Guardian Metal Resources PLC SEC Filings

Guardian Metal Resources PLC reports director and senior management share purchases. On 17 July 2026, CEO Oliver Friesen bought 20,000 ordinary shares at 148p each for £29,749.50, lifting his holding to 1,100,657 shares, or 0.565% of issued share capital, with rights to acquire a further 3,099,177 shares through options within 60 days.

Non-executive director Michael Schlumpberger acquired 500 ADSs (2,500 ordinary shares) for $5,005, while Executive Chairman Jason Thomas Starzecki acquired 1,100 ADSs (5,500 ordinary shares) for $10,494. Including certain options, their potential holdings would be 202,500 shares (0.103%) and 900,656 shares (0.461%) respectively. Guardian Metal is a tungsten-focused strategic mineral exploration company advancing the Pilot Mountain and Tempiute projects in Nevada, with listings on NYSE American and in London.

Guardian Metal Resources PLC implemented previously approved share option arrangements with directors and its CEO after a closed trading period ended on 14 July 2026. The company granted 681,817 new options over ordinary shares of 1 pence each to certain directors.

Non-Executive Director Mark Thorpe received an option over 400,000 shares at an exercise price of £2.55, with 100,000 vesting immediately and 300,000 on 21 November 2026, expiring three years from grant. Non-Executive Director Michael Schlumpberger received a remaining 100,000-share option tranche at £1.31, vesting half immediately and half on 24 December 2026.

For CEO Oliver Friesen, an original option over 2,104,859 shares at 10.75p did not qualify for enterprise management incentive tax treatment. To restore the intended economics, the company granted an EMI option over 181,817 shares at 10.75p, extended the original option’s exercise period by five years to 3 May 2031, and agreed a capped tax indemnity.

Guardian Metal Resources PLC reported exploration results and claim-staking activity across seven non-core Nevada projects prospective for tungsten, precious metals, base metals and lithium. The portfolio now includes newly staked White Elephant and Cinch and expanded Pilot North and Garfield, while flagship efforts remain on Pilot Mountain and Tempiute.

At White Elephant, 57 claims were staked and channel sampling at the Pyramid Zone returned 95 ft (29.0 m) at 0.31% WO3, including shorter higher-grade intervals. Pilot North mapping outlined over 4,000 ft of outcropping skarn, with channels including 95 ft at 0.18% WO3 and copper-silver-rich sections. Cinch grab samples yielded up to 0.22% WO3 and 1,950 g/t Ag, while Garfield was enlarged by 56 claims and produced rock chips up to 11.2 g/t Au and 310 g/t Ag, plus a 180 ft channel averaging 0.064 g/t Au that suggests bulk-tonnage style mineralisation. The board is assessing options to advance these non-core assets for shareholders while focusing resources on moving Pilot Mountain and Tempiute toward potential commercial production; all reported projects remain at an exploration stage and true thicknesses of intervals are not yet defined.

Guardian Metal Resources has signed a strategic partnership with the Montana Mining Association, working alongside Montana Technological University and the Army Research Laboratory, to run a U.S.-based tungsten mining and recovery pilot program focused on defense applications.

The company will supply approximately 250–400 tonnes of stockpiled legacy ore from its Tempiute Tungsten project in Nevada, to be transported to Philipsburg, Montana, for trial processing, with first shipments expected by late summer 2026, subject to ongoing metallurgical and pilot-scale test work. The program aims to upscale domestic tungsten-rich tailings and legacy ore into tungsten metal powder, supporting a fully domestic mine‑to‑market supply chain and reinforcing Guardian Metal’s strategy around its Tempiute and Pilot Mountain projects.

UCAM Limited reports beneficial ownership of 42,841,352 ordinary shares of GUARDIAN METAL RESOURCES PLC. The filing states this equals 22.0% of the class based on June 30, 2026 outstanding share data. The CUSIP cited applies to the issuer's ADSs, with each ADS representing the right to receive five ordinary shares. The filing is an amended Schedule 13G/A signed by a director.

Guardian Metal Resources PLC reported its total voting rights as part of an update for shareholders. As at 30 June 2026, the company had 194,807,981 ordinary shares of £0.01 each in issue, with no shares held in treasury. This means the total number of voting rights in the company is also 194,807,981. Shareholders can use this figure as the denominator when calculating whether they need to disclose their holdings or any changes in their holdings under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

Guardian Metal Resources released a positive pre-feasibility study for its Pilot Mountain tungsten project in Nevada, outlining strong economics and a clear path toward potential development. At the base case tungsten price of US$197,300 per tonne of WO₃, the study indicates after-tax free cash flow of US$1.058 billion, an after-tax NPV₈ of US$660.3 million, and a post-tax IRR of 59.6% with a one-year capital payback from first commercial production.

The plan envisages initial capex of US$288.7 million for a 4,000 tonnes-per-day open-pit operation producing about 1,990 tonnes of WO₃ in concentrate per year over an initial eight-year mine life, totaling 15,916 tonnes of recovered WO₃. Probable reserves total 11.8 million tonnes grading 0.171% WO₃, containing 20,275 tonnes of WO₃ and 3.5 million ounces of silver.

At the 12 June 2026 tungsten spot price of US$304,000 per tonne, NPV₈ rises to US$1.366 billion and IRR to 101.6%, with modeled after-tax free cash flow of US$2.088 billion and a six-month payback. The project is supported by a prior US$6 million U.S. Department of War Defense Production Act investment and targets first ore through the mill in Q4 2028, subject to permitting, financing, and a future construction decision.

Guardian Metal Resources PLC reports a change in a major shareholding. UCAM Limited, a significant investor, has notified that on 26 June 2026 its position fell below a prior threshold. UCAM now holds 21.99% of Guardian Metal’s voting rights, corresponding to 42,841,325 voting rights in the company’s ordinary shares (ISIN GB00BPQY8R36). This is down from a previously reported level of 24.34%, indicating a modest reduction in its ownership while remaining a major shareholder. The notification was completed in London and the company furnished it to investors via this Form 6-K.

Guardian Metal Resources is preparing to release the Pre-Feasibility Study (PFS) results for its Pilot Mountain tungsten project in Nevada on 30 June 2026. This marks a key development step toward what the company aims to be the first new domestically mined U.S. tungsten operation in over 15 years.

The PFS is led by Guardian Metal’s in-house team with Samuel Engineering and other specialists, and is supported by a $6.2m Defense Production Act Title III investment from the U.S. Department of War into its U.S. subsidiary. Following publication, the company will host a live investor presentation via 6ix on 01 July 2026 at 11:00 ET / 16:00 BST to discuss the Study and outline next steps for Pilot Mountain.

Guardian Metal recently listed on the NYSE American and is advancing two Nevada tungsten projects, Pilot Mountain and Tempiute, positioning itself as a strategic supplier of this critical defense and industrial metal, while cautioning that project development depends on regulatory approvals, technical results, and other risks described in its SEC filings.