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Guardian Metal Resources debuted on the New York Stock Exchange on Friday, after announcing the pricing of its US initial public offering. The London-based tungsten exploration company priced its 4.4 million American depositary shares, representing 22.2 million new ordinary shares, at $13.50 each. The company said it will raise approximately $60 million before underwriting discounts, commissions, and offering expenses. The closing is expected next Tuesday, when the American depositary shares are expected to be admitted to AIM in London. Guardian Metal’s underwriters have also been granted a 45-day option to buy up to 666,660 additional depositary shares. Guardian Metal shares were down 3.4% to 212.60 pence each on Friday afternoon in London. BMO Capital Markets Corp acts as lead bookrunning manager, while Canton Fitzgerald & Co acts as bookrunning manager. DA Davidson & Co, and Berenberg Capital Markets LLC both act as co-managers for the offering, and Tamesis Partners LLP is the capital markets advisor. The company started on the NYSE American exchange at 1330 UK time, under the ticker GMTL. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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