Mentioned:
Guardian Metal Resources is going all in on tungsten in America. Which is exactly why they’ve just expanded their mineral rights in Nevada.
What’s happening:
- Guardian Metal Resources (NYSE: GMTL) has expanded their mineral rights in Nevada by staking 193 claims at their past producing Tempiute tungsten project
Why it matters:
- The new claims acquired by Guardian Metal Resources increase the size of their holdings surround their Tempiute project by more than 375%
Going deeper:
- Tempiute is a past producing tungsten mine located in Lincoln County, Nevada which Guardian Metal Resources has publicly stated they have identified historical mine tailings at and are planning to begin a new drill program
- Legendary Wall Street hedge fund manager Stanley Druckenmiller’s family office is a major investor in Guardian Metal Resources and owns roughly 14.5% of the company
The intrigue:
- The United States Department of War also previously committed $6.2M USD in funding to Guardian Metal Resources to advance their exploration at their flagship project Pilot Mountain
