Financing ·
Guardian Metal Resources PLC reported audited financial results for the year ended June 30, 2026, recording a net loss…
GMTLGuardian Metal Resources PLC
Guardian Metal Resources PLC reported audited financial results for the year ended June 30, 2026, recording a net loss of $10.04 million and holding cash balances of $52.46 million. The company completed total equity fundraisings of $89.3 million, including an upsized NYSE American IPO raising approximately $68.3 million in gross proceeds. It also received a $6.2 million investment from the U.S. Department of War under Title III of the Defense Production Act to support its Pilot Mountain tungsten project in Nevada. Guardian Metal completed a Pre-Feasibility Study for Pilot Mountain, demonstrating an after-tax NPV of $660.3 million and an IRR of 59.6%, while converting 11.8 million tonnes of Probable Reserves from Indicated Resources. The company expanded its land position at the Tempiute project by acquiring property and water rights. Guardian Metal Resources PLC is a strategic mineral exploration and development company focused on tungsten projects in Nevada, USA.