Tungsten's Rising Importance: A Deep Dive into the Market and Guardian's Role in U.S. Supply Chains

In the episode, we chat with Oliver Friesen, CEO of Guardian Metal Resources, a UK based development company focused on critical and precious metals exploration. The company owns the flagship Pilot Mountain Project in Nevada, which is believed to host the largest undeveloped tungsten deposit on American soil.

Oliver is a geologist and has over 10 year’s experience in both the mining and oil and gas sectors and has worked in Canada, the United States, Australia, and Africa.  He founded Guardian Metal Resources in 2021 and led the IPO in May 2023, and we discuss the history and background of the company, the tungsten market, the uses of tungsten, Nevada as a mining jurisdiction, recycling of tungsten and much more.

KEY TAKEAWAYS

• Guardian Metal Resources is primarily focused on tungsten exploration and development, with its flagship Pilot Mountain project in Nevada believed to host the largest undeveloped tungsten deposit in the U.S. The company has also acquired another significant asset, Tempaiute, which was formerly the largest tungsten-producing mine in the 1980s.
• The tungsten market is currently experiencing tight supply due to geopolitical factors, with China, Russia, and North Korea controlling approximately 90% of global tungsten production. Recent export restrictions from China have further intensified the need for domestic sources of tungsten in the U.S.
• While defence applications drive short-term demand for tungsten, the metal is also crucial in various high-tech industries, including aerospace, mining, and renewable energy technologies. Its unique properties, such as high melting point and density, make it irreplaceable in many applications.
• Although recycling efforts for tungsten are increasing, they currently supply only about 20-25% of annual consumption in the U.S. The growing demand, particularly from defense sectors, means that new mine supply is essential to meet the shortfall.

BEST MOMENTS

"We are firmly positioned, we believe, as the leader in U.S.-focused tungsten exploration and development." 

"When Russia invaded Ukraine, it became clear that the Western world needed safe domestic sources of these important input metals." 

"The U.S. has no domestic supply. It hasn't mined any primary tungsten for over 10 years now." 

"It's a really unique metal because it has the highest melting point of any metal on the planet."

"We're seeing a lot of investors pick up on this... critical metals is such an important global narrative right now."

VALUABLE RESOURCES

Mail:        rob@mining-international.org

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer:

• Insurance risk surveys recognised as an industry standard
• Construction risk reviews
• Asset criticality assessments and more

Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com

GUEST SOCIALS

https://www.guardianmetalresources.com/

info@guardianmetalresources.com

https://x.com/GuardianMetRes

https://www.linkedin.com/company/guardianmetalresources/

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

rob@mining-international.org

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.