Guardian Metal Resources PLC Announces Exercise of Options

Rhea-AI Summary

Guardian Metal Resources (NYSE American:GMTL) reported the exercise of options over 500,000 new ordinary shares at an exercise price of 14 pence, raising £70,000.

The new shares are expected to be admitted to trading on AIM on or around 8 June 2026, increasing issued share capital to 194,807,981 ordinary shares, representing total voting rights.

Positive

• Exercise of 500,000 options raises £70,000 at 14 pence per share
• Issued share capital increases to 194,807,981 ordinary shares, enhancing total voting rights base
• AIM admission of 500,000 new option shares expected on or around 8 June 2026

Negative

• None.

News Market Reaction – GMTL

+2.61%

15 alerts

+2.61% Session close to close

+9.6% Peak in 2 hr 28 min

$715.67M Market Cap

0.9x Rel. Volume

In the Jun 2 session, GMTL gained 2.61%, reflecting a moderate positive market reaction. Argus tracked a peak move of +9.6% during that session. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details the exercise of options over 500,000 new ordinary shares at 14 pence, rais...

Analysis

This announcement details the exercise of options over 500,000 new ordinary shares at 14 pence, raising £70,000 and taking issued capital to 194,807,981 shares post-admission. It follows a similar option exercise and voting-rights disclosure in April 2026, reinforcing the importance of tracking incremental share-count changes. Against a pre-news price of $15.71 and a 52-week range of $12.75–$22.205, investors may watch future updates for further dilution or project-driven catalysts.

Key Figures

Options exercised: 500,000 shares Exercise price: 14 pence per share Gross proceeds: £70,000 +5 more

8 metrics

Options exercised 500,000 shares New ordinary shares from option exercise

Exercise price 14 pence per share Option exercise price

Gross proceeds £70,000 Raised from option exercise

Par value 1 pence Par value per new ordinary share

Admission date 8 June 2026 Expected AIM admission of Option Shares

Post-admission shares 194,807,981 shares Issued share capital after Admission

Pre-news price $15.71 Price before this announcement

52-week range $12.75–$22.205 Low and high prior to this news

Historical Context

5 past events · Latest: May 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 21	Board change	Positive	-2.8%	Appointment of experienced mining executive as Independent Non-Executive Director.
May 13	Project update	Positive	+9.8%	Tempiute tailings mapping, 193 new claims and planned drilling program.
May 6	PFS progress	Positive	+9.0%	Pilot Mountain PFS progress backed by $6.2m Defense Production Act funding.
Apr 30	Voting rights update	Neutral	-0.9%	Disclosure of total voting rights and shares outstanding for FCA calculations.
Apr 8	Option exercise	Neutral	-1.0%	Exercise of 300,000 options raising £42,000 and updating share capital.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent operational and project updates tended to see positive price reactions, while board or capital-structure housekeeping items saw modest declines.

Recent Company History

Over the past two months, Guardian Metal Resources has reported several Nevada-focused tungsten project milestones, including a Pilot Mountain PFS update supported by a $6.2m award and a Tempiute mine tailings expansion that lifted the footprint by over 375%. These technical updates saw strong positive one-day moves. In contrast, board changes, option exercises, and voting-rights notices in April–May 2026, including today’s option exercise, were followed by small negative or muted reactions, framing this announcement as part of routine capital-structure evolution.

Key Terms

options, ordinary shares, admitted to trading on aim, total voting rights, +2 more

6 terms

options financial

"announces that the Company has received a notice to exercise options over a total of 500,000"

Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.

View in glossary

ordinary shares financial

"exercise options over a total of 500,000 new ordinary shares of 1 pence each in the Company"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

admitted to trading on aim regulatory

"Application will be made for the 500,000 Option Shares to be admitted to trading on AIM"

Admission to trading on AIM means a company’s shares have been approved to be bought and sold on the Alternative Investment Market in London, a public venue aimed at smaller or growing firms. For investors this matters because it creates a visible market price and makes shares easier to buy or sell, while bringing a baseline of regulation and disclosure that can affect liquidity, access to capital and investment risk.

total voting rights regulatory

"Following Admission, the Company's issued share capital will comprise 194,807,981 ordinary shares"

The total voting rights number is the count of shares that carry the right to vote at a company’s shareholder meetings, reflecting how much voting power exists in the market. Investors use it to understand control and influence—like knowing how many votes are in play when measuring ownership stakes, calculating a shareholder’s voting percentage, or assessing how easy it would be for a holder to sway decisions.

financial conduct authority regulatory

"required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's"

