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Guardian Metal Resources receives $6.2M from U.S. Department of War under Defense Production Act

GMTLGuardian Metal Resources PLC

Guardian Metal Resources PLC filed its Annual Report for the year ended June 30, 2026. The company reported a net loss of $10.04 million and held cash balances of $52.46 million. Key milestones included completing a Pre-Feasibility Study for the Pilot Mountain tungsten project with an after-tax NPV of $660.3 million, receiving a $6.2 million investment from the U.S. Department of War under the Defense Production Act, and raising approximately $89.3 million in equity capital through a NYSE American IPO and subsequent fundraises. The Board did not recommend a dividend for the year. Guardian Metal Resources PLC operates in the mining industry, focusing on the exploration and development of tungsten projects in Nevada.

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