Guardian Metal Resources Files for IPO of American Depositary Shares with SEC
Guardian Metal Resources plc has filed a registration statement with the SEC for a proposed IPO of its American Depositary Shares. The London-based company aims to list on the New York Stock Exchange under the ticker GMTL, with BMO Capital Markets Corp. acting as book-running manager. Specific details regarding the number of shares and pricing remain undetermined, pending market conditions. The company also received a USD6.2 million grant from the US Department of Defense for its Pilot Mountain tungsten project.
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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.
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