REG - Guardian Metal Rsrc. - Launch of Roadshow for US Initial Public Offering

Guardian Metal ResourcesAnnouncement

16/03/2026 11:00

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RNS Number : 8010W  Guardian Metal Resources PLC  16 March 2026

16 March 2026

Guardian Metal Resources plc

 

("Guardian Metal" or the "Company")

 

Guardian Metal Launches Roadshow for US Initial Public Offering

 

Guardian Metal Resources plc (LON:GMET OTCQB:GMTLF), a US-focused
exploration-stage company focused on tungsten in Nevada, US, is pleased to
announce that it has launched the roadshow for its initial public offering in
the United States of approximately $50 million worth of American Depositary
Shares ("ADSs"), each representing five (5) ordinary shares, before
underwriting discounts and commissions.

 

The last reported sale price of Guardian Metal's ordinary shares on March 12,
2026 on AIM, a market of the London Stock Exchange, was £2.45 per ordinary
share (equivalent to approximately $16.35 per ADS based on an assumed exchange
rate of £1.00 to $1.3349). Based on such assumed offering price, before
underwriting discounts and commissions, the estimated total offering size
would represent an aggregate of 3,058,100 ADSs. Guardian Metal also expects to
grant to the underwriters a 45-day option to purchase up to an additional 15%
of the offering size of ADSs at the initial public offering price, before
underwriting discounts and commissions. All ADSs to be sold in the proposed
offering will be sold by Guardian Metal. The proposed offering is subject to
market and other conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or terms of the
offering.

 

Guardian Metal has applied to list its ADSs on the NYSE American under the
ticker symbol "GMTL."

Guardian Metal intends to use the net proceeds from the offering primarily to
advance development of its Pilot Mountain tungsten project, as well as to fund
exploration and early-stage engineering work at the Tempiute project and other
exploration targets and for general corporate purposes.

 

BMO Capital Markets Corp. is acting as lead book-running manager; Cantor
Fitzgerald & Co. is acting as bookrunning manager; and D.A. Davidson
& Co. and Berenberg Capital Markets LLC are each acting as co-managers for
the offering.

 

Tamesis Partners LLP is acting as capital markets advisor to Guardian Metal.

 

The proposed offering will be made only by means of a prospectus. A copy of
the preliminary prospectus related to the offering can be obtained from: BMO
Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street,
32nd Floor, New York, NY 10036, or by email at bmoprospectus@bmo.com
(mailto:bmoprospectus@bmo.com) .

 

For the avoidance of doubt, such prospectus will not constitute a "prospectus"
for the purposes of (i) Regulation (EU) 2017/1129 (the "EU Prospectus
Regulation") and will not have been reviewed by any competent authority in any
EU member state or (ii) the UK's Public Offers and Admissions to Trading
Regulations 2024 (the "POATRs") and will not have been reviewed by the
Financial Conduct Authority.

A registration statement relating to the ADSs has been filed with the U.S.
Securities and Exchange Commission (the "SEC") but has not yet become
effective. The ADSs may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This announcement does
not constitute or form part of an offer to sell or issue, or a solicitation of
an offer to subscribe for or buy securities. Neither this announcement nor
anything contained herein shall form the basis of, or be relied upon in
connection with, any offer, solicitation, sale or commitment whatsoever in any
jurisdiction in which such offer, solicitation, sale or commitment would be
unlawful prior to registration or qualification under the securities laws of
that jurisdiction.

 

In any member state of the European Economic Area (the "EEA") this
announcement and any offering are only addressed to and directed at persons
who are "qualified investors" ("EU Qualified Investors") within the meaning of
the EU Prospectus Regulation. In the United Kingdom, this announcement and any
offering are only addressed to and directed at persons who are qualified
investors within the meaning of paragraph 15 of Schedule 1 of the POATRs ("UK
Qualified Investors") and who are investment professionals as specified in
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Financial Promotion Order") or high
net worth companies, unincorporated associations etc. as defined in Article
49(2) of the Financial Promotion Order, or to other persons to which it may
otherwise lawfully be communicated or caused to be communicated (all such
persons being referred to as "relevant persons").

 

This announcement must not be acted on or relied on (i) in the United Kingdom,
by persons who are not relevant persons, and (ii) in any member state of the
EEA, by persons who are not EU Qualified Investors. Any investment or
investment activity to which this announcement relates is available only to
and will only be engaged with (i) in the United Kingdom, relevant persons, and
(ii) in any member state of the EEA, EU Qualified Investors.

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).

Forward Looking Statements

 

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature, including statements with regard to Guardian Metal's proposed
securities offering, and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions,
competition for qualified staff, the regulatory process and actions, technical
issues, new legislation, uncertainties resulting from potential delays or
changes in plans, uncertainties resulting from working in a new political
jurisdiction, uncertainties regarding the results of exploration,
uncertainties regarding the timing and granting of prospecting rights,
uncertainties regarding the timing and granting of regulatory and other third
party consents and approvals, uncertainties regarding Guardian Metal's or any
third party's ability to execute and implement future plans, and the
occurrence of unexpected events. Completion of the proposed offering and the
terms thereof are subject to numerous factors, many of which are beyond the
control of Guardian Metal, including, without limitation, market conditions,
failure of customary closing conditions and the risk factors and other matters
set forth in Guardian Metal's filings with the SEC. Guardian Metal undertakes
no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by law.

 

The information contained in this announcement is for background purposes only
and does not purport to be full or complete. No reliance may or should be
placed by any person for any purpose on the information contained in this
announcement or its accuracy, fairness or completeness. The information in
this announcement is subject to change.

 

For further information in the United States contact the following:

 

 Edelman Smithfield       guardianmetal@edelmansmithfield.com

 Financial PR in the US

 

For further information in the United Kingdom contact the following:

 

 Guardian Metal Resources plc                 Tel: +44 (0) 20 7078 8496

 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 in the UK                       +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 US-focused
exploration-stage company focused on tungsten in Nevada, US. Its principal
tungsten asset is the Pilot Mountain project, followed by the Tempiute
project, which are both situated in historic tungsten districts with
well-known occurrences of mineralization that have seen prior tungsten mining
activity by third parties.

 

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