Guardian Metal Resources PLC Secures $6.2M Award from U.S. Department of Defense

LONDON, July 23, 2025 — Guardian Metal Resources plc (AIM: GMET, OTCQX: GMTLF), a London-based materials sector company specializing in metal exploration and mining, has announced a significant development in its operations. The company’s wholly-owned subsidiary, Golden Metal Resources (USA) LLC, has been awarded a $6.2 million grant from the U.S. Department of Defense (DoD) to accelerate the development of its flagship Pilot Mountain tungsten project in Nevada.

The funding, awarded under Title III of the Defense Production Act of 1950, is non-dilutive and aims to support the completion of a pre-feasibility study and environmental studies for the Pilot Mountain project. This strategic investment is expected to expedite the project’s development, enhancing its potential to meet global customer demands for tungsten, a critical strategic mineral.

Project Overview

The Pilot Mountain project is a key asset for Guardian Metal Resources, focusing on the exploration and development of tungsten, a metal essential for various industrial applications, including electronics and defense. The project’s advancement is crucial for the company’s growth strategy, aligning with its mission to explore and develop strategic mineral projects.

Financial Context

As of July 21, 2025, Guardian Metal Resources PLC’s share price closed at 62 GBP on the London Stock Exchange. The company’s market capitalization stands at 115,250,000 GBP, with a 52-week high of 68 GBP and a low of 21.067 GBP. Despite a negative price-to-earnings ratio of -47.98, the recent funding award is expected to positively impact the company’s financial outlook and project development timeline.

Market Reaction

The announcement has been well-received by the market, with multiple financial news outlets reporting on the award. The funding is seen as a significant boost for the company’s strategic initiatives and its ability to deliver on its exploration and development goals.

In summary, the $6.2 million award from the U.S. Department of Defense marks a pivotal moment for Guardian Metal Resources PLC, providing the necessary resources to advance the Pilot Mountain project and strengthen its position in the strategic minerals sector.