Warrant Exercise and Directors' Dealing
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Guardian Metal Resources plc (AIM:GMET OTCQX:GMTLF), a strategic mineral exploration and development company focused on Nevada, USA, announces that, following release of the DoD award announcement, the remaining GMET 10.75p and 17p Warrant holders are no longer deemed to be in possession of inside information.
Warrant Exercise
Accordingly, the Company has received notices from Directors of the Company and certain other warrant holders to exercise warrants over a total of 2,094,996 new ordinary shares of 1 pence each in the Company ("Warrant Shares"). 991,276 of the warrants were exercised at a price of 10.75p per Warrant Share and 1,103,720 at an exercise price of 17p per Warrant Share and in total this has raised £294,195 for the Company.
Directors' Dealings
Certain Directors of the Company have exercised warrants and their interests in the share capital of the Company before and after their exercise is shown below. The related PDMR disclosures are at the foot of this announcement.
| Director | Existing shareholding | % holding in existing share capital of the Company | 10.75p warrants exercised | 17p warrants exercised | Shareholding following warrant exercises | % holding in enlarged share capital of the Company |
|---|---|---|---|---|---|---|
| Oliver Friesen | 673,966 | 0.45% | 149,924 | 149,924 | 973,814 | 0.65% |
| Mark Burnett | 266,999 | 0.18% | 59,970 | 59,970 | 386,939 | 0.26% |
| Mick Billing | 446,909 | 0.30% | 149,925 | 149,925 | 746,759 | 0.50% |
ADMISSION AND TOTAL VOTING RIGHTS
Application will be made for the 2,094,996 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 31 July 2025 ("Admission"). The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.
Following Admission, the Company's issued share capital will comprise 150,812,301 ordinary shares of 1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
The Directors of the Company are responsible for the contents of this announcement.
PDMR DISCLOSURES
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Oliver Friesen |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Guardian Metal Resources Plc |
| b) | LEI | 213800J4SKZAMUEPGW34 |
| a) | Description of the financial instrument, type of instrument | ordinary shares of 1p each |
| Identification code | ISIN: GB00BPQY8R36 | |
| b) | Nature of the transaction | Exercise of Warrants |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 10.75p | 149,924 | |
| 17p | 149,924 | |
| d) | Aggregated information | |
| - Aggregated volume | 299,848 | |
| - Price | 13.88p | |
| e) | Date of the transaction | 25 July 2025 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mark Burnett |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Guardian Metal Resources Plc |
| b) | LEI | 213800J4SKZAMUEPGW34 |
| a) | Description of the financial instrument, type of instrument | ordinary shares of 1p each |
| Identification code | ISIN: GB00BPQY8R36 | |
| b) | Nature of the transaction | Exercise of Warrants |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 10.75p | 59,970 | |
| 17p | 59,970 | |
| d) | Aggregated information | |
| - Aggregated volume | 119,940 | |
| - Price | 13.88p | |
| e) | Date of the transaction | 25 July 2025 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mick Billing |
| 2 | Reason for the notification | |
| a) | Position/status | N on-Executive Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Guardian Metal Resources Plc |
| b) | LEI | 213800J4SKZAMUEPGW34 |
| a) | Description of the financial instrument, type of instrument | ordinary shares of 1p each |
| Identification code | ISIN: GB00BPQY8R36 | |
| b) | Nature of the transaction | Exercise of Warrants |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 10.75p | 149,925 | |
| 17p | 149,925 | |
| d) | Aggregated information | |
| - Aggregated volume | 299,850 | |
| - Price | 13.88p | |
| e) | Date of the transaction | 25 July 2025 |
| f) | Place of the transaction | XLON |
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