UCAM Limited holds 24.4% of Guardian Metal Resources (GMTL) in Schedule 13G

Rhea-AI Filing Summary

Guardian Metal Resources PLC ownership disclosure: UCAM Limited reports beneficial ownership of 47,411,352 ordinary shares, representing 24.4% of the class. The filing cites March 31, 2026 outstanding shares of 194,007,981 and notes each ADS represents five ordinary shares.

Insights

Equity Ownership Analyst

Significant passive stake disclosed by UCAM Limited at 24.4%.

UCAM Limited reports sole voting and dispositive power over 47,411,352 ordinary shares, equal to 24.4% of the class as of March 31, 2026. The filing is a Schedule 13G-style passive ownership disclosure, not an active change of control filing.

Because the position is reported on a beneficial-ownership schedule, subsequent trading activity or any change in voting intent would appear in later filings. Future Form 13D/13G amendments could clarify intent or control actions.

Compliance & Disclosure Specialist

Filing complies with beneficial-ownership reporting conventions and includes ADS ratio detail.

The CUSIP referenced applies to ADSs with each ADS representing five ordinary shares; the filing ties the percentage to an outstanding base of 194,007,981 shares as of March 31, 2026. UCAM certifies sole voting and dispositive power for the reported shares.

Watch for any amendments indicating a shift from passive to active status or additional schedules that change voting/dispositive descriptions.

Key Figures

Shares beneficially owned: 47,411,352 shares Percent of class: 24.4% Shares outstanding (base): 194,007,981 shares +1 more

4 metrics

Shares beneficially owned 47,411,352 shares Amount reported by UCAM Limited in Schedule 13G

Percent of class 24.4% Percent of ordinary shares outstanding reported in the filing

Shares outstanding (base) 194,007,981 shares Shares outstanding as of <date>March 31, 2026</date> (used for percentage calculation)

ADS ratio 1 ADS = 5 ordinary shares CUSIP statement noting ADS representation

Key Terms

ADS, Beneficially owned, Sole Dispositive Power, Schedule 13G

4 terms

ADS market

"The CUSIP number applies to the Issuer's American Depositary Shares ("ADSs")."

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

Beneficially owned regulatory

"Item 4. | Ownership (a) | Amount beneficially owned: 47,411,352"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power regulatory

" (iii) Sole power to dispose or to direct the disposition of: 47,411,352"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"form_type: "SCHEDULE 13G" in metadata and reporting context"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

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

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Accepted by SEC EDGAR 04/24/2026 - 04:15 PM Learn about SEC filing dates

FAQ

What stake does UCAM Limited report in Guardian Metal Resources (GMTL)?

UCAM Limited reports beneficial ownership of 47,411,352 ordinary shares, which is 24.4% of the class. The percentage is calculated using 194,007,981 ordinary shares outstanding as of March 31, 2026.

Does the Schedule 13G from UCAM Limited indicate control of GMTL?

The filing shows UCAM has sole voting and dispositive power over the reported shares, but a Schedule 13G is typically a passive disclosure. Any change to active control would usually be reflected by an amended filing such as a Schedule 13D.

How does the ADS ratio affect the reported ownership in GMTL?

The filing notes the CUSIP applies to ADSs where each ADS represents five ordinary shares. The ownership percentage is tied to the stated 194,007,981 outstanding ordinary shares as of March 31, 2026 and reflects that ADS ratio.

When was UCAM Limited's Schedule 13G signed and who signed it?

The Schedule 13G is signed by John Demaine, Director on 04/24/2026. The filing lists UCAM Limited's principal office as Level 5, 20 Fenchurch Street, London, England.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

GUARDIAN METAL RESOURCES PLC

(Name of Issuer)

Ordinary Shares, par value GBP 0.01 per share

(Title of Class of Securities)

401382106

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 401382106

1

Names of Reporting Persons

UCAM Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 47,411,352.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 47,411,352.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

47,411,352.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

24.4 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Percentage calculations based on 194,007,981 ordinary shares outstanding as of March 31, 2026 (including those represented by American Depositary Shares), as disclosed in the Issuer's report on Form 6-K furnished to the Securities and Exchange Commission on March 31, 2026. This CUSIP number applies to the Issuer's American Depositary Shares ("ADSs"). Each ADS represents the right to receive five ordinary shares.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GUARDIAN METAL RESOURCES PLC
(b)	Address of issuer's principal executive offices: 25 Eccleston Place, London, England SW1W 9NF
Item 2.
(a)	Name of person filing: UCAM Limited (the "Reporting Person") The CUSIP relates to ADSs, each representing the right to receive five ordinary shares.
(b)	Address or principal business office or, if none, residence: The principal business office of the Reporting Person is: Level 5, 20 Fenchurch Street, London, England, EC3M 3BY
(c)	Citizenship: The Reporting Person is a private limited company registered in England and Wales.
(d)	Title of class of securities: Ordinary Shares, par value GBP 0.01 per share
(e)	CUSIP Number(s): 401382106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 47,411,352
(b)	Percent of class: 24.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 47,411,352
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 47,411,352
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

UCAM Limited

Signature:	/s/ John Demaine
Name/Title:	John Demaine, Director
Date:	04/24/2026