Defense Metals Management

Management criteria checks 3/4

Defense Metals' CEO is Craig Taylor, appointed in Apr 2019, has a tenure of 5.08 years. total yearly compensation is CA$300.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.98% of the company’s shares, worth CA$555.72K. The average tenure of the management team and the board of directors is 2.3 years and 1.3 years respectively.

Key information

Craig Taylor

Chief executive officer

CA$300.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	5.1yrs
CEO ownership	1.0%
Management average tenure	2.3yrs
Board average tenure	1.3yrs

Recent management updates

Recent updates

We Think Defense Metals (CVE:DEFN) Needs To Drive Business Growth Carefully

Oct 12

CEO Compensation Analysis

How has Craig Taylor's remuneration changed compared to Defense Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$3m
Sep 30 2023	n/a	n/a	-CA$3m
Jun 30 2023	n/a	n/a	-CA$2m
Mar 31 2023	CA$300k	CA$300k	-CA$3m
Dec 31 2022	n/a	n/a	-CA$4m
Sep 30 2022	n/a	n/a	-CA$3m
Jun 30 2022	n/a	n/a	-CA$4m
Mar 31 2022	CA$370k	CA$270k	-CA$4m
Dec 31 2021	n/a	n/a	-CA$3m
Sep 30 2021	n/a	n/a	-CA$4m
Jun 30 2021	n/a	n/a	-CA$3m
Mar 31 2021	CA$248k	CA$248k	-CA$3m
Dec 31 2020	n/a	n/a	-CA$2m
Jun 30 2020	n/a	n/a	-CA$1m
Mar 31 2020	CA$147k	CA$147k	-CA$1m
Dec 31 2019	n/a	n/a	-CA$2m
Sep 30 2019	n/a	n/a	-CA$2m
Jun 30 2019	n/a	n/a	-CA$2m
Mar 31 2019	CA$57k	n/a	-CA$2m
Dec 31 2018	n/a	n/a	-CA$795k
Sep 30 2018	n/a	n/a	-CA$506k
Jun 30 2018	n/a	n/a	-CA$257k
Mar 31 2018	CA$9k	n/a	-CA$251k

Compensation vs Market: Craig's total compensation ($USD218.04K) is about average for companies of similar size in the Canadian market ($USD174.31K).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.

CEO

Craig Taylor (51 yo)

5.1yrs

Tenure

CA$300,000

Compensation

Mr. Craig Taylor has been the Chief Executive Officer of Defense Metals Corporation since April 24, 2019 and had been its President since 2019. Mr. Taylor has been an Independent Director of Nation Gold Co...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Craig Taylor	CEO & Director	5.1yrs	CA$300.00k	0.98% CA$ 555.7k
Luisa de Fatima Moreno	President & Director	2.3yrs	CA$130.00k	no data
Ryan E. S. Cheung	CFO & Corporate Secretary	5.1yrs	CA$109.00k	0.033% CA$ 18.7k
John Robins	Co-Founder & Principal of Discovery Group	no data	no data	no data
Alexandre Heath	Vice President of Corporate Development	1.3yrs	no data	no data
John Goode	Head of Metallurgy & Member of Advisory Board	2.3yrs	no data	no data

2.3yrs

Average Tenure

49.5yo

Average Age

Experienced Management: DEFN's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Craig Taylor	CEO & Director	6.3yrs	CA$300.00k	0.98% CA$ 555.7k
Luisa de Fatima Moreno	President & Director	2.6yrs	CA$130.00k	no data
John Goode	Head of Metallurgy & Member of Advisory Board	2.3yrs	no data	no data
Guy de Selliers de Moranville	Director	less than a year	no data	no data
Andrew Burgess	Independent Director	5.3yrs	no data	1.5% CA$ 852.7k
Dale Wallster	Independent Director	1.1yrs	no data	0.019% CA$ 11.0k
Leonard Clough	Independent Director	1.3yrs	CA$6.00k	no data
Martin Cronin	Independent Director	less than a year	no data	0.019% CA$ 11.0k
P.E. Kavanagh	Independent Director	less than a year	no data	no data

