Protection Metals Appoints Ali Mahdavi as SVP Company Improvement, and grants incentive inventory choices

Protection Metals Corp. (TSXV: DEFN,OTC:DFMTF) (“Protection Metals” or the “Firm”), is happy to announce the appointment of Ali Mahdavi as Senior Vice President, Company Improvement and the granting of incentive inventory choices to staff and administrators who’ve not too long ago joined Protection Metals.

“As we proceed to advance our Wicheeda important minerals undertaking, we’re delighted with the addition of Ali to the Protection Metals administration crew.” mentioned President and CEO, Mark Tory. “Ali’s position will concentrate on maximising our publicity to traders and analysts, and figuring out, evaluating and executing company alternatives for Protection. Ali has an unparalleled depth of expertise all through the complete uncommon earth component worth chain and might be a key addition for Protection Metals as we transfer ahead.”

“I’m thrilled to hitch Protection at a cut-off date when Essential Minerals and Uncommon Earth Factor tasks are taking centre stage on the political and financial agendas of nations throughout the globe.” mentioned Mr. Mahdavi. “The event of Wicheeda is nicely superior, with a rising crew and a robust Preliminary Feasibility Research accomplished. This locations Protection Metals in a superb place at a time when Canada and the U.S. are accelerating their plans to safe the home provide of those important minerals. I’m wanting ahead to serving to Protection discover the suitable markets, and the suitable companions, to advance Wicheeda. I look ahead to participating with our shareholders and the broader capital markets, and speaking our plans and techniques as we proceed to reinforce the worth of Protection Metals Corp.”

Mr, Mahdavi has over 30 years of expertise within the capital markets specializing in the uncommon earth business. Mr. Mahdavi is the Founder and Managing Director of Spinnaker Capital Markets Inc., a Toronto primarily based capital markets advisory agency with a 20-year observe document in charting long run success for personal and public corporations in quite a lot of sectors specializing find development capital, mergers and acquisitions, and investor relations. Previous to becoming a member of the Protection Metals crew, Mr. Mahdavi was SVP, Company Improvement and Capital Markets at Neo Efficiency Supplies, the place he spent greater than 20 years working carefully with the board and administration crew to efficiently entry capital and establish funding options to develop the enterprise, and advising on M&A methods. Mr. Mahdavi attended York College the place he studied Economics and Enterprise and began his profession on the Financial institution of Nova Scotia and the Canadian Imperial Financial institution of Commerce.

Granting of Incentive Inventory Choices

The Firm is granting 2,675,000 incentive inventory choices (“Choices”) to administrators, officers and consultants of the Firm, topic to TSX Enterprise Change approval. Every Choice permits the holder to buy one widespread share of Protection Metals for 5 years at a value of C$0.30 per widespread share, in accordance with the phrases of the Firm’s inventory possibility plan and topic to sure vesting provisions.

Man de Selliers, Govt Chairman of the Firm, said: “As we proceed to speed up the event of Wicheeda, it’s important that we additionally recognise and incentivise our rising administration crew at Protection. Following the appointment of Mark Tory as CEO in January 2024, we now have been capable of assist him with the addition of excessive calibre workers within the areas of finance, sustainability, governance, and company growth together with strengthening our Board with the appointment of MaryAnn Crichton.”

About Protection Metals

Protection Metals Corp. is concentrated on the event of its 100% owned, 11,800-hectare (~29,158-acre) Wicheeda Uncommon Earth Factor (REE) deposit that’s positioned on the normal territory of the McLeod Lake Indian Band in British Columbia, Canada.

The Wicheeda Venture, roughly 80 kilometres (~50 miles) northeast of town of Prince George, is quickly accessible by a paved freeway and all-weather gravel roads and is near infrastructure, together with hydro energy transmission traces and fuel pipelines. The close by Canadian Nationwide Railway and main highways enable easy accessibility to the port services at Prince Rupert, the closest main North American port to Asia. The Firm not too long ago accomplished a Preliminary Feasibility Research (PFS) that demonstrated the sturdy economics of the undertaking.

For additional data, please go to www.defensemetals.com or contact:

Mark Tory
President and CEO
Tel: +1 604-445-8179
Electronic mail: mark@defensemetals.com

Warning Relating to Ahead Trying Statements:

Sure of the statements made and knowledge contained herein is “forward-looking data” inside the which means of Nationwide Instrument 51-102 – Steady Disclosure Obligations of the Canadian Securities Directors. These statements and knowledge are primarily based on info at present obtainable to the Firm and there’s no assurance that precise outcomes will meet administration’s expectations. Ahead-looking statements and knowledge might also be recognized by such phrases as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “might”, “will”, “may” or “would”. Whereas the Firm considers its assumptions to be cheap as of the date hereof, forward-looking statements and knowledge usually are not ensures of future efficiency and readers mustn’t place undue significance on such statements as precise occasions and outcomes might differ materially from these described herein. There may be no assurance that such data will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such data. Accordingly, readers mustn’t place undue reliance on forward-looking data. The forward-looking statements on this information launch embody with out limitation, statements with respect to the final word measurement of the Providing, the Firm assembly all situations for a well timed closing of the Providing, together with acquiring all required approvals, the proposed use of proceeds of the Providing, the completion of the Concurrent Providing, the completion of the Debt Settlements and the proposed cut-off date of the Providing, amongst others. All forward-looking data contained on this press launch is given as of the date hereof, and relies on the opinions and estimates of administration and knowledge obtainable to administration as of the date hereof. The Firm disclaims any intention or obligation to replace or revise any forward-looking data, whether or not because of new data, future occasions, or in any other case, besides as could also be required by relevant securities legal guidelines.

Neither the TSXV nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this launch.

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