Defense Metals Appoints New CFO
Press Release
Vancouver, British Columbia – June 10, 2025: Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce the appointment of David Baker as CFO and Head of Strategy, who will assume his position on August 1, 2025. Mr. Baker earned his Bachelor of Economics and designation as a Chartered Accountant in Australia before settling in Vancouver in 2005 where he completed an MBA at the University of British Columbia and became a Canadian citizen. Mr. Baker worked within the Ivanhoe Mines group of companies for over 20 years in a variety of roles encompassing operations, the development and financing of the Oyu Tolgoi Copper mine in Mongolia as VP Treasurer, and as CFO of VRB Energy, a high-tech vanadium redox battery company active in manufacturing and R&D within China and internationally. Mr. Baker has spent the last two years with TSX-V listed Camino Mineral Resources as CFO, supporting their corporate development strategy, which recently culminated in the successful acquisition of a construction stage copper project.
Guy de Selliers, Executive Chairman of Defense Metals commented:
“I have known David professionally for more than 15 years. He is not only a highly competent financial professional but has always demonstrated the highest level of integrity and sound judgment. He exemplifies the high standards of the team we are building to take our Wicheeda project forward”
Mark Tory, President and CEO of Defense Metals, added:
⦁ I am confident that David has the experience and knowledge that we need. He and I have complimentary skills and will form a well rounded and highly efficient team and I look forward to working with him.”
David Baker also commented:
⦁ I am excited to be joining Guy and Mark in leading the development of the Wicheeda project, which I consider without any doubt the best new rare earth project in North America. I look forward to working with all stakeholders in the successful and rapid development of what is clearly a geopolitical priority. I find it immensely motivating to be involved in such a strategically important endeavour for our Province and our Country.”
The company would like to thank Mr. Ryan Cheung for stepping in to take on the interim CFO role before Mr. Baker’s appointment.
About Defense Metals Corp. and its Wicheeda REE Deposit
Defense Metals Corp. is focused on the development of its 100% owned, 11,800-hectare (~29,158-acre) Wicheeda Rare Earth Element (REE) property that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.
The Wicheeda Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia. The Company recently completed a Preliminary Feasibility Study (PFS) that demonstrated the robust economics of the project.
For further information, please visit www.defensemetals.com or contact:
Mark Tory
President and CEO
Tel: +1 604-445-8179
Email: mark@defensemetals.com
IBF4