1.3yrs

Average Tenure

57yo

Average Age

Experienced Board: DEFN's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

Defense Metals Management

Management criteria checks 3/4

Key information

Recent management updates

Defense Metals Announces Board Changes

Defense Metals Corp., Annual General Meeting, Dec 15, 2023

Defense Metals Corp. Announces Appointment of Len Clough as New Director to the Board

Less than half of directors are independent

Defense Metals Corp., Annual General Meeting, Dec 09, 2022

No independent directors

Recent updates

Defense Metals Announces Board Changes

Defense Metals Corp. Updates Metallurgical Test Work and Preliminary Feasibility Study Progress for Its Wicheeda Rare Earth Element Project

New minor risk - Insider selling

Defense Metals Corp. announced that it has received CAD 0.738836 million in funding from Mcleod Lake Indian Band Exploration Corporation, RCF Management, LLC

Defense Metals Corp. announced that it expects to receive CAD 0.665027 million in funding

Defense Metals Corp. Completes Geotechnical Field Data Collection for Wicheeda Rare Earth Element Project Preliminary Feasibility Study

Defense Metals Corp. Completes Phase 2 Pit Geotechnical Drilling & Intersects Mineralized Carbonatite at the Wicheeda Rare Earth Element Project

New major risk - Financial position

Defense Metals Corp. Ships Mixed Rare Oxide and Carbonate Samples to Interested Parties

Defense Metals Corp., Annual General Meeting, Dec 15, 2023

We Think Defense Metals (CVE:DEFN) Needs To Drive Business Growth Carefully

Defense Metals Corp. Reports Most Recent Results of the Extensive Comminution and Beneficiation Test Work in Lakefield, Ontario

Defense Metals Corp. Commences Phase 2 Infrastructure Sonic, Open Pit Geotechnical, and Exploration Target Core Drilling At Wicheeda Rare Earth Element Project

Price target increased by 10% to CA$1.08

Defense Metals Corp. Upgrades and Expands Mineral Resource Estimate for Wicheeda Rare Earth Element Project

Price target decreased by 9.3% to CA$0.97

New major risk - Financial position

Defense Metals Advances Pre-Feasibility Study

Defense Metals Corp. Completes Hydrometallurgical Pilot Plant Testing and Initiates Pre-Feasibility Study Design Work

Defense Metals Corp. announced that it has received CAD 12.5 million in funding from RCF Management, LLC

Defense Metals Corp. announced that it has received CAD 12.5 million in funding from RCF Management, LLC

Price target increased by 19% to CA$1.08

Defense Metals Corp. Variability Flotation Tests Yield High Rare Earth Recoveries to High Grade Concentrates

Defense Metals Corp. Announces Rare Earth Element Assay Results from Final Two Core Drill Holes

Defense Metals Announces More Rare Earth Assay Results from Wicheeda Project Drilling, Including 30 Metres of 3.77% Treo

Defense Metals Corp. Announces Appointment of Len Clough as New Director to the Board

Defense Metals Corp. announced that it has received CAD 6 million in funding

Defense Metals Corp. announced that it expects to receive CAD 6 million in funding

Defense Metals Corp. Drills 221 Meters of 2.14% Total Rare Earth Oxide, Including 111 Meters of 3.52% At Wicheeda

Less than half of directors are independent

Defense Metals Corp. Drills 113 Metres of 2.50% Total Rare Earth Oxide at Wicheeda; Completes 2022 Resource Delineation and Pit Geotechnical Drilling of 5,500 Metres

Defense Metals Corp. Flotation Results Yields High Grade Mineral Concentrate At Various Grades and Lithologies

Defense Metals Corp. Drills High-Grades at Wicheeda with 106 Metres of 2.53% Total Rare Earth Oxide; Including 59 Metres of 3.42%

