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Golden Metal Resources Plc ( (GB:GMET) ) has shared an update.
Guardian Metal Resources PLC is progressing with its plans to offer American Depositary Shares in the U.S. and list on a U.S. securities exchange. The company has consulted with its largest shareholders, UCAM Limited and Duquesne Family Office LLC, granting them a right of first refusal on any new share issues. This move is part of Guardian Metal’s strategy to strengthen its financial position and expand its market presence, potentially impacting its operations and stakeholder relations positively.
More about Golden Metal Resources Plc
Guardian Metal Resources PLC is a strategic mineral exploration and development company focused on reviving U.S. mined tungsten production to enhance America’s defense metal independence. The company is advancing two major tungsten projects in Nevada, Pilot Mountain and Tempiute, which are significant for their size and historical production. Guardian Metal aims to establish a reliable domestic supply chain for tungsten, a critical metal for defense and industrial sectors, amid geopolitical tensions and Chinese export restrictions.
Average Trading Volume: 504,052
Technical Sentiment Signal: Buy
Current Market Cap: £173.6M
For an in-depth examination of GMET stock, go to TipRanks’ Overview page.