Guardian Metal Resources plc has completed a strategic financing of £2,154,074.58 (US$2.75m) via a direct subscription. The company issued 7,978,054 new ordinary shares of 1.0p each, representing 6.7% of its enlarged issued share capital, at 27p per share. The subscribers will receive one warrant with every two subscription shares, totalling 3,989,027 new warrants, with an exercise […]
Tag: Guardian Metal Resources plc
Guardian stakes more claims at Pilot
Guardian Metal Resources plc has staked 16 further claims at its Pilot Mountain tungsten project following indications of a “much larger” porphyry system than first expected. EXPANSION The company engaged porphyry copper deposit specialist Dr Lawrence Carter following the June discovery of the mineralised system in drill hole PM24-002 at the Nevada site. He will assess […]
Guardian receives £85,000 via warrant exercise
Guardian Metal Resources plc received £85,107.61 following notices to exercise warrants over 500,633 new ordinary shares of 1 pence each in the company. The exercise on 26 July, was at a price of 17p per warrant share. Following admission the company’s share capital will comprise 111,058,265 ordinary shares of 1p each, with voting rights. A TR-1 […]
Guardian strengthens management team
Guardian Metal Resources plc has appointed R Michael Jones as strategic advisor and Jeff Snyder as operations manager, with immediate effect. Mr Jones, currently chief executive officer of Next Step Power Corporation, was most recently CEO and president of Los Andes Copper Ltd. In the early 2000s, he co-founded and was CEO at Platinum Group Metals Ltd […]
Guardian to test Pilot Mountain garnet
Guardian Metal Resources plc has commissioned bulk sampling of garnet for testing from its Pilot Mountain tungsten project within the Walker Lake mineral belt in Nevada, USA. ECONOMICS A technical review earlier this year showed that industrial garnet comprised some 40% of the mineralised intervals across the Desert Scheelite and Garnet deposit areas. The bulk […]
Golden Metal renamed as Guardian Metal
Golden Metal Resources plc has officially changed its name to Guardian Metal Resources plc. The new name reflects the company’s “strategic metals” projects including Pilot Mountain tungsten and Garfield copper, aimed at the US defence, industrial and energy sectors. On 28 June, the company was upgraded from the OTCQB market to the OTCQX market in […]