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Golden Metal Resources bet on Nevada

11 August 2022 15:15
AIM:GMET, OTCQB:GMTLF
Golden Metal Resources in Nevada

With £750,000 in pre-financing and four exciting projects in metal-rich Nevada to its name, London-based explorer Golden Metal Resources is primed for its upcoming IPO.

The company is planning on raising funds to explore significant claims across the state, with a portfolio holding potential for gold, silver, copper, and zinc.

But the real jewel in the explorer’s crown may be its Pilot Mountain project, hosting a robust Mineral Resources Estimate, dominated by USGS-listed critical metal Tungsten, which has seen price growth of 50 per cent this past year alone.

The London-based explorer has already completed a 3D induced polarization survey over the Pilot Mountain project to determine targets for a planned drilling campaign to be undertaken later this year.

The company said it is excited about the upcoming IPO and for what exploration through the year will uncover.

“Our 100 per cent owned Pilot Mountain project is now held within a simplified corporate structure; we have officially launched a very exciting IP geophysics programme and have begun preparations for a robust diamond drilling campaign planned for later in the year,” chief executive Oliver Friesen said.

“All of these factors combined have our team very excited about what is in store for Golden Metal Resources during the second half of 2022 and beyond.”

GMR is planning to list on the London stock exchange by Q3 2022.

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