Golden Metal Resources PLC (AIM:GMET, OTCQB:GMTLF) chief executive Oliver Friesen shares key insights about his company's strategic focus and future outlook in an interview with Proactive London.
Golden Metal Resources, listed on the AIM market in London under the ticker GMET, is primarily concentrated on exploration and development in Nevada, recognized as a top mining jurisdiction globally. Its flagship project, Pilot Mountain, is particularly notable for hosting the largest undeveloped tungsten deposit in the US, a significant point amid rising geopolitical tensions and the critical need for diverse metal supply chains.
Friesen emphasized tungsten's growing importance, highlighting its extensive use in the military and emerging applications in nuclear fusion technology. With China dominating about 86% of the global tungsten supply, Golden Metal Resources aims to diversify this reliance, leveraging its US-based assets. Additionally, the company is tapping into the burgeoning demand for copper, vital for green technologies and global electrification efforts. Its Garfield property shows promise as a significant copper Porphyry, complementing its tungsten focus.
Pilot Mountain is currently at the resource development stage, and the company is in discussions for non-dilutive government grant funding due to the project's strategic importance.
Friesen expressed optimism for 2024, citing a general underinvestment in the junior metals and mining sector and an increasing demand for metals like tungsten and copper. He believes Golden Metal Resources is well-positioned to capitalize on these trends, especially with supportive government policies and funding in the US.
