Business
Nuclear Fusion Collaboration Agreement
Nuclear Fusion Collaboration Agreement.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n1 July 2024\nGolden Metal Resources plc\n(\"Golden Metal\" or the \"Company\")\nNuclear Fusion Collaboration Agreement\nGolden Metal Resources plc* (LON:GMET, OTCQB:GMTLF), a strategic development and mineral exploration company focused on Nevada, USA, is pleased to announce an update on its Memorandum of Understanding (\"MOU\")[1] with Oxford Sigma Limited (\"Oxford Sigma\"), a nuclear fusion technology company based in Oxfordshire, UK.\n*Golden Metal is to change its name to Guardian Metal Resources plc. Formal papers have been submitted and the name change confirmation is awaited from Companies House. The Company will confirm when this process is complete. The stock codes will remain as LON:GMET and OTXQB:GMTLF.\nHIGHLIGHTS:\n§ Further to the MOU announced by the Company on 24 July 2023, Golden Metal and Oxford Sigma have agreed to co-fund a research project titled \"Materials Selection for Fusion Breeder Blankets\" (the \"Project\") which forms part of Oxford Sigma's collaboration with the UK Atomic Energy Authority (UKAEA), which is also providing partial funding for the Project.\n \n§ The main goal of the Project is to quantify the use of tungsten and other critical metals within the fusion process. It is expected that results from the Project will highlight the extraordinary future demand the development of nuclear fusion would create for tungsten.\n \n§ The anticipated demand for tungsten in nuclear fusion, added to the growing requirements of the defence and industrial sectors, would add a further dramatic step change in the significance of tungsten for all industry participants and notably benefit Golden Metal as 100% owners of the Pilot Mountain Project, which is believed to be the largest undeveloped tungsten project on US soil.\nOliver Friesen, CEO of Golden Metal, commented: \n\"Golden Metal continues to lead critical minerals development in the London market with its objective to become a leading provider of critical metal resources in the USA.\n\"Alongside the significant amount of exploration and development work that is currently ongoing across our Pilot Mountain and Garfield projects, it is important that we continue to broaden our understanding as to what the major future demand drivers for tungsten will be.\n\"While tungsten usage within the defence space is currently at the forefront give...