Guardian Metal Resources, a Tungsten-focused exploration-stage mining company with projects in Nevada, announced terms for its IPO on Monday.
The London, United Kingdom-based company plans to raise $50 million by offering 3.1 million ADSs at a price of $16.35, the as-converted March 12 close of its shares on London's AIM market (GMET).
Guardian Metal Resources is an exploration-stage mining company focused on tungsten and other minerals in Nevada. Its main projects are the Pilot Mountain and Tempiute tungsten properties, both located in historic mining districts with prior third-party production. In addition to tungsten, it holds early-stage copper, gold, silver, and lithium exploration properties. Current activities include engineering work to support a feasibility study at Pilot Mountain and ongoing exploration and resource-definition drilling at Tempiute.
Guardian Metal Resources was founded in 2021. It plans to list on the NYSE American under the symbol GMTL. BMO Capital Markets and Cantor Fitzgerald are the joint bookrunners on the deal. It is expected to price the week of March 16, 2026.
