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Guardian Metal puts out IPO pricing

Guardian Metal Resources (LSE:GMET) has priced its previously reported initial public offering (IPO) in the US at US$13.50 per American depositary share (ADS) for US$60 million ($84.62 million).

As part of the IPO, 4.44 million ADS, representing around 22.22 million ordinary shares, will be issued. The ADS’s are expected to begin trading on the NYSE American on 20 March 2026 under the ticker symbol GMTL.

BMO Capital Markets is acting as lead book-running manager, alongside Cantor Fitzgerald & Co. Davidson & Co and Berenberg Capital Markets are each acting as co-managers.

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

Guardian Metal is a Nevada-focused tungsten explorer and developer which owns the Pilot Mountain and Tempiute tungsten projects.

Pilot Mountain hosts one of the largest undeveloped tungsten deposits in the US, while Tempiute is formerly the US’s largest producing tungsten mine.

Write to Aaliyah Rogan at Mining.com.au

Images: Guardian Metal Resources
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Written By Aaliyah Rogan
Originally from New Zealand, Aaliyah brings several years of experience covering the resources sector, with a focus on companies, commodities and global mining markets. Her reporting has spanned European markets and the evolving global mining landscape, with a focus on the stories and market forces driving change across the sector.