REG - Guardian Metal Rsrc. - Issue of Shares and Options and Directors Dealings
24/12/2025 13:00
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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
(https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.guardianmetalresources.com%2F&data=05%7C02%7CIvan.Briechle%40berenberg.com%7C00f8da6b9ebe494759a408de16cf75af%7Cf8a4d5212a2d4e94ab56260dada38157%7C0%7C0%7C638973277459723926%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=YCUT5g%2FIzKmUMa8S8T%2FXjZycrbY%2FtedE6ZaVAn%2BDcEM%3D&reserved=0)
or contact the following:
Guardian Metal Resources plc Tel: +44 (0) 20 7583 8304
Oliver Friesen (CEO)
Cairn Financial Advisers LLP Tel: +44 (0) 20 7213 0880
Nominated Adviser
Sandy Jamieson/Jo Turner/Louise O'Driscoll
Berenberg Tel: +44 (0) 20 3207 7800
Joint Broker and Financial Adviser
Jennifer Lee/Ivan Briechle
Tamesis Partners LLP Tel: +44 (0) 20 3882 2868
Joint Broker
Charlie Bendon/Richard Greenfield
Tavistock Tel: +44 (0) 7920 3150 /
Financial PR +44 (0) 7788 554035
Emily Moss/Josephine Clerkin guardianmetal@tavistock.co.uk (mailto: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 86,743
2. 105.31p 107,906
3. 105.31p 11,953
4. 105.31p 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 625,000
6. 131.37p 500,000
7. 131.37p 400,000
8. 131.37p 400,000
9. 131.37p 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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