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On 19 August 2025, Power Metal Resources plc agreed to sell its remaining 24,699,825 ordinary shares in Guardian Metal Resources plc for £13,584,904, at 55p per share, to an investment fund managed by Duquesne Family Office LLC. Following this disposal, the new shareholder will hold a 14.75% interest in Guardian Metal Resources plc's issued share capital.
| Date | 19 Aug 2025 |
| Time | 07:38:34 |
| Category | Miscellaneous |
| ID | 8748V |
19 August 2025
Guardian Metal Resources plc
('Guardian Metal' or the 'Company')
New Substantial Shareholder
Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic tungsten development Company focused in Nevada, USA, notes today's announcement by Power Metal Resources plc ("Power Metal") regarding the agreement to sell its remaining 24,699,825 ordinary shares in Guardian Metal ("Sale Shares") for £13,584,904 representing a price of 55p per Sale Share to an investment fund managed by Duquesne Family Office LLC ("Duquesne").
Following the disposal, the new shareholder will hold a 14.75% interest in the issued share capital of the Company.
https://www.londonstockexchange.com/news-article/POW/disposal-of-remaining-holding-in-gmet/17190029
Oliver Friesen, CEO of Guardian Metal, commented:
"I am delighted to welcome Duquesne as a major new shareholder, marking a strong endorsement of Guardian's position in the U.S. critical metals landscape. With our co-flagship tungsten projects in Nevada now moving into a pivotal growth phase, we are focused on delivering significant value for both Duquesne and our broader shareholder base."
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 20 7213 0880 |
|
Shard Capital Partners LLP Lead Broker Damon Heath/Erik Woolgar |
Tel: +44 (0) 20 7186 9000 |
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events.
Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.