Power Metal Resources plc reported holding 43.2% of voting rights in Nevada-focused Guardian Metal Resources plc.
ASSETS
A TR-1 standard form for notification of major holdings showed that the threshold was crossed on 9 January 2025.
Power Metal now holds 53,998,159 voting rights having previously held none.
Under its original name of Golden Metal, Guardian was a spin-out from parent company Power Metal.
Guardian owns the flagship Pilot Mountain tungsten project as well as Garfield copper-gold and Stonewall gold licences acquired by Power Metal in 2021 from Sunrise Resources plc, which retains a royalty.
Guardian is also exploring for gold at Golconda Summit and lithium at Kibby Basin.