George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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So the Independent article above mentions a Tokamak reactor, I thought it might be interesting to see if they use Tungsten and any more info, found this article: https://www.iter.org/newsline/-/3951#:~:text=In%20its%202016%20baseline%20configuration,and%20particle%20exhaust%20will%20be
In which they say: "...tungsten is a remarkable material in terms of robustness and has the highest melting point (3422 °C) of all known elements, an elevated energy threshold for sputtering, and negligible fuel retention issues in comparison with beryllium. These are the principal reasons for deploying it in the divertor region, where steady heat and particle fluxes are extremely high. It does, though, have one serious drawback: as a very high atomic number material, only very small concentrations will be tolerable in ITER's fusion plasmas before the burn is compromised. Nevertheless, tungsten is the most widely favoured candidate in most magnetic confinement fusion reactor designs, and the long-term objective of ITER has always been to operate eventually with tungsten as sole plasma-facing material after starting first nuclear operations with beryllium main wall armour to ease the pathway to burning plasmas. In view of technical issues which have arisen during machine construction, this long-term plan is now being brought forward in a new proposal currently under development at the ITER Organization to go "full-tungsten" from the very beginning of operations. A review of this proposal was the sole objective of last month's STAC meeting (ITER Council Science and Technology Advisory Committee) held at ITER Headquarters."
The article, backing up everything OF has been saying, is quite bullish for the future use of Tungsten.
Another headline on Nuclear Fusion : https://www.independent.co.uk/tech/nuclear-fusion-plasma-clean-energy-b2534500.html
I would be very surprised if he let that opportunity pass, he must be as excited as a kid in a sweet shop getting ready to start a drill program at PM and getting to check all the new land at Garfield in person
It would be good to see him doing something onsite in Nevada on the tenements.
On a podcast last weekend it was mentioned that OF was flying to Nevada for meetings in Reno. I would imagine he will want to do a report from Nevada so perhaps this weekend or the beginning of next week.
Grant is the 'game changer' get that and all bets are off, takes the risk almost out of the equation
Pilot Mountain is the most immediate solution:
“ No domestic US primary tungsten production, and classified as a strategic mineral by the US Department of the Interior.”
That’s from the website and that’s why GMET are in line for a grant or grants relating to getting US tungsten production underway asap.
I noted a headline that the US had doled out 29bn usd of these grants as of March 31st
But even so PM is likely to be many years away from production so the DoD may be examining a more immediate solution to accommodate the 2026 import ban.
From listening to Oliver over the months there are several applications in with multiple departments. Department of Defense sound to have the deepest pockets and a more urgent need for tungsten closely followed by the Department of Energy.
The coming months sound to be a very interesting time fore GMET, load up whilst it's still in the low teens! IMO
So much going on here. Definitely don't have enough of them.
Interestingly on the roast chat on Sunday I think it was Charles who said the government grant was submitted in June last year and they take about a year to come through!!!
“ Oliver Friesen, CEO of Golden Metal, commented:
"A huge thanks to everyone on the team for all of the hard work that has gone into finalising preparations for this exciting drilling campaign. So much existing knowledge is held by those who have been involved with the Project previously, and we are thrilled that so many were interested in getting involved again as we look to rapidly grow and advance the Project given the USA's very pressing need for a domestic source of tungsten. We believe the importance and criticality of this Project is nearing all-time highs, and with this drilling programme we aim to both increase in-ground resources and collect import data which will be required in order for us to complete the Project's first economic study, further details of which we will announce in due course. I am very much looking forward to an exciting and news-rich spring and summer for Golden Metal."
The Sunday Roast podcast had as its guests Paul Johnson the former CEO before Shaun who remains a large shareholder with 3.7% and Charles Archer who has written reports on POW. There is a lot of very positive talk about POW and GMET particularly how undervalued they both are. It’s a long podcast which doesn’t just discuss POW and GMET but worth a listen as obviously Paul Johnson has some interesting insights having been involved with POW from the beginning.
As OF recently highlighted the potential we have for silver, on twitter I thought I'd point out:
We've all mentioned/read about how important Tungsten is to the military complex, but looking at our potential silver reserves in PM did you also know that SILVER is also critical to the military? There's about 500oz of silver in one Tomahawk cruise missile !
Golden Metal Resources CEO Discusses Significant Magnetic Geophysics Results at Garfield #gmet
https://www.youtube.com/watch?v=64IZtnrhym4
@LB probably even slightly less than that in the free float. I held 1% before all this blasted private raise & warrant exercise (lol), so will have to top up at some point to maintain my %. But there will be be others like myself under the radar - I'm sure the John Feneck guy in the US that's always talking about GMET must have at least 1%. So add up these sticky holders and potentially there's only probably on a % in the teens in free float.
Probably why the price is reasonably stable, but does respond to small volume.
On my watchlist - just 93m in issue of which 22m only in free float ?
Kevin Hornsby (Roast) has just posted on Telegram that he's interviewing Oliver at 11 and it should be available by 1ish
Yes great RNS but what we all really want are drill results - but all this preparation is highlighting where we'll be drilling later. Great stuff!
Nice RNS now! I think it might be time for a large (for me) top up!
Paul, I agree completely about lithium - absolutely no interest in it, and the world is moving away from lithium batteries in the coming years so I don't think medium or long term lithium projects are worth thinking much about.
Pilot Mountain can clearly be dramatically increased in resource, what I am most interested in is Garfield, and look forward to seeing the magnetic bullseyes from the recent survey and hearing about future drilling plans.
Donkey agreed that would be my be my ideal resolution for PM too.
I am very excited, like yourself, for more data on Garfield and Golconda, but have little or no interest in the lithium project.
Paul, I absolutely agree with you that it's not totally stalled Garfield, but imagine if the USG got their finger out and handed over a few million for Pilot Mountain exploration, we could then apply all the rest on Garfield.
Personally, I've no interest in a strategic partner for Pilot Mountain, I just want to dramatically improve the resource, and sell it off to the highest bidder. :-)
Thanks for the response folks.
All will become clearer once the mag survey results from Garfield are announced which really did sound like it should be any day now. If there's any interesting bullseyes like he's looking for then I think we'll hear of progress quite rapidly from the way Oliver has been speaking over the past few weeks. He wants to discover another porphyry system there which he sounds sure is there somewhere. Fingers crossed for that one!!!!
Donkey - I'm hoping that OF will apply the warrant exercise monies to Garfield. And he has said they are proceeding with Garfield so I don't now think it's holding it up that much.
If we can double PM that adds so much more value to the company and they could perhaps look for a strategic partner on improved terms.