Business
Tungsten Focused MoU and Key Appointment
Tungsten Focused MoU and Key Appointment.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n24 July 2023\nGolden Metal Resources plc\n('Golden Metal' or the 'Company')\nTungsten Focused MoU and Key Appointment\nGolden Metal Resources plc (LON:GMET), a mineral exploration company focused on tungsten, lithium, gold, copper and silver within Nevada, USA, announces updates which relate to its 100% owned flagship Pilot Mountain Project (\"Pilot Mountain\" or the \"Project\") located within the prolific Walker Lane Mineral Belt in Nevada, USA.\nMemorandum of Understanding - Tungsten Critical Metal Pathway:\n- The Company has signed a Memorandum of Understanding (MOU) with Oxford Sigma Limited (\"Oxford Sigma\"), a nuclear fusion technology company based in Oxfordshire, UK.\n \n- As 100% owner of what is believed by the Company to be the largest undeveloped tungsten deposit in the USA, the Company has entered into a non-binding MOU with Oxford Sigma which outlines how the two parties will collaborate to explore and develop critical metal supply pathways for tungsten alloy and tungsten containing materials within the fusion industry.\n \n- Fusion energy has the potential to be a near-limitless source of carbon-free energy for the future in which tungsten will likely be a key metal as it is a requirement for radiation shielding and plasma-facing materials.\n \n- Over US$6.2billion (as of 2023) of private investments have been made worldwide, targeting the fusion industry as its development towards commercialisation continues at pace. However, without the development of suitable and politically friendly tungsten supply pathways, this important technology may face significant delays.\n \nPilot Mountain Technical Key Appointment:\n- The Company has engaged Allan V. Moran, a highly respected modelling geologist with extensive previous working experience in the state of Nevada and western United States.\n \n- Mr. Moran has been engaged specifically to model existing tungsten-copper-silver-zinc mineralisation found at the Company's 100%-owned Pilot Mountain Project - with a specific focus on the Desert Scheelite Zone where the majority of the in-ground resource at Pilot Mountain is found. \n \n- ...