Defense Metals Launches Private Placement Financing Aiming for Up to $15 Million in Gross Proceeds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2025
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Should l Buy ?
Source: Yahoo Finance
Private Placement Announcement: Defense Metals Corp. plans to raise up to $15 million through a private placement, consisting of a brokered offering of up to 33,334,000 units and a non-brokered offering of up to 16,666,667 units, with proceeds aimed at advancing their Wicheeda Rare Earth Element project.
Warrant Details and Agent Compensation: Each unit includes a common share and a warrant, with an exercise price of $0.45. The company will pay agents a 7% commission on the brokered offering and provide compensation options for additional shares, while also allowing for potential insider participation in the offering.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
