Guardian Metal Resources plc has secured £19.9 million (US$27.2m) via an award and 0.8% discounted direct subscriptions for its Pilot Mountain and Tempiute tungsten projects in Nevada. UCAM The company was awarded $6.6m (£4.9m) from the US Department of Defense through the DPA Title III programme for Pilot Mountain. Subscriptions from existing shareholders and other institutional […]
Tag: Tempiute tungsten mine and mill – south-central Nevada
Guardian returns ‘very high’ tungsten at Tempiute
Guardian Metal Resources plc confirmed “very high grade” tungsten and gallium mineralisation across multiple zones at the Tempiute project in south-central Nevada, USA. EAST ZONE The company has also staked 31 additional exploration targets at the site. The assay results from fieldwork include “high grade” tungsten mineralisation along more than 1,300 metres strike length of outcropping […]
Guardian finds tungsten mineralisation at Tempiute
Guardian Metal Resources plc has identified “extensive tungsten-rich skarn and porphyry mineralisation” at the past producing Tempiute tungsten mine and surrounding area in south-central Nevada, USA. STOCKPILES The company subsequently more than doubled its footprint by staking a further 29 new lode mining claims to cover the new target areas. The findings from porphyry expert Dr Lawrence Carter […]
Guardian advances Pilot Mountain-Tempiute
Guardian Metal Resources plc has advanced operations at its Pilot Mountain and Tempiute tungsten projects in Nevada, USA. GARNET Pilot Mountain’s phase I resource drilling is complete, with results pending, and geotechnical drilling started at the Desert Scheelite deposit, one of four at the project. The company said that the first completed geotechnical drill hole […]
Guardian signs purchase option for Tempiute
Guardian Metal Resources plc has signed a definitive exploration lease and option to purchase the historic Tempiute tungsten project in south-central Nevada. TERMS The agreement follows the binding letter of intent signed at the end of October 2024. Tempiute, formerly known as the Emerson tungsten mine, lies southwest of the company’s flagship Pilot Mountain tungsten […]
Guardian raises £750,000 via placing
Guardian Metal Resources plc has raised £750,000 by way of a placing of 2.5 million new ordinary shares of one pence each with a single existing institutional investor at £0.30 per share. TUNGSTEN The placing shares, with no warrants attached, represent 2.00% of the enlarged issued share capital of the company. The investor is UK asset manager Premier […]