Oxford Sigma and Golden Metal Resources Plc have signed a strategic memorandum of understanding to develop critical and sustainable metal supply pathways for tungsten alloys and tungsten containing materials within the fusion industry. This memorandum enables future collaboration between Golden Metal Resources’ mining projects in Nevada, USA and Oxford Sigma’s development of a sustainable raw materials supply chain for the global fusion industry.
The collaboration between Oxford Sigma and Golden Metal Resources Plc is a significant step in enabling the fusion community to identify new sustainable tungsten sources in the world. Without a viable commercial pathway for the supply of tungsten from raw materials to the fusion community, the commercialisation of fusion energy faces significant delays and possible reliance on sources of tungsten. Oxford Sigma’s development of tungsten alloys for fusion energy and focus on producing sustainable fusion materials combined with Golden Metal Resources’ preparedness to provide the fusion community with the tonnage of tungsten required for commercialisation together represent the type of international collaborations necessary for making a global fusion future reality.
Golden Metal Resources is a UK-based publicly traded (AIM:GMET) exploration and development Company which controls 100% of the Pilot Mountain Project located in the state of Nevada which is believed to host the largest undeveloped tungsten deposit within the United States of America. Golden Metal along with its partners, including Oxford Sigma, is looking to develop and secure reliable western world supply chains for the important energy metal including tungsten raw materials for use within the nuclear fusion industry.
Oxford Sigma is a fusion technology company that develops fusion materials and fusion in-vessel components to ensure long-term, commercial performance, and safe operation of fusion power plants. The company is developing reliable tungsten-based radiation shielding and plasma-facing components for the fusion industry. The strategic memorandum of understanding with Golden Metal Resources Plc is a perfect mutual combination of skills and assets in support of Oxford Sigma’s development of a tungsten raw materials supply chain for fusion energy needs.
‘The amount of tungsten that will be required within the fusion energy industry is quite staggering. With the signing of the MOU, we at Golden Metal very much look forward to working collaboratively with Oxford Sigma on further developing western world critical metal supply pathways in order to help meet the future tungsten requirements within this extremely important and rapidly developing technology.‘~ Oliver Friesen, CEO of Golden Metal Resources PLC
‘Commercial fusion power stations are on the path to become the ultimate terrestrial energy source. We are excited to partner with Golden Metal Resources Plc to connect the fusion community with the strategic raw tungsten supply necessary to make fusion work. Most of the approaches to fusion that Oxford Sigma is supporting depend on large quantities (hundreds of tonnes) of raw tungsten for various applications (radiation shielding and plasma-facing components). By collaborating with Golden Metal Resources, Oxford Sigma is on the path to establishing a sustainable tungsten supply for the world’s growing fusion industry.’~ Dr Thomas Davis, Co-founder and CTO of Oxford Sigma
About Golden Metal Resources
Golden Metal Resources plc is an AIM listed precious and strategic metal exploration and development Company which controls five highly prospective interests in mining friendly Nevada, which includes 100% ownership of Pilot Mountain which is believed to host the largest undeveloped tungsten resource in the United States of America.
About Oxford Sigma
Oxford Sigma is a fusion technology company tackling energy security and climate change by accelerating the commercialisation of fusion energy. Oxford Sigma’s mission is to deliver materials technology, materials solutions, and fusion design services in order to accelerate the commercialisation of fusion energy. Oxford Sigma is internationally recognised as a key fusion materials and technological leader within the market. The company operates in the United States, United Kingdom, European Union, Canada, and Japan.
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