Guardian Metal Resources PLC Announces Launch of Roadshow for US Initial Public Offering

Core Viewpoint - Guardian Metal Resources PLC has launched a roadshow for its initial public offering (IPO) in the United States, aiming to raise approximately $50 million through American Depositary Shares (ADSs) [1][3]. Financial Details - The last reported sale price of Guardian Metal's ordinary shares was £2.45 per share, which is approximately $16.35 per ADS based on an exchange rate of £1.00 to $1.3349 [2]. - The estimated total offering size would represent an aggregate of 3,058,100 ADSs, with an additional 15% option for underwriters to purchase more at the initial offering price [2]. Use of Proceeds - The net proceeds from the offering will primarily be used to advance the development of the Pilot Mountain tungsten project, fund exploration and early-stage engineering work at the Tempiute project, and for general corporate purposes [3]. Underwriters - BMO Capital Markets Corp. is the lead book-running manager, with Cantor Fitzgerald & Co. as the bookrunning manager, and D.A. Davidson & Co. and Berenberg Capital Markets LLC acting as co-managers for the offering [4].