Guardian Metal Resources plc (LSE:GMET) has published its audited financial results for the year ended 30 June 2025, showcasing solid operational progress across its tungsten portfolio in Nevada despite posting a year-end loss. The company advanced pre-feasibility studies and drilling activities at its flagship Pilot Mountain project, while also acquiring the Tempiute project, a move designed to expand its resource base and future production capacity.
A key highlight of the year was the company securing a $6.2 million grant from the U.S. Department of War, underscoring strong government support for domestic critical mineral initiatives. Guardian Metal said the funding will accelerate project development and strengthen its position within the U.S. strategic minerals supply chain.
Management emphasized that the company is well positioned to benefit from rising demand for tungsten following China’s recent export restrictions, which have heightened the need for reliable Western supply sources. The company aims to establish itself as a leading U.S. tungsten producer, supporting industries vital to defense, aerospace, and advanced manufacturing.
More about Guardian Metal Resources plc
Guardian Metal Resources plc is a tungsten exploration and development company with a strategic focus on the Pilot Mountain and Tempiute projects in Nevada, United States. The company’s mission is to help secure the U.S. tungsten supply chain by advancing high-grade, low-cost production assets critical to defense and high-technology applications.
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