Guardian Metal Resources PLC Announces Warrant Exercise

Rhea-AI Summary

Guardian Metal Resources (NYSE.A:GMTL, LON:GMET, OTCQB:GMTLF) has received a notice to exercise warrants over 3,989,027 new ordinary shares at an exercise price of 40 pence per share, raising £1,595,610.80 for the company. These warrant shares were originally issued as part of a strategic financing announced on 15 August 2024.

After this exercise, only 100,000 warrants remain outstanding, also exercisable at 40 pence per share and expiring on 25 January 2027, relating to the Tempiute Definitive Exploration Lease and Option to Purchase Agreement. Application will be made for the new shares to be admitted to trading on AIM, expected on or around 20 August 2026, where they will rank pari passu with existing ordinary shares.

Following admission, Guardian Metal Resources’ issued share capital will comprise 198,797,008 ordinary shares of 1p each, representing the total voting rights for disclosure calculations under UK FCA rules.

Positive

• Warrant exercise raises £1,595,610.80 in new capital at 40p per share
• Issuance of 3,989,027 new shares increases cash reserves without new debt
• Only 100,000 warrants remain outstanding, reducing potential future overhang
• Post-admission share capital set at 198,797,008 shares, clarifying voting base

Negative

• Issuance of 3,989,027 new shares increases share count and dilutes existing holders
• Remaining 100,000 warrants could cause further, albeit small, dilution if exercised

Market Context

-4.37% followed the 31 July 2026 total voting rights notice, adding a relevant precedent for another...

Analysis

-4.37% followed the 31 July 2026 total voting rights notice, adding a relevant precedent for another capital-structure update. The exercise also reduces the outstanding warrant balance; dilution and remaining warrant overhang are factors to watch.

Key Figures

Funds raised: £1,595,610.80 Exercise price: 40 pence per Warrant Share New ordinary shares: 3,989,027 shares +5 more

8 metrics

Funds raised £1,595,610.80 Warrant exercise

Exercise price 40 pence per Warrant Share Warrant exercise

New ordinary shares 3,989,027 shares Warrant exercise

Remaining Warrant Shares 100,000 shares After warrant exercise

Warrant expiry date 25 January 2027 Remaining Warrant Shares

Expected admission 20 August 2026 Expected AIM trading admission

Issued share capital 198,797,008 ordinary shares Following Admission

Share denomination 1 pence each Ordinary shares

Historical Context

5 past events · Latest: Jul 31 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 31	Total voting rights	Neutral	-4.4%	Reported issued shares and voting-rights denominator for disclosure calculations.
Jul 21	Director share purchase	Positive	+9.7%	Directors acquired ordinary shares and increased their reported holdings.
Jul 17	Share option arrangements	Neutral	+4.2%	New director options and amendments to existing executive option arrangements.
Jul 14	Exploration results	Positive	-7.2%	Reported assay results and additional claim staking across Nevada projects.
Jul 08	Strategic partnership	Positive	-9.4%	Signed a tungsten mining and recovery pilot-program partnership for defense applications.

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

Pattern Detected

Four of the last five selected news events diverged from their observed price direction, including positive or neutral announcements followed by declines or gains that did not match the event tone.

Key Terms

warrants, warrant shares, pari passu, disclosure and transparency rules

4 terms

warrants financial

"received a notice to exercise warrants over a total of 3,989,027 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

warrant shares financial

"raising £1,595,610.80 for the Company."

Warrant shares are the company stock that can be issued when holders exercise warrants — contracts that give someone the right to buy shares at a set price. Think of a coupon that lets you buy a product later at today’s price; if the market price rises above that set price, the coupon gains value and new shares are created. Investors care because issuing warrant shares can change ownership percentages, raise cash for the company, and offer leveraged upside or extra dilution depending on how the market moves.

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.

disclosure and transparency rules regulatory

"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 / August 17, 2026 / Guardian Metal Resources plc (NYSE.A:GMTL)(LON:GMET)(OTCQB:GMTLF), a strategic exploration company focused on tungsten in Nevada, USA, announces that the Company has received a notice to exercise warrants over a total of 3,989,027 new ordinary shares of 1 pence each in the Company at an exercise price of 40 pence per Option Share ("Warrant Shares"), raising £1,595,610.80 for the Company.

The Warrant Shares were issued in connection with the strategic financing raise as announced 15 August 2024.

Following the exercise of the Warrant Shares, there are only 100,000 Warrant Shares remaining on the register. They also have an exercise price of 40p per Warrant Share, with an expiry date of 25 January 2027. These Warrant Shares relate to Tempiute's Definitive Exploration Lease and Option to Purchase Agreement, as announced in January 2025.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 3,989,027 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 20 August 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 198,797,008 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.

For further information visit www.Guardianmetalresources.com or contact the following:

Guardian Metal Resources plc Oliver Friesen (CEO)	Tel: +44 (0) 20 7583 8304
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 defence metal independence. The Company is advancing two co-flagship tungsten projects, Pilot Mountain, one of the largest undeveloped tungsten deposits in the U.S. and Tempiute, formerly one of America's largest producing tungsten operations, both located in Nevada, one of the top-rated mining jurisdictions in the world.

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 recently completed 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 defence, 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 defence 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 its warrant exercise on 17 August 2026?

Guardian Metal Resources announced the exercise of warrants over 3,989,027 new ordinary shares at 40p per share, raising £1,595,610.80. According to Guardian Metal Resources, these shares were originally issued in connection with a strategic financing completed in August 2024.

How much capital does the Guardian Metal Resources (GMTL) warrant exercise raise and at what price?

The warrant exercise raises £1,595,610.80 at an exercise price of 40 pence per share. According to Guardian Metal Resources, this comes from 3,989,027 new ordinary shares issued as warrant shares connected to an earlier strategic financing round.

When will the new Guardian Metal Resources (GMTL) warrant shares be admitted to trading on AIM?

Admission of the 3,989,027 warrant shares to trading on AIM is expected on or around 20 August 2026. According to Guardian Metal Resources, the new shares will rank pari passu in all respects with the company’s existing ordinary shares already traded on AIM.

What will be the total voting rights of Guardian Metal Resources (GMTL) after the warrant exercise?

Following admission, Guardian Metal Resources will have 198,797,008 ordinary shares in issue, representing the total voting rights. According to Guardian Metal Resources, shareholders can use this figure as the denominator for UK FCA disclosure and transparency notification calculations.

How many Guardian Metal Resources (GMTL) warrants remain outstanding and when do they expire?

After this exercise, only 100,000 warrant shares remain on the register, each exercisable at 40p. According to Guardian Metal Resources, these remaining warrants expire on 25 January 2027 and relate to the Tempiute Definitive Exploration Lease and Option to Purchase Agreement.

How does the Guardian Metal Resources (GMTL) warrant exercise affect existing shareholders?

The exercise increases the issued share capital by 3,989,027 shares, which dilutes existing holdings but adds £1.6 million in cash. According to Guardian Metal Resources, the enlarged capital of 198,797,008 shares defines each investor’s percentage ownership and voting rights.