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Following the 2 RNS so far this week Oliver has been interviewed on Stockbox this afternoon. He gives a very comprehensive update on what GMET is doing and the company are very busy on several fronts.

https://youtu.be/Bi7Rlvx_vX0?si=RVlYcu4TGGw-THsP

Well worth a listen.

Australians back at work now after their summer holidays. SVML closed Up 6.62% in Australia probably as the Australian market starts to recognise the significance of the Optimised PFS and the increased likelihood of a bid in the coming months.

The second GMET IRNS this week. This is about copper at Pilot Mountain:

“ Oliver Friesen, CEO of Guardian Metal, commented:

"We are very pleased with the confirmation of high-grade copper and molybdenum mineralisation at surface from a newly discovered mineralised breccia found within the Porphyry South target. These results validate our belief in the significant potential of Pilot Mountain as a large-scale multi-metal project. The discovery of a hydrothermal breccia zone with outcropping Cu-Mo mineralisation is a game-changer for this underexplored target area and underscores the potential scale and quality of this asset."

The sp is rising this morning currently Up 3.66% which is good to see after yesterdays bizarre drop on good news that the purchase of the new tungsten mine was progressing in accordance with the stated timeline.

The second RNS this week. This is about copper at Pilot Mountain:

“ Oliver Friesen, CEO of Guardian Metal, commented:

"We are very pleased with the confirmation of high-grade copper and molybdenum mineralisation at surface from a newly discovered mineralised breccia found within the Porphyry South target. These results validate our belief in the significant potential of Pilot Mountain as a large-scale multi-metal project. The discovery of a hydrothermal breccia zone with outcropping Cu-Mo mineralisation is a game-changer for this underexplored target area and underscores the potential scale and quality of this asset."

The sp is rising this morning which is good to see after yesterdays bizarre drop on good news that the purchase of the new tungsten mine was progressing in accordance with the stated timeline.

No direction from Australian trading today as the Australian market is closed for Australia Day, which marks the end of Australia’s summer holiday. The market will kickback into gear tomorrow.

Clearly they were satisfied with the due diligence as they have proceeded to the next stage of this very well structured deal,which should allow GMET to produce Tungsten earlier than will be possible at Pilot Mountain. The deal is structured very well involving minimal funding as the seller will be paid from successful tungsten production.

I have always been in BLU for Satoshipay which I have always considered an interesting company. When FFWD sold their holding in Satoshipay to BLU, I took a holding in BLU, which I built over time. The original micro payments product was very good but unfortunately ahead of its time as industries like publishing were not prepared to move from their subscription to a whole publication model to one where you could just pay for particular articles. They had to adapt the technology and did a lot of work to get Dtransfer running. They appear to have moved Dtransfer along and it has now become Vortex,which is up and running and now looks set to pull in the big boys in their market place Visa and Mastercard. They have done a lot of work over a number of years and appear to be returning to their low transaction charge routes. I have been averaging down and am particularly encouraged by Meinhard Benn taking a stake because he definitely knows what is going to happen at Vortex and Satoshipay.

When you consider the percentage of global transactions that are processed by Visa and Mastercard, Vortex are going to be exposed to a massive market that will give them the volume they need for their low charges model. This has massive potential and when the news lands you will not be able to buy shares at today’s price. It has been a long wait but the end game is now in sight.

It is interesting to note the comments about AMAC in the Bloomberg article bearing in mind the POW RNS on 9th December:

“ Letter of Intent signed with Al Masane Al Kobra Mining Company ("AMAK")

Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed exploration company with a global project portfolio, notes an update to its announcement of 10 September 2024. As previously notified, a Letter of Intent ("LOI") was signed to enter into a binding agreement with Al Masane Al Kobra Mining Company ("AMAK"), a Saudi Arabian listed exploration and mining company, for Power Metal to spend US$3,000,000 to earn a 49% stake in the Qatan exploration licence in southern Saudi Arabia (the "Proposed Agreement"). The formal agreement signature date deadline has been extended a further three months to enable finalisation of the formal binding agreement which the Company hopes to be in the coming weeks rather than months.

Although there can be no certainty at this stage given the non-binding nature of the LOI, the Directors remain confident that the Proposed Agreement will become binding. Further announcements relating to the Proposed Agreement will be made as appropriate.

The Power Metal technical team is ready to start work as soon as the formal binding agreement is signed and are keen to get started on this exciting project.”

