Guardian Metal upbeat on Trump's new energy policy
By Josh White
Date: Wednesday 22 Jan 2025
(Sharecast News) - Guardian Metal Resources welcomed one of newly-inaugurated US president Donald Trump's executive orders on Wednesday, titled 'Unleashing American Energy', flagging potential upside for the company as a result of the new policy.
The AIM-traded firm said the policy was intended to enhance domestic energy and natural resource development, with a strong focus on securing critical minerals such as tungsten, which Guardian Metal explores and develops in Nevada.
It said the executive order outlines measures designed to reduce US reliance on foreign sources for critical minerals, expedite permitting processes, and provide financial and regulatory support to domestic mining projects.
Guardian Metal said it viewed the initiatives as a significant opportunity to advance its Pilot Mountain tungsten project, which it said is strategically positioned to contribute to the US supply chain and national defence stockpile.
Key provisions of the order included directives to establish the US as a leading producer and processor of non-fuel minerals, highlighting tungsten's importance to both defence and civilian industries.
The order would also mandate federal agencies to simplify and accelerate permitting processes, which could significantly benefit Guardian's projects located on federal land.
Additionally, the policy directed the Secretary of Energy to consider critical mineral projects for federal funding and support, potentially providing Guardian Metal with access to financial incentives.
The executive order also required the Secretary of Defense to ensure the National Defense Stockpile was adequately supplied with critical minerals in the event of future shortages.
Guardian Metal said it believed its Pilot Mountain project was well-positioned to support that objective.
In response to the policy shift, Guardian said it planned to actively engage with relevant government agencies to align its projects with the new regulatory framework.
The company said it aimed to accelerate its development timelines through streamlined permitting, pursue federal funding opportunities, and continue its commitment to environmental and social responsibility in its operations.
"This executive order underscores the critical role domestic mining plays in securing America's energy independence and supporting key national security objectives," said chief executive officer Oliver Friesen.
"By prioritising the National Defense Stockpile and enhancing support for US mining competitiveness, the policy creates a clear pathway for Guardian Metal's projects to thrive over the next four years and beyond.
"Guardian Metal is proud to contribute to this national effort by advancing the development of our flagship Pilot Mountain tungsten Project, with our ultimate goal of supporting a robust and secure domestic supply of this vital metal to US consumers for years to come."
At 1310 GMT, shares in Guardian Metal Resources were up 2.34% at 32.75p.
Reporting by Josh White for Sharecast.com.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN