Defense Metals drills 2.86% TREO over 65 m at Wicheeda

Canada NewsWire

VANCOUVER, BC , Aug. 31, 2026 /CNW/ -- Defense Metals Corp. (" Defense Metals " or the " Company "); (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) is pleased to announce assay results for an initial eleven core drill holes, totalling 1,633 metres (m), completed during spring 2026 at its 100% owned Wicheeda Rare Earth Project (the "Wicheeda Project") located near Prince George, Canada.

Robin Jones, Defense Metals VP Projects, commented: "We're exceptionally pleased that all eleven drill holes reported in today's news release intersected significant widths of high to moderate grade Rare Earth Element mineralization within the pit confines defined by the 2025 Preliminary Feasibility Study and are expected to contribute positively to a resource classification uplift."

Highlights of this season's drill program include:

Resource infill drill hole WI26-96 was collared in sedimentary rocks and drilled towards the Wicheeda Deposit. This hole intersected REE mineralized mixed xenolithic dolomite carbonatite rock that returned assays of 2.86% Total Rare Earth Oxide ("TREO") over 65 m; including a higher-grade interval averaging 6.15 % TREO over 20.3 metres (see Table 1 and Figure 1).

Collared from the same setup, drill hole WI26-93, cutting obliquely across the southern margin of the Wicheeda Deposit, yielded a broad intersection of mixed xenolithic and dolomite carbonatite grading 1.70% TREO over a 184 m interval ; including 2.52% TREO over 57 m .

Drill holes WI26-100 and WI26-102 , collared 100 m to the northwest of WI26-93, were oriented southwest and southeast, respectively, drilling outward from inside the Wicheeda Deposit. WI26-100 collared into REE mineralized dolomite carbonatite averaged, from surface, 2.40% TREO over 85 m; within a broader mineralized zone returning 1.55% TREO over 149 m . Dr