DoD Awards $6.2M For Critical Tungsten Production | Oliver Friesen

Oliver Friesen, CEO of Guardian Metal Resources, discusses the critical importance of tungsten, especially for U.S. defense. He highlights the company's recent $6.2 million award from the Department of Defense, a validation of their efforts to establish domestic tungsten production. Friesen explains that tungsten is vital due to its use in munitions and armor, its unique physical properties, and China's control over 80% of the global supply, which is underscored by China's recent export ban. Guardian Metal Resources aims to reactivate U.S. tungsten mines, with the goal of bringing two projects into commercial production before the current administration leaves office, thereby reducing U.S. reliance on foreign adversaries for this essential metal. We're proud to have Guardian Metal Resources as a sponsor of Liberty And Finance.

Guardian Metal Resources: https://www.guardianmetalresources.com/
LON:GMET, OTCQX: GMTLF

DoD award: https://www.defense.gov/News/Releases/Release/Article/4252264/department-of-defense-awards-62-million-to-sustain-critical-production-of-tungs/

INTERVIEW TIMELINE:
0:00 Intro
1:20 US DoD award
3:50 Tungsten is a critical metal
9:00 Tungsten market
19:20 Balance sheet
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