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Guardian Metal Resources plc has filed a registration statement on Form F-1 with the SEC for an IPO of its American Depositary Shares in the US. The company plans to list on the New York Stock Exchange under the ticker GMTL, with BMO Capital Markets as the book-running manager.

The number of ADS to be offered and their pricing are not yet disclosed, as they depend on market conditions. Guardian Metal operates primarily through US subsidiaries and received a USD6.2 million grant from the US Department of Defense for the Pilot Mountain tungsten project. Shares were up 3.3% to 264.45 pence in London.