GMET Guardian Metal Resources (LSE:MET) has uncovered an extensive area of historic tungsten-rich mine tailings at its Tempiute Tungsten Project in Nevada and is now advancing studies to determine both the resource potential and environmental remediation value of the material. Recent field mapping and sampling work suggest the tailings extend across roughly 550 acres, with surface testing confirming the presence of tungsten alongside other metals.
To capitalize on the discovery, the company has added 193 new mining claims, increasing the overall Tempiute land package by more than 375%. At the same time, environmental assessment work is continuing. Subject to permitting, Guardian Metal plans to begin an auger drilling campaign in June 2026, while an independent metallurgical review will assess the tonnage, grade and recovery characteristics of the tailings. The work is aimed at supporting Tempiute’s potential as a near-term U.S.-based tungsten supply source with comparatively lower development costs and possible reclamation advantages.
The score is held down primarily by weak financial performance (minimal revenue, widening losses, and sharply worse free cash flow) and a bearish technical trend (price below key moving averages with negative MACD). A debt-free balance sheet with growing equity provides some support but does not offset the current cash burn and lack of profitability.
More about Guardian Metal Resources PLC
Guardian Metal Resources PLC is focused on restarting U.S. tungsten production through its flagship Pilot Mountain and Tempiute projects in Nevada. The company is targeting critical mineral supply chains tied to defense and industrial demand and has benefited from U.S. government backing, including support from the Department of War and its recent NYSE American listing.
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