No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Guardian Metal said on Wednesday that it had entered into a strategic partnership with the Montana Mining Association to advance a US-based tungsten mining and recovery pilot programme for domestic defence applications, alongside Montana Technological University and the Army Research Laboratory.
The AIM-traded company will supply an initial 250 to 400 tonnes of stockpiled legacy ore from its Tempiute Tungsten project in Nevada for trial processing in Montana.
First shipments are expected by late summer 2026, subject to metallurgical and pilot-scale test work, with further shipments possible if the initial programme succeeds.
Chief executive Oliver Friesen said the initiative represented "a tangible step toward building an entirely domestic supply chain, free from reliance on foreign sources."
At 1151 BST, shares in Guardian Metal Resources were down 5.23% at 185p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.