M&A Deal Summary

Defense Metals Acquires Spectrum Mining

On January 14, 2022, Defense Metals acquired metals/mining company Spectrum Mining

Acquisition Highlights
  • This is Defense Metals’ 1st transaction in the Metals/Mining sector.
  • This is Defense Metals’ 1st transaction in Canada.
  • This is Defense Metals’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2022-01-14
Target Spectrum Mining
Sector Metals/Mining
Buyer(s) Defense Metals
Deal Type Add-on Acquisition

Target

Spectrum Mining

Wardner, British Columbia, Canada
Spectrum is the registered holder of a one hundred percent (100%) interest in and to six (6) mining claims located in the Cariboo Mining Division, British Columbia known as the Wicheeda Rare Earth Element (REE) Property.

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Buyer(S) 1

Buyer

Defense Metals

Vancouver, British Columbia, Canada

Category Company
Founded 2016
Sector Metals/Mining
Revenue 4M CAD (2023)
DESCRIPTION

Defense Metals is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals was founded in 2016 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1