Guardian Metal Resources (GMET), a strategic development and mineral exploration company focused in Nevada, has announced it has been awarded £4.6m ($6.2m) from the U.S. Department of Defense (DoD) to accelerate the development of its Pilot Mountain tungsten project. In addition to this, the Group has successfully raised £15.6m ($21m) via a direct subscription of 26.9M shares at a price of 60p from existing shareholders and institutional investors.
