Defense Metals (TSXV: DEFN) Drills 3.81% Total Rare Earth Oxide (TREO) Over 117 Meters, including 4.87% TREO Over 38m at Wicheeda

The results are back for six additional diamond drill holes totalling 879 meters from DEFN’s 29-hole, 5,349-meter program. The findings are highly prospective with significant intervals of high-grade dolomite carbonatite. Further, the total rare earth oxide (TREO) rates for the six additional holes came back with percentages that bode well for the future of the project. With TREOs ranging from 1.41% over 169 meters to 4.33% over 38.8 meters, and 4.87% over 37.5 meters, the overall findings returned higher-grade dolomite carbonatite intercepts that exceeded the extent of the geological model for the area. With these positive findings, DEFN is excited to move forward with exploration efforts at the Wicheeda Project. 

For more details about the results, disclosures and other information, please read DEFN’s recent full news release below.

Monumental Minerals Corp. (TSXV: MNRL) Receives TSXV Approval for the Salar de Laguna Blanca, Chile Cesium Sediment-Lithium Brine Project and Closes Financing

TSX Venture Exchange (TSX.V) has approved Monumental Minerals Corp. (MNRL) to acquire upto 75% of the 5200-hectare Salar De Laguna Blanca project from Lithium Chile, Inc. The Laguna Project is located within the prolific lithium triangle, a zone within the central Andes high desert that includes Chile, Argentina, and Bolivia. This zone is estimated to contain more than half of the world’s lithium supply beneath the many salt flats, also known as salars, that are common to the region. To further this acquisition, MNRL has closed funding on its non-brokered private placement for gross proceeds of $5M (11,111,111 units of MNRL) at $0.45 per unit. Jamil Sader, Monumental’s CEO commented, “After the recently completed site visit to the Laguna project, we are excited to plan the next phase of work to be completed on this project. In addition, we will be visiting the Jemi Rare Earth Elements project in Mexico in the coming weeks.”

Purpose ESG Completes Investment in Nauticol Energy

Purpose ESG (PESG) is making moves in its commitment to build a portfolio of technology companies that support positive environmental, social, and governance outcomes and improvements with the completion of its investment in Nauticol Energy Ltd. Headquartered in Calgary, Alberta, Nauticol is on track to become the world’s first major net-zero methanol producer. A clear, odorless liquid that is both biodegradable and water soluble, methanol has the potential to significantly reduce CO2 emissions and assist in cleaning up global marine fuel damage. Nauticol’s net-zero methanol will be produced with integrated carbon capture and sequestration (CCS) to permanently store CO2 emissions deep underground.

Get more details about the investment and Nauticol’s environmental efforts in PESG’s recent press release.

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