant in the room is how will they proceed with developing processing capabilities now that the Chinese are prohibited from working with foreign companies? Selling untreated ore concentrate is simply not economic/profitable. Any company that realistically wants to go into production must be able to offer pure rare earth oxides to the market. Maybe even REE metal alloys like neodymium metal alloy which is used to make electric motors for EVs. On the topic by Jack Lifton; https://investorintel.com/markets/technology-metals/technology-metals-intel/welcome-to-the-future-critical-metals-ventures-discover-reality/
  • D
    Dariusz
    China prohibits foreign investors from entering rare-earth mining areas or obtaining relevant data, samples or production process technology (Dec 27); https://www.globaltimes.cn/page/202112/1243515.shtml ------ does that mean Defense just lost their collaboration partner on REE refining technology? If so that is a big hit! If you can't refine your ore you have very little as profit on ore itself is very slim. Money from REEs is made upstream with refined oxides and ree metal alloys.
  • J
    Jeff
    All are invited to join Search Minerals Discord group for latest info, REE industry developments and discussion; https://discord.gg/E5uBPbzazP
  • d
    denis
    not much going on with defn
    whats up with that
  • J
    Jeff
    Management got really exposed with this PEA. After trying so hard to portray an image that Defense is designed to cater to the US and the 'allied supply' of REEs we see that for the first four years of production Defense will be selling concentrates only. Anybody that knows just a little about REEs knows that there is no refining capacity either in Canada or the US. Any new refining facilities that will come online are already the property of competition and/or are associated with competition via off-take, MOUs and other negotiated deals. And so Defense is now officially planning to sell concentrates to CHINA for refining. LOL!! And so instead of catering to the allied network Defense will sell to the biggest 'enemy' and competitor that the 'allied supply' is trying to eliminate. My gosh. Defense should have partnered up with other juniors and companies that have refining tech or are actually working on it long time ago. Defense should have teamed up with the SRC long time ago. So Defense figures that they are 6 to 7 years away from being able to process their own product from ore, to concentrate to oxides. 6-7 years!
  • D
    Douglas
    I swear this has all the attributes of a pump and dump. Those 0.20 warrants appear to be a problem.
  • J
    Joe
    Just came across this hidden little gem (pun intended). Are you all "day" trading this? This thing is very intriguing. What are your all's plays with it? Thanks.
  • D
    Dariusz
    Folks should look at a Junior in Rare Earths - Search Minerals. They are advancing towards production and will be reporting on their 7000m drill within days. Then by mid December updated 43101 followed by updated PEA in Q1 '2022. Their SP is set for a big surge. Check out their recent news releases and media coverage for your dd. Here is a link for Search Discord group that has a lot of good info from the last little while; https://discord.gg/R5n46QDg
  • J
    Joe
    Also, does anyone ever get stuck on a low volume day?
  • n
    nickyd
    With the projected revenue, I don't see that a BO for 150m is unreasonable...
  • C
    CHARLES
    I just recently purchased 999,000 shares, just under One Million shares. I feel that the future in rare earth and minerals is very encouraging. I also own shares in other similar companies. With the PUSH for clean AIR and going ELECTRIC (Batteries) these companies nave a great future.
  • C
    CHARLES
    I just bought 1,000.000 (one million) shares. My portfolio has other rare earth and ground minerals stock. The future is ELECTRIC and BATTERY solutions to clean air and reduced pollution.
  • d
    denis
    so what will this week bring to defn....
  • C
    CHARLES
    Still VERY BULLISH. The future will be very PROFITABLE...
  • L
    Looking for Doubles
    added more shares today - With MP reporting next week, I think we are about to start climbing again
  • W
    William
    I picked this stock up a couple of weeks ago and very happy I did. Also recommend Appia Energy for rare earth out of Saskatchewan and Lynas rare earth OTC US exchange. Lynas has the largest rare earth processing facility outside of China. Rare earths are more critical then ever!
  • D
    Dariusz
    $SMY.V conversation
    China increases REE production quotas by 20%. Supplies of feed-stock in China run try as problems in Myanmar persist. Does that mean market prices will go up even higher?

    https://www.reuters.com/business/energy/china-hikes-2021-rare-earth-quotas-by-20-record-highs-2021-09-30/

    #SHCMF #IMPNF #APAAF #VTMXF #CNYCF #CMRZF #ASWRF #DFMTF
  • L
    Looking for Doubles
    Looks like a blue light special to me - continuing to add
  • n
    nunu
    I’m gettin in. Try my luck. Looks like very important metals for country’s security civil or military. Let’s go.
  • n
    nunu
    Barchart opinion on DFMTF is 100% buy. Go check it.