Article

Defense Metals' Wicheeda project has garnered increased attention amid a global rare earth supply shortage, particularly as export restrictions are set to begin in early 2026. The project, the only undeveloped rare earth deposit in North America with proven reserves, is supported by a potential financing agreement of up to $250 million from Export Development Canada. With plans to initiate a Definitive Feasibility Study in the first half of 2026, Defense Metals aims to address domestic supply gaps following China's recent lifting of export restrictions on strategic materials.