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Guardian Metal Announces Pricing of Upsized U.S. Initial Public Offering

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  • Guardian Metal Resources plc priced its U.S. initial public offering of 4,444,400 American Depositary Shares (ADSs) at $13.50 per ADS for gross proceeds of approximately $60 million.
  • The ADSs represent 22,222,000 new ordinary shares issued by Guardian Metal Resources.
  • Underwriters have a 45-day option to purchase an additional 666,660 ADSs.
  • The offering is expected to close on March 24, 2026, subject to customary closing conditions.
  • ADSs are expected to begin trading on the NYSE American on March 20, 2026, under the ticker symbol "GMTL".
  • BMO Capital Markets Corp. serves as lead book-running manager, with Cantor Fitzgerald & Co. as book-running manager, D.A. Davidson & Co., Berenberg Capital Markets LLC, Tamesis Partners LLP as capital markets advisor, Cairn Financial Advisers LLP as Nominated Adviser, Berenberg & Tamesis Partners LLP as joint brokers.
  • A registration statement became effective on March 19, 2026, following SEC approval.
  • Admission of ADS Shares to the AIM market is expected around March 24, 2026, with post-admission issued share capital totaling 190,950,216 ordinary shares.
  • The prospectus does not constitute a regulated prospectus under EU or UK regulations & is not reviewed by the Financial Conduct Authority.
  • The announcement targets only qualified investors in the EEA & UK under relevant financial promotion regulations.
  • Guardian Metal Resources is an exploration-stage company focused on tungsten projects in Nevada, including Pilot Mountain & Tempiute.
  • The announcement contains forward-looking statements subject to risks regarding market conditions, regulatory approvals, & exploration results.