Guardian Metal Resources (LSE:GMET) has filed a registration statement with the US Securities and Exchange Commission relating to a proposed initial public offering in the US of its American depositary shares (ADS).
The company intends to apply to list its ADS’s on the New York Stock Exchange under the ticker symbol GMTL. The offering is subject to market 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.
BMO Capital Markets will act as book running manager for the proposed offering.
In September 2025, Guardian Metal announced the IPO and consulted with its two largest shareholders UCAM and Duquesne Family Office.
As part of the discussions, the company has agreed that both shareholders should have the right to maintain their respective pro-rata shareholdings in Guardian Metal by way of a right of first refusal in respect of any new issue of shares.
Guardian Metal Resources is a US-focused tungsten explorer and developer which owns the Pilot Mountain and Tempiute projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Guardian Metal Resources
