DFMTF Profile — Defense Metals Corp
Defense Metals is engaged in the acquisition and exploration of mineral properties on rare earth metals in British Columbia. Co.'s objective is to successfully earn into its key mineral project and locate and develop this project into an economically viable mineral property. Co. is primarily a junior exploration company with no revenues from mineral producing operations. The recoverability of amounts shown for the mineral property and related deferred exploration expenditures is dependent upon the discovery of economically recoverable reserves, the ability of Co. to obtain necessary financing to complete the exploration of the property, and upon future profitable production.