Guardian Metal Resources PLC Announces Warrant Exercise

The warrant exercise adds £42,000 in funding while issuing 300,000 new ordinary shares at 14 pence each.

Rhea-AI Summary

Guardian Metal Resources (GMTL) has received a warrant exercise notice raising £42,000 through the issuance of new ordinary shares.

The exercise covers 300,000 new shares at 14 pence per share. Application will be made for their admission to trading on AIM, expected on or around 23 October 2026. The new shares will have the same rights as existing ordinary shares. Following admission, issued share capital and total voting rights will each comprise 199,097,008 ordinary shares.

Positive

• Minor pointWarrant exercise raises £42,000 for Guardian Metal Resources.

Negative

• Minor pointIssuance of 300,000 new ordinary shares at 14 pence each dilutes existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.New shares await AIM admission, expected on or around 23 October 2026.

Key Figures

Warrant exercise proceeds: £42,000 Exercise price: 14 pence per Option Share Warrant Shares: 300,000 shares +2 more

Warrant exercise proceeds

£42,000

Proceeds to the Company from the warrant exercise

Exercise price

14 pence per Option Share

Price for the warrant exercise

Warrant Shares

300,000 shares

New ordinary shares to be admitted to trading

Issued share capital

199,097,008 ordinary shares

Following Admission

Expected Admission

On or around 23 October 2026

Expected admission of the Warrant Shares to AIM

Key Terms

warrants, pari passu

2 terms

warrants financial

"notice to exercise warrants over a total of 300,000 new ordinary shares"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

pari passu financial

"The Warrant Shares will rank pari passu in all respects"

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 / ACCESS Newswire / October 21, 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 warrants over a total of 300,000 new ordinary shares of 1 pence each in the Company ("Warrant Shares") at an exercise price of 14 pence per Option Share, raising £42,000 for the Company.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 300,000 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 23 October 2026 ("Admission"). The Warrant 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 199,097,008 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' warrant exercise raise and at what price?

The warrant exercise raises £42,000 through 300,000 new ordinary shares at an exercise price of 14 pence per share.

When will Guardian Metal Resources' warrant shares begin trading on AIM?

Admission of the 300,000 warrant shares to trading on AIM is expected on or around 23 October 2026. Following admission, the company will have 199,097,008 ordinary shares, representing its total voting rights.