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Golden Metal Resources Plc
(LSE:GMET)
Golden Metal Resources Plc (GMET) vs. iShares MSCI United Kingdom ETF (EWC)
Golden Metal Resources Plc Business Overview & Revenue Model
Golden Metal Resources Plc Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 30.00K | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 30.00K | 0.00 |
| EBITDA | -6.65M | -2.72M | -1.38M | -848.00K | ― |
| Net Income | -6.62M | -2.71M | -1.38M | -848.00K | -749.81K |
Balance Sheet | |||||
| Total Assets | 37.64M | 19.95M | 12.55M | 9.45M | 6.13M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 1.87M | 3.03M | 1.37M | 40.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.90M | 1.78M | 826.00K | 414.00K | 123.51K |
| Stockholders Equity | 34.74M | 18.18M | 11.72M | 7.11M | 7.30M |
Cash Flow | |||||
| Free Cash Flow | -2.37M | -9.16M | -2.15M | -535.00K | -628.35K |
| Operating Cash Flow | -2.37M | -1.12M | -658.00K | -161.00K | -628.35K |
| Investing Cash Flow | -14.33M | -8.04M | -1.50M | -374.00K | 0.00 |
| Financing Cash Flow | 24.75M | 7.97M | 3.82M | 1.86M | 664.88K |
Golden Metal Resources Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | £241.67M | 3.84 | 7.47% | 2.58% | 24.10% | 182.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | £213.27M | -25.56 | -44.94% | ― | ― | ― | |
48 Neutral | £430.26M | -16.62 | -25.01% | ― | ― | ― | |
41 Neutral | £92.23M | 7.11 | -7.12% | ― | 220.69% | -400.00% |
Golden Metal Resources Plc Corporate Events
Guardian Metal Resources has launched a US roadshow for an initial public offering of approximately $50 million in American Depositary Shares, with each ADS representing five ordinary shares. The ADSs are expected to list on the NYSE American under the ticker GMTL, alongside the company’s existing AIM listing in London.
Based on the recent AIM share price, the planned offering would comprise around 3.06 million ADSs, with underwriters granted a 45‑day option to purchase up to an additional 15% of the deal. All securities will be issued by the company, which plans to deploy the proceeds to advance its flagship Pilot Mountain tungsten project, fund exploration and early engineering at Tempiute and other targets, and support general corporate purposes, marking a bid to deepen its US capital markets presence and accelerate project development.
The most recent analyst rating on (GB:GMET) stock is a Hold with a £238.00 price target. To see the full list of analyst forecasts on Golden Metal Resources Plc stock, see the GB:GMET Stock Forecast page.
Guardian Metal Resources plc reported that as of 27 February 2026 it has 168,728,216 ordinary shares in issue, all carrying voting rights and none held in treasury. This share count establishes the official total voting rights in the company, providing the basis for investors to assess and disclose any holdings or changes in holdings under the U.K. market’s disclosure and transparency rules.
The clarification of total voting rights supports orderly market functioning by giving shareholders a clear denominator for regulatory notifications and monitoring ownership thresholds. While a routine corporate disclosure, it reinforces transparency in Guardian Metal’s capital structure at a time when the company is building its profile as a strategic U.S.-focused tungsten developer and beneficiary of growing interest in critical minerals security.
The company operates as a strategic mineral exploration specialist focused on reviving U.S. tungsten production and strengthening American defense metal independence. It is advancing two major tungsten projects in Nevada, has secured U.S. government funding for pre-feasibility work at Pilot Mountain and is preparing for a prospective U.S. listing, aiming to capitalise on rising demand for a secure domestic tungsten supply amid tightening Chinese export restrictions and heightened geopolitical tensions.
The most recent analyst rating on (GB:GMET) stock is a Hold with a £247.00 price target. To see the full list of analyst forecasts on Golden Metal Resources Plc stock, see the GB:GMET Stock Forecast page.
Guardian Metal Resources has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of American Depositary Shares. The company plans to apply for a listing of its ADSs on the NYSE American under the ticker GMTL, with all shares to be sold in the offering coming from the company itself.
Key terms of the IPO, including the number of ADSs and pricing, have not yet been determined and the transaction remains subject to market conditions and regulatory approval. BMO Capital Markets will act as book-running manager, underscoring Guardian Metal’s move to broaden its U.S. capital markets presence as it advances its tungsten exploration portfolio in Nevada, a strategically important critical mineral jurisdiction.
The most recent analyst rating on (GB:GMET) stock is a Hold with a £247.00 price target. To see the full list of analyst forecasts on Golden Metal Resources Plc stock, see the GB:GMET Stock Forecast page.
Guardian Metal Resources reported interim results showing rapid operational progress at its Nevada tungsten assets, backed by a US$6.2 million award from the U.S. Department of War and a US$21 million equity raise. The company completed a new Technical Summary and Mineral Resource Estimate for Pilot Mountain, increasing open-pit constrained indicated resources by 16% versus a 2018 study and advancing work toward a pre-feasibility study.
