Guardian Metal Stock Price, News & Analysis

Guardian Metal Resources (OTCQX:GMTLF) has launched its first diamond drilling program at the Tempiute tungsten project in Nevada, marking the first drilling activity at the site since the 1980s. The program targets multiple brownfield exploration sites and new skarn zones along the eastern contact zone.

The Phase I program encompasses 19 drill targets, with Phase II targets to be determined based on initial results. The project's proximity to ALS Laboratory in Reno enables efficient sample processing and regular results updates. Tempiute, historically the USA's largest tungsten mine in the 1980s, represents a strategic asset in Guardian Metal's mission to establish domestic tungsten supply chains for U.S. defense and economic security.

Guardian Metal Resources (OTCQB:GMTLF) has strengthened its U.S. government relations through membership in two strategic defense programs: the Defense Industrial Base Consortium (DIBC) and the Cornerstone Program. This development follows the company's recent $6.2 million USD award from the U.S. Department of Defense for its Pilot Mountain tungsten project in Nevada.

The DIBC focuses on enhancing the U.S. Defense industrial base resilience, while the Cornerstone Program, managed by the U.S. Army, aims to strengthen the U.S. industrial base and improve competitiveness in support of the Department of Defense. These memberships complement Guardian Metal's earlier participation in the DARPA-sponsored Critical Minerals Forum and its DPA Title III award, highlighting the strategic importance of its tungsten projects to U.S. national security.

Guardian Metal Resources (OTCQX:GMTLF) announced that Power Metal Resources has sold its entire holding of 24,699,825 ordinary shares to Duquesne Family Office LLC for £13,584,904, at 55p per share. Following this transaction, Duquesne will hold a 14.75% stake in Guardian Metal.

The company's CEO, Oliver Friesen, welcomed Duquesne as a major shareholder, highlighting it as an endorsement of Guardian's position in the U.S. critical metals sector. The company is currently advancing its co-flagship tungsten projects in Nevada through a crucial growth phase.

Guardian Metal Resources (OTCQB:GMTLF) has significantly expanded its Pilot North Tungsten Project in Nevada, adding 42 new Bureau of Land Management Lode Claims to bring the total to 101 claims covering approximately 2,086 acres. The expansion follows exceptional reconnaissance rock sample assay results showing high-grade minerals including:

- Copper: up to 5.71%
- Silver: up to 619g/t
- Zinc: up to 3.45%
- Tungsten: up to 1,185ppm WO3
- Bismuth: up to 2,840ppm

Located 15km northwest of the company's Pilot Mountain Project, Pilot North now encompasses four World War II era tungsten mines. The company aims to re-establish US domestic tungsten production through both Tempiute and Pilot Mountain, with the latter believed to be the largest undeveloped tungsten deposit in the United States.

Guardian Metal Resources (OTCQX:GMTLF) has announced significant drilling results from its Pilot Mountain tungsten Project in Nevada. The final batch of drillholes at the Desert Scheelite zone (PM25-41 to PM25-052) revealed substantial high-grade tungsten mineralization alongside copper, silver, and zinc deposits.

Key highlights include intersections of 21.6m @ 0.20% WO3 in PM25-043, 33.9m @ 0.31% WO3 in PM25-045, and 45.7m @ 0.24% WO3 in PM25-047. Notable high-grade individual assays reached up to 1.09% WO3, 9.98% zinc, 337ppm silver, and 1.3% copper. The company has completed 82 drillholes to date, including 61 at Desert Scheelite, 20 at Garnet Zone, and one at Porphyry South.

Guardian Metal Resources (OTCQX:GMTLF) has announced significant copper-molybdenum exploration results from its Pilot Mountain Project in Nevada. The company's rock chip sampling revealed highly elevated copper and molybdenum concentrations across the 1.5 km² Porphyry South Zone, with 15 rock chip assays exceeding 1,000 ppm Cu and reaching up to 2.05% Cu in the Breccia Ridge Zone.

The geochemical results confirm a substantial Cu-Mo footprint, with a 0.2 km² area showing >500 ppm Cu overlapping with a zone of >250 ppm Mo. The company plans to extend its 3D IP geophysical survey to cover the entire Porphyry South area to finalize drill targets for porphyry-style Cu-Mo mineralization.

Guardian Metal Resources (OTCQX:GMTLF) has expanded its Tempiute tungsten project in Nevada through the acquisition of 18 BLM unpatented Lode Mining Claims, one Placer Claim, and three Mill Site Claims for US $40,000. The acquisition includes the historical Schofield open-pit mine and extends the mineralized strike length to approximately 3km.

The expansion follows the company's recent US $6.2M Department of Defense award and successful US $21M equity raise. Guardian Metal plans to commence multiple geophysical surveys and launch its inaugural diamond drilling campaign at Tempiute, focusing on defining near-surface resources at the Schofield Mine and exploring additional mineralized zones around the North Stock area.

Guardian Metal Resources (OTCQX:GMTLF) has secured a significant $6.2 million award from the U.S. Department of Defense under Title III of the Defense Production Act of 1950. The non-dilutive funding will accelerate the development of the company's flagship Pilot Mountain tungsten project in Nevada.

The funding will support the completion of a pre-feasibility study and environmental studies for what could become the only U.S. mined source of tungsten. The award contains no commercial covenants that would impair Guardian Metal's business operations or future tungsten concentrate sales to the industrial base.

Guardian Metal Resources (OTCQX:GMTLF) has secured a significant $6.2 million award from the U.S. Department of Defense under Title III of the Defense Production Act of 1950. The non-dilutive funding will accelerate the development of the company's flagship Pilot Mountain tungsten project in Nevada.

The funding will support the completion of a pre-feasibility study and environmental studies for what could become the only U.S. mined source of tungsten. This strategic initiative aligns with U.S. efforts to establish domestic critical metals production for national security and economic objectives.