Guardian Metal Resources PLC Announces Option Exercise

The option exercise adds £70,000 in funding while increasing the number of ordinary shares outstanding.

Rhea-AI Summary

Guardian Metal Resources (GMTL) has received an option exercise notice raising £70,000 through the issuance of new ordinary shares.

The exercise covers 500,000 new shares at 14 pence each. Admission to trading on AIM is expected on or around 3 November 2026. The new shares will have the same rights as existing ordinary shares. Following admission, issued share capital and total voting rights will comprise 199,597,008 ordinary shares, the denominator shareholders can use to assess interest notification requirements.

Positive

• Minor pointOption exercise raises £70,000 for Guardian Metal Resources.

Negative

• Minor pointIssuance of 500,000 new ordinary shares at 14 pence each dilutes existing holders.

Key Figures

Option shares: 500,000 shares Exercise price: 14 pence per share Proceeds: £70,000 +2 more

Option shares

500,000 shares

New ordinary shares covered by the exercise notice

Exercise price

14 pence per share

Option exercise terms

Proceeds

£70,000

Raised for the Company from the option exercise

Expected admission

On or around 3 November 2026

Expected AIM admission of the Option Shares

Issued share capital

199,597,008 ordinary shares

Following admission; represents total voting rights

Key Terms

exercise price, pari passu

2 terms

exercise price financial

"at an exercise price of 14 pence per Option Share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

pari passu financial

"will rank pari passu in all respects with the ordinary shares"

An instruction that different claims, securities, or creditors are treated equally and share rights or payments on the same priority level. For investors, it means their position will be paid or have voting power alongside others in the same class rather than being favored or subordinated—think of several people standing in one bus line who all get on together rather than some cutting ahead. That parity affects expected recovery in reorganizations, dividend order, and relative risk.

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LONDON, UK / ACCESS Newswire / October 30, 2026 / Guardian Metal Resources plc (NYSE.A:GMTL)(LON:GMET)(OTCQB:GMTLF), a strategic exploration and development 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 3 November 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 199,597,008 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.

The Directors of the Company are responsible for the release of this announcement.

For further information visit www.Guardianmetalresources.com or 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/Abigail Gilchrist/Eliza Logan	Tel: +44 (0) 7920 3150 / +44 (0) 7788 554035 guardianmetal@tavistock.co.uk
Edelman Smithfield Financial PR in the United States	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 US$6.2M in Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal Resources PLC, to support the Pilot Mountain PFS.² 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

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How much does Guardian Metal Resources' option exercise raise and at what price?

The option exercise raises £70,000 through 500,000 new ordinary shares at an exercise price of 14 pence per share.

When will Guardian Metal Resources' option shares be admitted to trading?

Admission of the option shares to trading on AIM is expected on or around 3 November 2026. Following admission, issued share capital and total voting rights will comprise 199,597,008 ordinary shares.