Guardian Metal acquires Nevada land holder Lincoln Estates

17th Jun 2026 09:52

(Sharecast News) - Guardian Metal Resources announced on Wednesday that it has acquired Lincoln Estates Group, giving it 841 acres of real property and 2,540 acre-feet of annual water rights less than 10 miles from its Tempiute tungsten project in Nevada.

The AIM-traded tungsten-focused explorer said the $1.3m cash acquisition was a key de-risking milestone for Tempiute, a past-producing tungsten mine formerly known as the Emerson Tungsten Mine.

Guardian said the water rights are currently banked with the Lincoln County Water District and can be assigned or transferred for use within the service area, including Tempiute.

Chief executive Oliver Friesen said securing the water and property rights "materially de-risks and supports the accelerated advancement" of Tempiute.

He said the acquisition, together with infrastructure remaining from the mine's last period of operation in the 1980s, strengthened the project's foundation for redevelopment.

At 0929 BST, shares in Guardian Metal Resources were up 2.38% at 240.6p.

Reporting by Josh White for Sharecast.com.

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