Drilling and environmental assessment are ongoing at Tempiute, while additional claims were acquired at Pilot North and Tempiute to expand tungsten potential. The group also advanced copper, gold and lithium exploration across its Garfield, Golconda, Kibby Basin and Stonewall interests, grew total assets to US$37.6 million despite a higher interim loss, and joined key U.S. defense-focused consortia to reinforce its role in rebuilding a domestic tungsten supply chain.
The most recent analyst rating on (GB:GMET) stock is a Hold with a £192.00 price target. To see the full list of analyst forecasts on Golden Metal Resources Plc stock, see the GB:GMET Stock Forecast page.
Guardian Metal Resources PLC has confirmed that, as of 30 January 2026, it has 168,728,216 ordinary shares of 1 pence each in issue, all carrying voting rights and none held in treasury, establishing the total number of voting rights in the company at 168,728,216. This updated capital figure provides shareholders and market participants with the denominator needed to assess and report changes in significant holdings under UK disclosure rules, ensuring transparency in the company’s ownership structure as it advances strategically important U.S. tungsten projects and seeks to strengthen its role in critical minerals supply chains.
The most recent analyst rating on (GB:GMET) stock is a Hold with a £208.00 price target. To see the full list of analyst forecasts on Golden Metal Resources Plc stock, see the GB:GMET Stock Forecast page.
Guardian Metal Resources plc reported that chief executive officer Oliver Friesen and executive chairman J.T. Starzecki have increased their holdings in the company through on-market share purchases, acquiring a combined 57,350 ordinary shares on 12 January 2026. The director dealings, made at prices around 148–149 pence per share, modestly raise their stakes to 0.64% and 0.09% of issued share capital respectively, signalling management confidence in the company’s strategy to develop its Nevada tungsten assets and strengthen its role in securing a domestic U.S. supply of this critical defense and industrial metal.
The most recent analyst rating on (GB:GMET) stock is a Hold with a £155.00 price target. To see the full list of analyst forecasts on Golden Metal Resources Plc stock, see the GB:GMET Stock Forecast page.
Guardian Metal Resources plc announced that its finance director, Ben Hodges, has purchased 17,501 shares in the company on the market at 142.99p per share, a transaction worth about £25,024, taking his total beneficial holding to 155,158 shares, or 0.09% of the company’s issued share capital. The director’s share purchase, disclosed under EU Market Abuse Regulation rules, signals internal confidence in the company’s strategy as it advances large-scale tungsten projects in Nevada with U.S. government support and prepares for a prospective U.S. market listing, developments that could strengthen its position in the critical minerals and defense supply chain space.
The most recent analyst rating on (GB:GMET) stock is a Hold with a £148.00 price target. To see the full list of analyst forecasts on Golden Metal Resources Plc stock, see the GB:GMET Stock Forecast page.
Guardian Metal Resources has confirmed that as of 31 December 2025 it has 168,498,967 ordinary shares in issue, all carrying voting rights and with none held in treasury, establishing the total number of voting rights in the company at the same figure. This disclosure, made in line with UK Financial Conduct Authority transparency rules, provides a clear denominator for investors to calculate and report any notifiable shareholdings or changes in holdings, enhancing visibility over the company’s shareholder base and supporting regulatory compliance for market participants.
Guardian Metal Resources has confirmed that, as of 31 December 2025, it has 168,498,967 ordinary shares in issue, with no shares held in treasury, giving the company an identical number of total voting rights. This updated capital and voting structure provides investors with the denominator needed to determine disclosure obligations under UK transparency rules and underscores the company’s current equity base as it advances its Nevada tungsten projects and positions itself as a key player in rebuilding a domestic U.S. supply chain for this critical defense metal.
Guardian Metal Resources has issued 229,249 new ordinary shares to directors under its 2025 Short-Term Incentive Plan at around £1.05 per share and granted a further 3.85 million share options, including 2.225 million to board members and 1.625 million to employees and advisers, with half vesting immediately and the remainder in December 2026. The new equity awards, which follow rapid progress across the group’s Nevada tungsten portfolio and recognition of its strategic role in U.S. critical minerals supply, modestly increase the company’s issued share capital to 168.7 million shares, align management and staff more closely with shareholder interests, and underscore Guardian Metal’s drive to build long-term value ahead of its planned U.S. market listing.
Guardian Metal Resources has filed a maiden S-K 1300 Technical Summary Report and updated, pit-constrained Mineral Resource Estimate for the Desert Scheelite deposit at its Pilot Mountain tungsten project in Nevada, showing a 16% increase in indicated resources versus a 2018 scoping study and confirming potential suitability for open-pit mining. Backed by a US$6.2m U.S. Department of War Defense Production Act investment, the company is advancing a comprehensive pre-feasibility study with a large team of specialist engineering and environmental consultants, adding a second drill rig for expanded exploration across multiple zones, and targeting completion of the PFS by end of H1 2026, rapid permit submissions thereafter, and first commercial production before the end of 2028, positioning the project as a potential first new domestic tungsten mine in the U.S. in more than a decade.