DEFENSE METALS SETTLES DEBT WITH HATCH THROUGH EQUITY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
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Source: PRnewswire
Debt Settlement Agreement: Defense Metals Corp. has entered into a shares-for-debt settlement agreement with Hatch Ltd., settling $846,547.31 in outstanding payables by issuing 5,290,920 common shares and 2,645,460 warrants.
Future Collaboration: The agreement includes a side letter indicating Defense Metals' intention to engage Hatch for engineering services related to the feasibility study of its Wicheeda Rare Earth Element Project, reflecting a commitment to work with reputable engineering partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
