Welcome to our dedicated page for Guardian Metal news (Ticker: gmtlf), a resource for investors and traders seeking the latest updates and insights on Guardian Metal stock.
Guardian Metal Resources plc (GMTLF) provides essential updates on its Nevada-based tungsten exploration and critical minerals development through this dedicated news hub. Investors and industry observers will find authoritative reporting on drilling results, resource estimates, and strategic initiatives that shape the company's position in domestic metals production.
This resource consolidates official announcements including project milestones from Pilot Mountain and Tempiute, geotechnical findings, and operational updates. Users gain timely access to filings detailing exploration progress, infrastructure developments like water rights acquisitions, and analyses of mineral resource potential.
Key content focuses on tungsten deposit evaluations, copper-silver-zinc discoveries, and lithium exploration updates across Guardian Metal's portfolio. The collection serves as a strategic research tool for tracking technical advancements and corporate developments in North America's critical minerals sector.
Bookmark this page for direct access to Guardian Metal's latest verified updates, presented with clarity for both professional analysts and engaged stakeholders. Regular visits ensure informed tracking of the company's progress in establishing domestic sources of defense-critical metals.
Guardian Metal Resources (GMTLF) has announced significant drilling results from its Pilot Mountain tungsten project in Nevada. The company reported two record-high tungsten intersections: 3.04% WO3 in drillhole PM24-022 and 3.01% WO3 in drillhole PM24-023. Key highlights include drillhole PM24-022 with 44.2m @ 0.234% WO3, and drillhole PM24-018 with 20.4m @ 0.514% WO3. To date, 39 drillholes have been completed, with the 40th hole expected to begin on January 6, 2025. The company is preparing permits for up to 20 additional drill pads at the Project's Garnet zone. The company also noted that some WO3 assay results from the November 26, 2024 announcement were overstated and have been corrected in this update.
Guardian Metal Resources (GMTLF) has provided a due diligence update on its planned acquisition of the Tempiute Tungsten Mine & Mill in Nevada. Key findings include:
- Title opinion shows no maintenance deficiencies or adverse liabilities
- Geological review confirms robust tungsten-rich skarn-type mineralizing system
- Due diligence sampling revealed high-grade results including 1.50% and 0.94% WO3, plus significant silver (up to 66g/t), molybdenum (up to 1,985ppm), zinc (up to 5,510ppm), and copper (up to 0.358%)
- Environmental assessment expected to conclude in January 2025
- Definitive agreement documents are being prepared
Guardian Metal Resources (OTCQX:GMTLF) has executed a definitive water rights purchase agreement for Permit 87850 in Nevada's Kibby Basin Valley, adjacent to its Pilot Mountain Project. The permit allows for 1,447.94 acre feet annually of production and 130.055 acre feet annually for mining, milling, and domestic use.
The purchase price comprises US$350,000 already paid and US$200,000 due by January 31, 2025. The water rights are essential for mine development, with access points less than 3km from planned mining infrastructure. Combined with existing power infrastructure and well-maintained roads, this acquisition represents a significant milestone in developing domestic U.S. tungsten production.
Guardian Metal Resources (AIM:GMET)(OTCQX:GMTLF) announces key board changes. David Ovadia is stepping down as Non-Executive Director and Chairman, with J.T. Starzecki, current Independent Non-Executive Director, taking over as Chairman. Starzecki brings almost 20 years of mineral exploration experience and will begin serving at the Annual General Meeting on December 11, 2024.
Additionally, Benjamin Hodges has been appointed as Financial Director effective December 10, 2024. Hodges is a Fellow of CPA Australia with 25 years of accounting experience, including 16 years in natural resources. The company's focus remains on developing their Pilot Mountain Project, a tungsten mining operation in Nevada, USA, aimed at establishing domestic tungsten supply.
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