Guardian Metal Welcomes UCAM as Strategic Investor
UCAM acquires 23.45% stake in Guardian Metal from Power Metal Resources.
- UCAM stake acquired 23.45%
- Power Metal remaining stake 19.46%
- Shares sold to UCAM 29,758,334
- Warrants sold to UCAM 986,352
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Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic development and mineral exploration company focused in Nevada, USA, notes today's announcement by Power Metal Resources plc ("Power Metal") regarding the sale of 29,758,334 ordinary shares in Guardian Metal and 986,352 warrants to UCAM Ltd ("UCAM"). The Company is very pleased to welcome UCAM as a new strategic investor.
Full transaction details can be found at the link below:
Following its purchase, UCAM will hold a 23.45% interest in the issued share capital of the Company and Power Metal will retain 24,699,825 ordinary shares representing 19.46% of the issued share capital of the Company.
Oliver Friesen, CEO of Guardian Metal, commented:
"As the leading UK-listed U.S.-focused tungsten exploration and development company our important strategic position is now further validated by UCAM's share purchase and I am delighted to welcome them to our shareholder register.
"With our entire project portfolio located in mining-friendly Nevada, we believe we are uniquely positioned to benefit from a new era for American mining. The opportunity ahead is substantial, and we are excited to advance towards our goals in partnership with UCAM, Power Metal, and the other outstanding shareholders on our register."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.