Guardian Metal Resources – Exploring And Developing 2 Tungsten And Critical Minerals Projects In Nevada
Oliver Friesen, CEO of Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), joins me for an introduction into this exploration and development company with 2 key projects focused on tungsten and critical minerals in Nevada, USA. We unpack some of the nuances around this lessor known strategic metal, the keen interest from the US government in fast-tracking domestic sources of supply, and how the Company’s 2 projects can play a role in this developing sector.
We start off discussing the 100% owned Pilot Mountain Tungsten Project, which is a Skarn-type Project which hosts a Mineral Resource Estimate (MRE) of 12.53Mt at 0.27% tungsten with significant copper, silver, zinc, and gallium credits. This project is located on BLM Land, which is advantageous for expedited permitting and development work. The next key milestone will be incorporating some of their recent engineering and geotechnical drilling work into a coming Pre-Feasibility Study (PFS) later this year. Additionally, the exploration team will drilling a satellite target which could expand to compliment the known resources in a meaningful way.
Next we discuss the other flagship Tempiute Tungsten Project, which is a past-producing skarn-type tungsten-zinc-copper-silver mine and processing center, with valuable existing infrastructure in place. In addition to more drilling this year to produce and updated Resource Estimate, the company has been sampling and drilling the historic tailings and at surface stockpiles with an eye towards getting those processed on-site or in a toll-milling scenario nearby in Nevada.
We then review Oliver’s background in the industry, the team behind Guardian Metal Resources, and Company financials and key stakeholders.
If you have questions for Oliver regarding Guardian Metal Resources, then please email those into me at Shad@kereport.com.
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The warrants issued on February 25th 2025 in connection with the financing done at that time by WRLG West Red Lake Gold will be in the money probably this week. The warrants have a strike price of 90 cents. Only 3 months after the completion of the financing. DT
VANCOUVER, British Columbia, February 25, 2025 — West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce that it has closed its previously announced public offering (the “Offering”) of 23,628,000 charity flow-through units of the Company (the “Charity Flow-Through Units”) at a price of C$0.8487 per Charity Flow-Through Unit for aggregate gross proceeds to the Company of $20,053,083.60 (the “Offering”). The Offering was led by Raymond James Ltd., as sole underwriter and bookrunner (the “Underwriter”).
Each Charity Flow-Through Unit is comprised of one common share of the Company (each, a “Flow-Through Unit Share”) and one common share purchase warrant (each whole common share purchase warrant, a “Flow-Through Unit Warrant”). Each Flow-Through Unit Warrant will entitle the holder to acquire one common share of the Company for an exercise price of C$0.90 per share for 36 months from the closing date of the Offering (the “Closing Date”). The Flow-Through Unit Shares and Flow-Through Unit Warrants will each be issued as “flow-through shares” within the meaning of the Income Tax Act (Canada). Upon the exercise of the Flow-Through Unit Warrants, the underlying common share will not be issued as “flow-through shares” within the meaning of the Income Tax Act (Canada).