DOD Awards $6.2M to Sustain Critical Production of Tungsten
Join Oliver Friesen, CEO & Executive Director of Guardian Metal Resources, for a live market update. Following the presentation, he will be available for a live Q&A.
Wed, July 23, 2025 at 11:00 AMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on two significant announcements from Guardian Metal Resources: a $6.2 million award from the U.S. Department of Defense and a successful capital raise of approximately $21 million. Executives Oliver Friesen and JT Starzycki discussed the implications of these developments for the company's operations and the U.S. tungsten supply chain. Key Discussion Points - Overview of the $6.2 million award from the U.S. Department of Defense for tungsten mining. - Successful capital raise of approximately $21 million. - The importance of the award in accelerating Guardian's tungsten production efforts. - The current state of the tungsten supply chain, particularly the reliance on China. - The significance of being the first U.S. company to receive Defense Production Act funding for tungsten mining. - The downstream supply chain for tungsten in the U.S. and commercial arrangements with companies like Global Tungsten and Powders. Decisions Made - No explicit d...
CEO & Executive Director at Guardian Metal Resources
Oliver Friesen has spent over ten years in the mining and oil & gas sectors working in various technical and corporate roles. Most recently, Oliver was Chief Executive Officer of Gold Lion Resources, a Vancouver-based exploration company focused on gold exploration in Idaho, USA. He holds a BSc (Hons.) degree in geology from University of British Columbia and a M.Sc. degree focusing in sedimentology from Simon Fraser University. He has been actively involved in mineral exploration since 2010 primarily working within Canada, United States, Australia and Africa.
Replay transcript excerpt
Speaker 1: I'll say good morning, good afternoon, good evening, depending on where in the world you're signing in from today. I saw at least a number of people sign in from Asia, so really appreciate you joining us close to midnight your time. That's very kind of you. I've got with me today Oliver Friesen, CEO of Guardian Metal Resources and JT Starzycki, the company's executive chairman. Gentlemen, how are you today? Speaker 2: Doing great, Romeo. Yeah, doing well. Thank you. Awesome. Speaker 1: So they're here to discuss 2 rapid fire press releases that went out this morning, London time. The granting of a $6.2 million award from the United States Department of Defense and the announcement of a successful raise of approximately $21 million US. So here's how today's going to work. 1st, I'm going to throw it to Oliver for a really just quick intro. Then I've got some questions for the executives today. And then I'm going to throw it to our live audience here for a few questions from your end. Try to get to a couple at least before we end today. The bottom of your bottom right of your screen, there's a chat button. Once you press that, that's where you're able to ask questions to both of them today. We'll try to get to as many as we can. But if we don't get to your question, just for whatever reason, we run out of time. There are a lot of you in the room, so there may just be too many. I'll make sure that those questions get to Oliver, JT, and the team, along with your email address or phone number so they can get back to you as quickly as possible. Speaker 1: But Speaker 1: honestly, before we get into anything else, I'll throw it to Oliver for a bit of an intro. Go for it. Speaker 3: Yeah, very good, Romeo. Good to chat again. I know it was only a few days ago, I th...
