Guardian Metal Raises $8M to Fast-Track Nevada Tungsten Production by 2028
Guardian Metal Resources announced it will fast-track its Nevada tungsten project to address a projected 50% U.S. supply shortfall, targeting first output in early 2028. The company raised $8 million in April to fund pilot-plant engineering, feasibility studies and permitting for its flagship deposit.
1. U.S. Tungsten Supply Deficit
North America currently imports about half of its tungsten needs, leaving a critical vulnerability in defense and industrial supply chains that Guardian Metal Resources aims to remedy.
2. Nevada Project Development
The company plans to advance its flagship Nevada deposit through final feasibility and engineering, with construction of a pilot-scale processing plant slated for H2 2026 to validate recoveries.
3. Financing and Partnerships
In April, Guardian Metal closed an $8 million private placement to fund permitting, pilot-plant construction and early engineering, while engaging third-party processing partners.
4. Production Timeline
With permits secured from state authorities, the firm targets first commercial concentrate shipments in Q1 2028, scaling to full annual output thereafter to reduce import reliance.