Two new executives bring over 30 years’ experience each to Guardian Metal

The U.S. Defense Logistics Agency awarded a $2B contract for tungsten supplies, with a $450M investment from the Department of War. GoldHaven Resources (CSE: GOH) completed drilling at its Kuhn tungsten-skarn target, intersecting skarn mineralization in two locations. Almonty Industries (NASDAQ: ALM) began commercial operations at its Sangdong plant, with 90% of Phase I production contracted. Guardian Metal (NYSE: GMTL) reported drilling results from its Tempiute project.

The article says tungsten has outperformed gold, silver and copper over the past year and that the U.S. has not mined tungsten since 2015, while China supplies about 80% of global tungsten and nearly 90% of processing. It notes a U.S. defense rule from Jan 1, 2027 banning tungsten routed through China. It highlights Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) acquiring 33 tungsten and antimony projects near its Springer complex, with consideration including 2.8M shares, $5.0M cash, and a 1% NSR r

Guardian Metal Resources (GMTL/GMET/GMTLF) reported results of a S-K 1300 pre-feasibility study for its Pilot Mountain tungsten project in Nevada. Base case assumes conventional open-pit mining and tungsten price of $197,300/tonne WO3, with after-tax NPV8 of $660.3M and IRR 59.6%; at a 12 Jun 2026 spot price, after-tax FCF $2.088B, IRR 101.6%, NPV8 $1.366B. Production is targeted for Q4 2028.

Tungsten APT prices have risen about 557% since China added tungsten products to export controls in Feb. 2025, pushing the European benchmark toward US$2,250/mt unit by March 2026, according to the article. GoldHaven (CSE: GOH) highlighted its 37,000-hectare Magno Project in BC, citing historical tungsten results up to 6,550 ppm and indium up to 334 ppm, and plans for 2026 drill testing. The release also notes Canada’s expanded 30% critical-minerals tax credit for tungsten and a U.S. DoD acquisi

GeoPark has won a bid for the Corralera NE block in Argentina, estimated to hold 200 million barrels of oil and gas. The company plans to drill two test wells, with initial costs covered by existing cash. The block is located in the Vaca Muerta region, near existing infrastructure and production areas. GeoPark expects to fund the project without altering its capital allocation priorities.

Pending home sales fell 7.3% in September, per the National Association of Realtors. Walmart launched a joint Walmart+ and Sam’s Club Plus membership for $120 annually. Boeing received FAA approval for the 737 MAX 10, delayed since 2020. 3M reported strong sales, boosting the Dow Jones Industrial Average.