Defense Metals' Mark Tory on Wicheeda's Hydromet Pilot, Federal Grants, and Chasing a Re-Rating Catalyst in Rare Earths

Defense Metals President and CEO Mark Tory returns to Mining Stock Daily with an update on the Wicheeda Rare Earth Project in British Columbia. Since April, the company completed winter and spring drilling, ran a 30-ton beneficiation pilot, and moved into hydromet testing to produce a separated NdPr oxide in-house rather than sell bulk concentrate. Tory covers a $250 million EDC letter of interest, a $32 million federal grant application now in full review, and an ongoing MOU with Hanwha despite losing Canada's submarine contract to Germany. He also addresses the stock's underperformance and Chairman Guy de Selliers' network.