VANCOUVER, BC, April 14, 2025 /PRNewswire/ – Protection Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) proclaims that it’ll factor 640,097 habitual stocks of the Corporate (the “Interest Shares”) to sure holders of fix convertible notes (the “Notes”) in complete pride of the pastime payable thereunder as of April 11, 2025 within the combination quantity of C$98,632.55 (the “Interest Payment”). The Notes mature on October 11, 2025.  Spare main points in regards to the Notes can also be discovered within the Corporate’s information drop dated October 11, 2024, which is to be had beneath the Corporate’s profile on SEDAR+ at www.sedarplus.ca.

Based on the phrases of the Notes, the Corporate will factor the Passion Stocks at a value of C$0.15409 in step with Passion Percentage being the higher of (i) the volume-weighted reasonable buying and selling worth in step with Percentage at the TSX Project Alternate (“TSXV”) for the 20 consecutive buying and selling days finishing at the appropriate Pricing Month, and (ii) the bottom worth authorized beneath the insurance policies of the TSXV. The issuance of the Passion Stocks is matter to the benevolence of the TSXV.

About Protection Metals Corp. and its Wicheeda Uncommon Earth Component Vault

Protection Metals Corp. is focussed at the building of its absolutely owned 11,800-hectare (~29,158 acre) Wicheeda Undertaking positioned at the conventional dimension of the McLeod Pond Indian Band in British Columbia, Canada.

The Wicheeda Undertaking, roughly 80 kilometres (~50 miles) northeast of the town of Prince George, is quickly available via a paved freeway and all-weather gravel roads and is similar to infrastructure, together with hydro energy transmission strains and fuel pipelines. The close by Canadian Nationwide Railway and main highways permit simple get right of entry to to the strategically positioned port amenities in Prince Rupert.

For additional knowledge, please talk over with www.defensemetals.com or touch: 

Mark Tory
President and CEO
Tel: +1 604-445-8179
Electronic mail: [email protected] 

Neither the TSX Project Alternate nor its Legislation Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Project Alternate) accepts duty for the adequacy or accuracy of this information drop.

Cautionary Observation Referring to “Forward-Looking” Knowledge

This information drop accommodates “forward‐looking information or statements” inside the which means of appropriate securities rules, which would possibly come with, with out limitation, any statements (expressed or implied) with regards to: advancing the Wicheeda Undertaking, the issuance of the Passion Stocks and alternative issues. Ahead-looking statements are usually recognized via phrases reminiscent of “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and alternative homogeneous phrases and expressions, however the absence of those phrases does no longer ruthless {that a} commentary isn’t forward-looking. All statements on this information drop, alternative than statements of ancient details, that cope with occasions, contribution or tendencies that the Corporate expects to happen, are forward-looking statements.  Even supposing the Corporate believes the expectancies expressed in such forward-looking statements are according to cheap suppositions, such statements don’t seem to be promises of date efficiency and latest effects would possibly vary materially from the ones within the forward-looking statements. Such statements and knowledge are according to diverse suppositions relating to provide and date trade methods and the shape by which the Corporate will perform going forward, together with the cost of uncommon earth parts, the predicted prices and expenditures, the facility to reach its objectives, that common trade and financial statuses won’t trade in a subject material adversarial method, that financing can be to be had if and when wanted and on cheap phrases. Such forward-looking knowledge displays the Corporate’s perspectives with admire to date occasions and is matter to dangers, uncertainties and suppositions, together with the hazards and uncertainties with regards to the translation of exploration and metallurgical effects, dangers homogeneous to the inherent suspicion of exploration and building and price estimates, the potential of surprising prices and bills and the ones alternative dangers filed beneath the Corporate’s profile on SEDAR+ (www.sedarplus.ca). Past such estimates and suppositions are regarded as cheap via the control of the Corporate, they’re inherently matter to important trade, financial, aggressive and regulatory uncertainties and dangers. Components that might purpose latest effects to vary materially from the ones in ahead searching statements come with, however don’t seem to be restricted to, persisted availability of capital and financing and common financial, marketplace or trade statuses, adversarial climate and surrounding statuses, failure to preserve or download all vital executive allows, approvals and authorizations, failure to preserve or download society acceptance (together with First International locations), dangers with regards to unanticipated operational difficulties (together with failure of apparatus or processes to perform based on specs or expectancies, value escalation, unavailability of workforce, fabrics and kit, executive motion or delays within the receipt of presidency approvals, commercial disturbances or alternative task motion, and unanticipated occasions homogeneous to fitness, protection and environmental issues), dangers with regards to faulty geological, metallurgical, engineering and pricing suppositions, trim in the cost of uncommon earth parts, the have an effect on of viruses and sicknesses at the Corporate’s skill to perform, restriction on labour and global walk and provide chains, lack of key workers, experts, officials or administrators, building up in prices, not on time effects, litigation, and failure of counterparties to accomplish their contractual responsibilities. The Corporate does no longer adopt to replace ahead–searching statements or ahead–searching knowledge, excluding as required via legislation.

SOURCE Protection Metals Corp.