Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Golden Metal Resources Plc ( (GB:GMET) ) has issued an update.
Guardian Metal Resources has filed a maiden S-K 1300 Technical Summary Report and updated, pit-constrained Mineral Resource Estimate for the Desert Scheelite deposit at its Pilot Mountain tungsten project in Nevada, showing a 16% increase in indicated resources versus a 2018 scoping study and confirming potential suitability for open-pit mining. Backed by a US$6.2m U.S. Department of War Defense Production Act investment, the company is advancing a comprehensive pre-feasibility study with a large team of specialist engineering and environmental consultants, adding a second drill rig for expanded exploration across multiple zones, and targeting completion of the PFS by end of H1 2026, rapid permit submissions thereafter, and first commercial production before the end of 2028, positioning the project as a potential first new domestic tungsten mine in the U.S. in more than a decade.
More about Golden Metal Resources Plc
Guardian Metal Resources plc (LON:GMET/OTCQB:GMTLF) is a strategic mineral exploration company focused on developing tungsten projects in Nevada, USA, notably the 100%-owned Pilot Mountain and Tempiute deposits. Its strategy is to establish cornerstone domestic tungsten supply for the United States, supporting government efforts to reshore critical mineral production for defence and industrial use and reduce reliance on foreign supply chains.
Average Trading Volume: 500,451
Technical Sentiment Signal: Buy
Current Market Cap: £183.7M
For detailed information about GMET stock, go to TipRanks’ Stock Analysis page.