- Guardian Metal Resources (GMTLF, Financial) supports a new Executive Order by President Trump focusing on national security and supply chain vulnerabilities.
- The Order could benefit GMTLF's Nevada tungsten projects by promoting domestic production.
- CEO Oliver Friesen emphasizes the strategic alignment with U.S. national security objectives.
Guardian Metal Resources plc (GMTLF) has expressed its endorsement for President Trump's Executive Order dated April 15, 2025, which initiates a national security review under Section 232 of the Trade Expansion Act. This order seeks to address the United States' reliance on imported processed critical minerals, including tungsten, which is pivotal for the country's defense, energy, and advanced manufacturing sectors.
The Executive Order mandates the Secretary of Commerce to evaluate the national security impacts of importing processed critical minerals. It also highlights the risks associated with foreign dependence and addresses concerns about foreign market manipulations. These strategic assessments align with Guardian Metal's objectives, as the company’s tungsten projects in Nevada are positioned to develop a domestic supply chain to reduce foreign reliance.
Oliver Friesen, the CEO of Guardian Metal Resources, emphasized the significance of this policy direction, drawing parallels with the successful Section 232 measures implemented during Trump's first term for steel and aluminum industries. The company plans to engage with government agencies to support U.S. national security initiatives by advancing its projects in Nevada and ensuring a secure tungsten supply chain.
Guardian Metal also plans to enhance its technical studies and community initiatives in response to the Executive Order, aiming to capitalize on this development to strengthen its position within the domestic mining industry. CEO Friesen noted this directive as a crucial step in fortifying the U.S.'s critical mineral supply chains, reinforcing the company's commitment to economic resilience and national security.
