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Defense Metals invited to submit proposal for C$32M rare earth project funding by Canadian government

Market News
12 Aug 2026
PRNewsWire
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Bullish
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Defense Metals Corp. has been invited by Natural Resources Canada to submit a full project proposal for up to C$32 million in funding to advance its Wicheeda Rare Earth Element Project in British Columbia. This invitation follows an expert review of the company's initial expression of interest and signals potential government support for developing critical mineral supply chains in Canada. The funding would support feasibility studies and pilot-scale work on rare earth processing technologies, addressing a strategic gap in Canada's midstream rare earth capacity. The project aims to supply critical rare earth elements essential for defense, technology, and clean energy sectors, with further studies and approvals needed before production can begin.

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