A government-authorized regulator that sets and enforces rules for banks, brokers, insurers and other financial firms to keep markets fair and safe. Think of it as a referee for the financial system: it watches for cheating, protects consumers, and can penalize companies that break the rules. Its actions matter to investors because enforcement decisions, rule changes or approvals influence company costs, reputations and overall market confidence.

disclosure and transparency rules regulatory

"determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules"

Rules that require companies to provide accurate, timely and complete information about their finances, operations, risks and governance to regulators, investors and the public. They matter to investors because consistent, clear reporting is like a reliable scoreboard: it makes it easier to compare companies, spot problems early, reduce surprises and fraud, and form better expectations about future performance and value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LONDON, UK / ACCESS Newswire / June 2, 2026 / Guardian Metal Resources plc ("Guardian Metal" or the "Company") (LON:GMET)(OTCQB:GMTLF)(NYSE American:GMTL), a strategic exploration company focused on tungsten in Nevada, USA, announces that the Company has received a notice to exercise options over a total of 500,000 new ordinary shares of 1 pence each in the Company ("Option Shares") at an exercise price of 14 pence per Option Share, raising £70,000 for the Company.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 500,000 Option Shares to be admitted to trading on AIM which is expected to occur on or around 8 June 2026 ("Admission"). The Option Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 194,807,981 ordinary shares of 1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact the following:

Guardian Metal Resources plc Oliver Friesen (CEO)	Tel: +44 (0) 20 7078 8496
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll	Tel: +44 (0) 20 7213 0880
Berenberg Joint Broker and Financial Adviser Jennifer Lee/Ivan Briechle	Tel: +44 (0) 20 3207 7800
Tamesis Partners LLP Joint Broker Charlie Bendon/Richard Greenfield	Tel: +44 (0) 20 3882 2868
Tavistock Financial PR in the UK Emily Moss/Josephine Clerkin	Tel: +44 (0) 7920 3150 / +44 (0) 7788 554035 guardianmetal@tavistock.co.uk
Edelman Smithfield Financial PR in the US	guardianmetal@edelmansmithfield.com

About Guardian Metal Resources

Guardian Metal Resources PLC (NYSE.A: GMTL, LON:GMET, OTCQB:GMTLF) is a strategic mineral exploration company driving the revival of U.S. mined tungsten production and strengthening America's defense metal independence. The Company is advancing two tungsten projects, Pilot Mountain, one of the largest undeveloped tungsten deposits in the U.S. and Tempiute, formerly America's largest producing tungsten operation, both located in Nevada, one of the top-rated mining jurisdictions in the United States.

In July 2025, the U.S. Department of War (DoW) under Title III of the Defense Production Act of 1950, as amended, invested U.S. $6.2M in Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal Resources PLC, to support the Pilot Mountain PFS. The Company completed a U.S. listing on the NYSE American on March 20, 2026.

Tungsten is a strategic metal critical to the defense, energy transition, technology, and industrial sectors. In the context of shifting geopolitical dynamics and tightening Chinese export restrictions, Guardian Metal is well positioned to play a leading role in re-establishing a secure, domestically mined U.S. supply chain for this vital defense metal.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Guardian Metal Resources PLC

View the original press release on ACCESS Newswire

FAQ

What did Guardian Metal Resources (GMTL) announce about option exercises on June 2, 2026?

Guardian Metal Resources announced the exercise of options over 500,000 new ordinary shares at 14 pence per share. According to Guardian Metal, this option exercise raises £70,000 in gross proceeds and leads to the issue of additional ordinary shares in the company.

How much capital does Guardian Metal Resources (GMTL) raise from the 500,000 option shares?

Guardian Metal Resources raises £70,000 through the exercise of 500,000 options at 14 pence per share. According to Guardian Metal, these newly subscribed shares provide additional funds while increasing the company’s issued share capital and total voting rights after admission to AIM.

When will the 500,000 new Guardian Metal Resources (GMTL) shares be admitted to AIM?

The 500,000 new Guardian Metal Resources option shares are expected to be admitted to AIM on or around 8 June 2026. According to Guardian Metal, these shares will rank pari passu with existing ordinary shares currently traded on AIM.

What is Guardian Metal Resources’ (GMTL) total issued share capital after the option exercise?

After admission of the option shares, Guardian Metal Resources’ issued share capital will comprise 194,807,981 ordinary shares of 1 pence each. According to Guardian Metal, this figure represents the company’s total voting rights for regulatory disclosure calculations under FCA rules.

How do the new option shares affect voting rights in Guardian Metal Resources (GMTL)?

Following admission, Guardian Metal Resources will have total voting rights of 194,807,981 ordinary shares. According to Guardian Metal, shareholders can use this figure as the denominator when assessing disclosure thresholds for interests or changes under Financial Conduct Authority transparency rules.