Price target decreased to CA$0.70

Defense Metals Corp. Drills High-Grades at Wicheeda Including 124 Metres of 3.58% Total Rare Earth Oxide

Defense Metals Corp., Annual General Meeting, Dec 09, 2022

Price target increased to CA$0.90

Defense Metals Corp. Initial Drilling Results Yield 1.78% over 192 Metres Total Rare Earth Oxide At Wicheeda; Including 3.13% over 73 Metres

Defense Metals Corp. Provides Diamond Drilling Update - Infill and Exploration Drilling Complete and Pit Slope Geotechnical Drilling Underway

Defense Metals Corp. Provides an Update for Ongoing Diamond Drilling at its Wicheeda Rare Earth

Defense Metals Corp. Commences 2022 Wicheeda Rare Earth Element Deposit Pit Slope Geotechnical, Resource Delineation and Exploration

Defense Metals Corp. Announces the Initial Results of Alternative Acid Bake Process Testwork Underway At SGS Lakefield on Wicheeda Rare Earth Element Project Mineralized Feed

No independent directors

Defense Metals Corp. Drills 3.81% Total Rare Earth Oxide over 117 Metres; Including 4.87% over 38 Metres At Wicheeda

Defense Metals Corp. announced that it has received CAD 4.558049 million in funding

Defense Metals Corp. Announces Results for an Additional Six Diamond Drill Holes Totaling 845 Metres from the company's 29 Hole, 5,349 Metre Diamond Drill Program Completed During Fall 2021

Defense Metals Corp. Drills Highest Grade To Date At Wicheeda With 6.01% Total Rare Earth Oxide Over 23.4 Metres and 3.19% Over 138 Metres from Surface

Defense Metals Corp. Drills 3.17% Total Rare Earth Oxide over 196 Metres from Surface and Extends Mineralization Below Resource Pit Shell

Defense Metals Corp. Announces Appointment of John Goode to Advisory Board

Defense Metals Corp. Prepares for Initial Diamond Drill Assay Results

Director recently bought CA$888k worth of stock

Defense Metals Corp. Announces Positive Preliminary Economic Assessment For The Wicheeda Rare Earth Element Project

Defense Metals Corp. Revaluates Its Athabasca Basin Uranium Projects

Defense Metals Corp. Provides an Update with Respect to Its Ongoing Wicheeda Rare Earth Element Deposit Resource Expansion and Delineation Diamond Drill Program

Defense Metals Commences 2021 Wicheeda Rare Earth Element Deposit Resource Expansion and Definition Diamond Drill Program

Defense Metals Corp. Completes Drill Pad Construction in Advance of 2021 Wicheeda Rare Earth Element Deposit Drill Campaign

Defense Metals Announces Plans for 2021 Wicheeda Rare Earth Element Deposit Resource Expansion and Definition Diamond Drill Program

Defense Metals Provides Pre-Pilot Hydrometallurgy Update, Achieves High Rare Earth Extraction And Impurity Removal From Wicheeda Flotation Concentrate

Defense Metals X-Ray Transmission Amenability Study Demonstrates Potential for Sensor Based Upgrading of Wicheeda Rare Earth Element Feed

Defense Metals Corp. Pre-Pilot Hydrometallurgy Achieves High Impurity Removal With Minimal Rare Earth Element Losses From Wicheeda Flotation Concentrate

Director recently bought CA$98k worth of stock

Defense Metals Corp. Announces Completion of Quarterly Stream Flow Measurements, and Water Quality Sample Collection

Defense Metals Corp. Pre-Pilot Hydrometallurgy Testing Yields 97.3% Rare Earth Element Extraction from Wicheeda Flotation Concentrate

New 90-day high: CA$0.58

Defense Metals Receives Wicheeda REE Property LiDaR Survey Results

Defense Metals Corp. and SRC Investigate XRT Ammenability of Wicheeda Rare Earth Element Mineralization

New 90-day high: CA$0.38

New 90-day high: CA$0.23

Defense Metals Corp. Appoints Jamie Spratt as Strategic Advisor