Mining Stock Daily Reshoring Tungsten: Nevada's Role in Critical Mineral Supply with Guardian Metals
Jul 29, 2025
In this discussion, Oliver Friesen, CEO of Guardian Metals Resources, shares insights on the $6.2 million Department of Defense funding for a tungsten project in Nevada. He highlights the transformative potential of reshoring tungsten production to the U.S. and its implications for critical mineral supply chains. The conversation touches on strategic plans for capitalizing on this funding, exploring tungsten deposits in various states, and the significance of government partnerships in advancing domestic mining efforts. Friesen's perspective provides a refreshing look at the future of U.S. resource independence.
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Defense Funding Supports U.S. Tungsten
- Guardian Metals received a $6.2 million Defense Production Act grant to develop tungsten production on U.S. soil.
- This funding focuses on advancing the Pilot Mountain project, the largest tungsten deposit in the U.S.
Expanding Tungsten Resources Strategically
- Guardian Metals is advancing engineering and drilling at Pilot Mountain to establish a central processing facility.
- They are exploring multiple surface scarns to extend throughput and mine life.
Value in Tungsten Byproducts
- While tungsten is the primary focus, Guardian Metals plans to recover valuable byproduct metals like copper, silver, and zinc.
- Extracting these co-metals will improve overall project economics during production.