Guardian Metal Resources plc said it exploration operations in Nevada will benefit from the new American president’s Executive Order supporting energy, mining and oil and gas in the US.
PROUD
Guardian, which holds tungsten, industrial garnet, gold, copper and lithium interests, described Donald Trump’s ‘Unleashing American Energy’ directive as a “pivotal moment” for domestic mining in the USA.
The company cited sections covering increased ‘critical mineral’ independence, easier and quicker permitting processes, additional funding and restoration of America’s “mineral dominance”.
“This Executive Order underscores the critical role domestic mining plays in securing America’s energy independence and supporting key national security objectives,” said chief executive Oliver Friesen.
“By prioritising the National Defense Stockpile and enhancing support for US mining competitiveness, the policy creates a clear pathway for Guardian Metal’s projects to thrive over the next four years and beyond.
“Guardian Metal is proud to contribute to this national effort by advancing the development of our flagship Pilot Mountain tungsten project, with our ultimate goal of supporting a robust and secure domestic supply of this vital metal to US consumers for years to come.”
The Congressional Research Service reports that, as of March 2023, the National Defense Stockpile contained $1.3 billion in total assets, including $912.3 million of stockpiled material.
The CRS highlights a $13.5bn gap between current stockpile assets and requirements to support non-defence critical infrastructure demand “in the event of an attack on the US”.