Guardian Metal Rsrc. - Issue of Shares and Options and Directors Dealings

Guardian Metal Resources

24/12/2025 12:58

RNS Number : 8732M

Guardian Metal Resources PLC

24 December 2025

 

24 December 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Issue of Shares under STIP, Grant of Options and Directors' Dealings

 

Guardian Metal Resources plc (LON:GMET OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces that as part of the Company's STIP awards for 2025, the Company is issuing 229,249 new ordinary shares ("STIP Shares")  to directors who are participants in the scheme.

The Company has also granted options over 3,850,000 new ordinary shares  of 1 pence each in the Company("Ordinary Shares")  to certain Directors, employees and consultants to subscribe for new Ordinary Shares at an exercise price of approximately £1.31 (based on +20% of 30 day VWAP to 23 December 2025)  with a life to expiry of 3 years from their vesting date, 50 per cent of which will vest immediately and 50 per cent with a vesting date of 24 December 2026  (the "Options").

STIP Shares

A total of 229,249 new ordinary shares have been granted to Guardian Metal board directors (the "STIP Shares") at a value of approximately £1.05 per share, based on the 30-day VWAP on close of trading on 19 December 2025. The STIP Shares, along with a summary of existing ordinary shares held are outlined in the table below:

 

Director
Existing Ordinary Shares held
STIP Shares Issued
Number of Shares held post STIP
%age of Enlarged Issued Share Capital
Oliver Friesen
973,814
86,743
1,060,557
0.63%
J.T. Starzecki
Nil
107,906
107,906
0.06%
Mark Burnett
386,939
11,953
398,892
0.24%
Ben Hodges
115,010
22,647
137,657
0.08%
229,249


 

Grant of Options

Details on the grant of options are provided below and recognise the immense contribution made by the team to the rapid development of the Company and the strategic current value of its broad-spectrum natural resource focused exploration and development portfolio. A portion (£250,000) of the options granted to Oliver Friesen are covered under the UK's Enterprise Management Incentive (EMI) scheme. This does not impact the overall number of new options granted, rather provides a one-time tax advantage for him under the scheme.

2,225,000 of the Options have been granted to Guardian Metal board directors (the "Director Options"). The Director Options, along with a summary of existing options held are outlined in the tables below. In addition, a new pool totalling 1.625 million Options has been granted to Guardian Metal employees and advisors, to be allocated in line with the Board's instructions to non-Board team members, and with the same terms as the Director Options.

 

Existing options held by Directors

Director
Existing options held
Exercise price (p)
Expiry
Oliver Friesen
2,104,859
10.75
03.05.26
Oliver Friesen
500,000
14.00
21.12.26
J.T. Starzecki
500,000
14.00
21.12.26
Mark Burnett
500,000
14.00
21.12.26
Ben Hodges
Nil
Michael Schlumpberger
Nil
Total Existing options held
3,604,859


Director Options Granted

Director
Options Granted
Total Options Held
Oliver Friesen
625,000
3,229,859
J.T. Starzecki
500,000
1,000,000
Mark Burnett
400,000
900,000
Ben Hodges
400,000
400,000
Michael Schlumpberger
300,000
300,000
Total
2,225,000
5,829,859

 

The relevant PDMR disclosures are included below.

 

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 229,249 STIP Shares to be admitted to trading on AIM which is expected to occur on or around 2 January 2026 ("Admission"). The STIP Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 168,728,216 ordinary shares of 1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

For further information visit www.guardianmetalresources.com or contact the following:

Guardian Metal Resources plc
Oliver Friesen (CEO)
Tel: +44 (0) 20 7583 8304
Cairn Financial Advisers LLP
Nominated Adviser
Sandy Jamieson/Jo Turner/Louise O'Driscoll
Tel: +44 (0) 20 7213 0880
Berenberg
Joint Broker and Financial Adviser
Jennifer Lee/Ivan Briechle
Tel: +44 (0) 20 3207 7800
Tamesis Partners LLP
Joint Broker
Charlie Bendon/Richard Greenfield
Tel: +44 (0) 20 3882 2868
Tavistock
Financial PR
Emily Moss/Josephine Clerkin
Tel: +44 (0) 7920 3150 /
+44 (0) 7788 554035
guardianmetal@tavistock.co.uk

 

About Guardian Metal Resources 

Guardian Metal Resources PLC (LON: GMET, OTCQX: GMTLF) is a strategic mineral exploration company driving the revival of U.S. mined tungsten production and strengthening America's defense metal independence. The Company is advancing two co-flagship tungsten projects, Pilot Mountain, one of the largest undeveloped tungsten deposits in the U.S. and Tempiute, formerly America's largest producing tungsten operation, both located in Nevada, one of the top-rated mining jurisdictions in the U.S. 

In July 2025, the U.S. Department of War (DoW) under Title III of the Defense Production Act of 1950, as amended, invested US$6.2M in Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal Resources PLC, to support the Pilot Mountain PFS. The Company has announced plans to pursue a U.S. listing in the first half of 2026. 

Tungsten is a strategic metal critical to the defense, energy transition, technology, and industrial sectors. In the context of shifting geopolitical dynamics and tightening Chinese export restrictions, Guardian is well positioned to play a leading role in re-establishing a secure, domestically mined U.S. supply chain for this vital defense metal.

 

PDMR DISCLOSURE

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealings.

 

PDMR - STIP Shares

Details of the person discharging managerial responsibilities / person closely associated
Name
1. Oliver Friesen
2. J.T. Starzecki
3. Mark Burnett
4. Ben Hodges
Reason for the notification
Position/status
1. Chief Executive Officer
2. Executive Chairman
3. Non-Executive Director
4. Finance Director
Initial notification /Amendment
Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name
Guardian Metal Resources plc
LEI
213800J4SKZAMUEPGW34
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument
ordinary shares of 1p each
Identification code
ISIN: GB00BPQY8R36
Nature of the transaction
Issue of Shares
Price(s) and volume(s)
Price(s)
Volume(s)
1. 105.31p
2. 105.31p
3. 105.31p
4. 105.31p
86,743
107,906
11,953
22,647
Aggregated information
- Aggregated volume
229,249
- Price
105.31p
Date of the transaction
24 December 2025
Place of the transaction
Off Market

 

PDMR - Options

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
5. Oliver Friesen
6. J.T. Starzecki
7. Mark Burnett
8. Ben Hodges
9. Michael Schlumpberger
2
Reason for the notification
a)
Position/status
5. Chief Executive Officer
6. Executive Chairman
7. Non-Executive Director
8. Finance Director
9. Non-Executive Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Guardian Metal Resources plc
b)
LEI
213800J4SKZAMUEPGW34
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
ordinary shares of 1p each
Identification code
ISIN: GB00BPQY8R36
b)
Nature of the transaction
Issue of Options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
5. 131.37p
6. 131.37p
7. 131.37p
8. 131.37p
9. 131.37p
625,000
500,000
400,000
400,000
300,000
d)
Aggregated information
- Aggregated volume
2,225,000
- Price
131.37p
e)
Date of the transaction
24 December 2025
f)
Place of the transaction
Off Market

 

 

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