{
  "projectionVersion": "smpt-investigation-1",
  "projectId": "prj-ca-wicheeda",
  "corpus": {
    "revision": "2026-11-03",
    "legalStatusCutoff": "2026-11-03",
    "view": "current_corpus_revision",
    "notice": "Curated corpus revision, not source freshness or historical known-as-of coverage. Financial histories retain their own status dates."
  },
  "project": {
    "id": "prj-ca-wicheeda",
    "name": "Wicheeda Rare Earth Elements Project",
    "sponsorOrgIds": [
      "org-defense-metals"
    ],
    "locations": [
      {
        "countryCode": "CA",
        "subnational": "British Columbia",
        "asStated": "Vancouver, British Columbia"
      }
    ],
    "stages": [
      "mining"
    ],
    "materialIds": [
      "rare-earth-elements"
    ],
    "materialAttribution": "tracked_only",
    "untrackedMaterialsAsStated": [],
    "evidence": [
      {
        "sourceId": "src-nrcan-pdac-2026",
        "supports": [
          "name",
          "sponsors",
          "materials",
          "location",
          "stages"
        ],
        "evidence": "explicit",
        "locator": "First and Last Mile Fund: Wicheeda entry",
        "note": null
      }
    ],
    "notes": "The backgrounder gives the entry's location as Vancouver; the funded transmission line and road serve the mine site."
  },
  "organizations": [
    {
      "id": "org-ca-nrcan",
      "name": "Natural Resources Canada",
      "nameOriginal": null,
      "aliases": [
        "NRCan"
      ],
      "kind": "government",
      "roles": [
        {
          "role": "provider",
          "recordId": "fin-ca-pdac-2026-wicheeda-flmf"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-nrcan-cmrdd-2024",
          "supports": [
            "name",
            "kind",
            "country",
            "actor"
          ],
          "evidence": "explicit",
          "locator": "Issuer; third and fourth paragraphs",
          "note": "\"Natural Resources Canada (NRCan) is providing $4.9 million to Cyclic Materials\""
        }
      ]
    },
    {
      "id": "org-defense-metals",
      "name": "Defense Metals Corp.",
      "nameOriginal": null,
      "aliases": [],
      "kind": "company",
      "roles": [
        {
          "role": "registered_sponsor",
          "recordId": "prj-ca-wicheeda"
        },
        {
          "role": "recipient",
          "recordId": "fin-ca-pdac-2026-wicheeda-flmf"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-nrcan-pdac-2026",
          "supports": [
            "name",
            "kind"
          ],
          "evidence": "explicit",
          "locator": "First and Last Mile Fund: Wicheeda entry",
          "note": null
        }
      ]
    }
  ],
  "financialInstruments": [
    {
      "id": "fin-ca-pdac-2026-wicheeda-flmf",
      "eventId": "evt-ca-nrcan-pdac-2026",
      "instrument": "unspecified",
      "valueRole": "commitment",
      "capitalSource": "public",
      "projectRelationship": "directly_attributable",
      "projectId": "prj-ca-wicheeda",
      "associatedProjectIds": [],
      "amount": {
        "value": "1878250",
        "currency": "CAD",
        "qualifier": "exact",
        "amountAsStated": "Funding amount: $1,878,250",
        "currencyBasis": "issuer_context",
        "basisNote": null,
        "basisLabel": null
      },
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": "Natural Resources Canada (First and Last Mile Fund)",
      "providerJurisdiction": "canada",
      "providerOrgIds": [
        "org-ca-nrcan"
      ],
      "recipient": "Defense Metals Corp.",
      "recipientOrgIds": [
        "org-defense-metals"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": null,
      "locations": [],
      "materialIds": [
        "rare-earth-elements"
      ],
      "stages": [
        "mining"
      ],
      "currentFinancialStatus": "decided",
      "financialStatusHistory": [
        {
          "status": "decided",
          "date": "2026-03-03",
          "sourceId": "src-nrcan-pdac-2026",
          "note": "\"conditionally approved, pending final due diligence\"."
        }
      ],
      "legacyPhysicalObservations": [
        {
          "status": "feasibility",
          "date": "2026-07-13",
          "sourceId": "src-defense-metals-wicheeda-update-20260713",
          "note": "The linked Wicheeda mine is undergoing feasibility work, with spring drilling completed and flotation pilot testing ongoing. This does not establish commencement or completion of the separately funded transmission-line and road-design deliverables; the date is the reporting date, not a stated start date."
        }
      ],
      "terms": [],
      "statedOutcomes": [],
      "relationships": [],
      "evidence": [
        {
          "sourceId": "src-nrcan-pdac-2026",
          "supports": [
            "instrument",
            "value_role",
            "capital_source",
            "amount",
            "provider",
            "recipient",
            "status",
            "project",
            "materials"
          ],
          "evidence": "explicit",
          "locator": "First and Last Mile Fund: Wicheeda entry",
          "note": null
        },
        {
          "sourceId": "src-nrcan-pdac-2026",
          "supports": [
            "stages"
          ],
          "evidence": "ambiguous",
          "locator": "First and Last Mile Fund: Wicheeda entry",
          "note": "Power and road infrastructure for a mine site, coded to mining."
        },
        {
          "sourceId": "src-defense-metals-wicheeda-flmf-20260304",
          "supports": [
            "status",
            "project"
          ],
          "evidence": "explicit",
          "locator": "Pages 1–2: conditional approval and project scope",
          "note": "The infrastructure award remains subject to final due diligence; the 2026–2028 work schedule is prospective."