POW are in the right place at the right time with Power Arabia as the Saudi’s clearly need help with getting companies to undertake mining projects in Saudi Arabia.

The steady rise following the Optimised PFS continues this morning. One would imagine that on the back of this excellent progress, which could lead to a bid at any time, we will see this rise continue. The first target is the 52 week closing high of 42p set on the 21st November. It should then keep climbing in anticipation of the bid and we all know the higher the sp goes,the higher the bid will have to be.

Athabasca should be an even more attractive location following the resignation of Trudeau who has been a woke disaster for mining in Canada. The new Government should take a much more pro mining attitude as it is Canada’s best asset. The permitting times under Trudeau have been several years. Looking forward to the updates on Uranium and Power Arabia. Also following the 11th December RNS Fatty Bell should have paid the outstanding £50000 on 20th January.

GMET’s 9.2% rise seems to have been noticed now at POW which is moving Up on some decent buys of up to 150000. The volume at POW now exceeds the volume at GMET. POW now Up 6% at 13.25 on volume of 469000.

I agree POW is very undervalued with GMET alone valued at £4 million more than POW’s market cap. I have a larger holding in GMET than POW but bought more POW this week as it seems a cheap way to be exposed to GMET with everything else in POW for free.

Share price reacting to recent news and perhaps anticipating further news on the mine acquisition. Currently Up 4.62% at 34p. We last saw 34p at the beginning of September on its way down from the late August all time closing high of 37p. The next news should take us back to that previous closing high and hopefully push through it,giving a very promising start to 2025. GMET has moved up slowly this week on low volumes, so if any serious volume kicks in this will move quickly.

This afternoon Barclays at last put the MTL shares into my ISA together with the cash.

Executive Order

RNS stating how beneficial the Presidential Executive Order on critical minerals will be to GMET. The future looks even brighter than it did already. Trump wants immediate action and the bureaucracy will get that message loud and clear:

“ Section 5(b,c,d) - Efficient Permitting and Reducing Regulatory Hurdles: Sets out provisions to expedite and simplify the permitting process by federal agencies that could otherwise add delays and ambiguity to the process. The focus will be on expediting the development timelines for U.S.-based projects, providing clarity and efficiency in navigating federal permitting requirements. Pilot Mountain is located on federal land and as such is subject to federal permitting requirements”

The Grant should now be expedited if they want to keep their jobs

Article on Mining.com:

“Zambia is pinning its hopes on the mining sector for an economic revival after the worst drought in living memory caused a sharp slowdown in growth this year, its finance minister said on Tuesday.

Situmbeko Musokotwane told an event on the economic outlook that new mines were opening imminently and old mines were re-investing to lift output.

“If all goes according to plan, 2025 should be the start of this revival and it will be getting stronger and stronger each year going forward,” he said.

The government estimates last year’s copper production was over 770,000 tons, an increase on the 698,000 tons produced in 2023.

Zambia wants to raise copper output to about 1 million tons by 2026 and further out to 3 million tons.

A finance ministry presentation to the same event showed officials were still optimistic that economic growth would reach 6.6% this year.”

Rick Rule who is a large shareholder thinks Rio will take it over although he would prefer the larger gains that would be made if SVML retained ownership. The comment from Alan Green about Glencore is one I have flagged before on the back of Rick Rule saying other large miners would like this Tier 1 deposit. Let’s hope Glencore do make a bid as a bidding war with Rio would push up the price. Interesting weeks ahead as agreements with Rio kick in on publication of the PFS with a 90 day timeframe if memory serves.

RNS stating how beneficial the Presidential Executive Order on critical minerals will be to GMET. The future looks even brighter than it did already. Trump wants immediate action and the bureaucracy will get that message loud and clear:

“ Section 5(b,c,d) - Efficient Permitting and Reducing Regulatory Hurdles: Sets out provisions to expedite and simplify the permitting process by federal agencies that could otherwise add delays and ambiguity to the process. The focus will be on expediting the development timelines for U.S.-based projects, providing clarity and efficiency in navigating federal permitting requirements. Pilot Mountain is located on federal land and as such is subject to federal permitting requirements”

The Grant should now be expedited if they want to keep their jobs.

I suspect you are right as there is a big mining conference on in Saudi. I listen to a Kitco interview at the conference with Canadian Mining legend Frank Giustra, who said the Future Minerals Forum in Saudi Arabia was now one of the best global mining conferences. Absolutely everybody is there so it is very useful for meeting people and doing business. Sean is in the right place and We should hear what he has achieved soon.