Tungsten Ore Exploration and Development Company Guardian Metal(GMTL.US)IPO Priced at $16.35/ADS, Aims to Raise $50 Million

LootboxPhobia · 2026-03-17T07:27:46+00:00

Guardian Metal Resources announced its IPO terms on Monday, planning to issue 3.1 million American Depositary Shares at a price of $16.35 per share, raising $50 million. The company focuses on tungsten mining in Nevada and other minerals, with major projects including Pilot Mountain and Tempiute.

LootboxPhobia

2026-03-17 07:27:46

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Bloomberg Finance APP has learned that Guardian Metal Resources, an exploration-stage mining company focused on tungsten mines and with projects in Nevada, USA, announced its initial public offering (IPO) terms on Monday. The company plans to issue 3.1 million American Depositary Shares (ADS) at a price of $16.35 per ADS to raise $50 million. The company intends to list on the NYSE American market under the stock symbol “GMTL.”

Guardian Metal Resources was established in 2021. It is an exploration-stage mining company focused on tungsten and other minerals in Nevada. Its main projects are the Pilot Mountain and Tempiute tungsten assets, both located in historically operated mining areas. In addition to tungsten, the company also holds early-stage exploration assets for copper, gold, silver, and lithium. Current activities include engineering work to support the feasibility study of the Pilot Mountain project and ongoing exploration and resource definition drilling at the Tempiute project.

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