        },
        {
          "sourceId": "src-defense-metals-wicheeda-update-20260713",
          "supports": [
            "status"
          ],
          "evidence": "explicit",
          "locator": "Pages 1–2: ongoing feasibility, pilot testing and conditional funding",
          "note": "Supports feasibility of the linked mine and continued conditional wording for infrastructure funding."
        },
        {
          "sourceId": "src-defense-metals-wicheeda-proposal-20260812",
          "supports": [
            "status"
          ],
          "evidence": "explicit",
          "locator": "Page 1: invitation to submit a full project proposal",
          "note": "The separate processing-feasibility application is explicitly not a funding commitment and does not replace or advance this infrastructure award."
        }
      ],
      "notes": "A 60-km transmission line to the mine site and the design of road upgrades; the fund subsumed the Critical Minerals Infrastructure Fund. Lifecycle review on 2 October 2026: the July issuer update still describes the infrastructure funding as conditional. Reviewed primary sources did not establish execution or payment of this specific award. Feasibility describes the linked mine, not verified delivery of the funded infrastructure work. The August invitation concerning a separate processing-feasibility application is not a funding commitment and is not substituted for this award."
    }
  ],
  "nonallocativeAssociations": [],
  "designations": [],
  "nativeMilestones": [],
  "policyContexts": [
    {
      "id": "evt-ca-nrcan-pdac-2026",
      "relationship": "finance_or_designation_parent",
      "jurisdiction": "canada",
      "issuingBody": "Natural Resources Canada",
      "titleEn": "Government of Canada invests to unlock Canada’s critical minerals advantage (PDAC 2026 funding announcement)",
      "titleOriginal": "Government of Canada invests to unlock Canada’s critical minerals advantage",
      "documentNumber": null,
      "date": "2026-03-03",
      "policyStatus": "active",
      "sourceIds": [
        "src-nrcan-pdac-2026"
      ]
    }
  ],
  "coannouncedControls": [],
  "financePackageReferences": [],
  "unknowns": [
    "No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.",
    "Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.",
    "Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome."
  ],
  "sources": [
    {
      "id": "src-defense-metals-wicheeda-flmf-20260304",
      "title": "Defense Metals Receives Conditional Approval for up to C$1.88 Million in Funding for Wicheeda Rare Earth Elements Clean Energy and Transportation Infrastructure Project",
      "publisher": "Defense Metals Corp.",
      "url": "https://www.defensemetals.com/_files/ugd/433b25_e01dcb4f295240099185c495af3c4946.pdf",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-03-04",
      "accessedOn": "2026-10-02"
    },
    {
      "id": "src-defense-metals-wicheeda-proposal-20260812",
      "title": "Defense Metals Invited by Natural Resources Canada to Submit a Full Project Proposal for its Wicheeda Processing Feasibility Program",
      "publisher": "Defense Metals Corp.",
      "url": "https://www.defensemetals.com/_files/ugd/433b25_9ef7dd23603d48d5886e0562e19be517.pdf",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-08-12",
      "accessedOn": "2026-10-02"
    },
    {
      "id": "src-defense-metals-wicheeda-update-20260713",
      "title": "Defense Metals Provides Corporate Update Highlighting Continued Execution and Strategic Momentum",
      "publisher": "Defense Metals Corp.",
      "url": "https://www.defensemetals.com/_files/ugd/433b25_80ed8a13cf3c428e88968896c71ffb0f.pdf",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-07-13",
      "accessedOn": "2026-10-02"
    },
    {
      "id": "src-nrcan-cmrdd-2024",
      "title": "Government of Canada Supporting Critical Minerals Processing in Kingston",
      "publisher": "Natural Resources Canada",
      "url": "https://www.canada.ca/en/natural-resources-canada/news/2024/09/government-of-canada-supporting-critical-minerals-processing-in-kingston.html",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2024-09-04",
      "accessedOn": "2026-09-23"
    },
    {
      "id": "src-nrcan-pdac-2026",
      "title": "Backgrounder: Government of Canada invests to unlock Canada’s critical minerals advantage",
      "publisher": "Natural Resources Canada",
      "url": "https://www.canada.ca/en/natural-resources-canada/news/2026/03/backgrounder-government-of-canada-invests-to-unlock-canadas-critical-minerals-advantage.html",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-03-03",
      "accessedOn": "2026-09-23"
    }
  ],
  "limitations": [
    "Policy contexts here parent existing finance or designation records; a shared material or date never creates a causal edge.",
    "Coannounced controls are announcement siblings only, not project-specific restrictions or effects.",
    "Direct project attribution and nonallocative association are different. No individual monetary allocation, financial sum or payment conclusion is authorized.",
    "Financing statuses describe the current corpus revision. Legacy implementation observations require scoped review and are not project-native milestones.",
    "A milestone's event/target date, publication/access horizon and reviewer date are separate. A planned target is not automatically occurred.",
    "An absent reviewed milestone means no approved entry in SMPT, not that the facility is inactive or failed.",
    "Amounts retain current source-stated terms, original currency and exact decimal strings. This packet computes no historical financial totals or project-wide monetary allocation.",
    "Published source review does not establish independent on-site verification. Source, financial-status, occurrence, target and review dates remain distinct."
  ]
}