---
title: "Tungsten mining company Guardian Metal Resources prices upsized US IPO at $13.50"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279951007.md"
description: "Guardian Metal Resources, a tungsten-focused mining company, has priced its upsized US IPO at $13.50, raising $60 million by offering 4.4 million ADSs. This price is above its last AIM-listed closing price. The company, with a fully-diluted market cap of $528 million, focuses on tungsten and other minerals in Nevada, with key projects including Pilot Mountain and Tempiute. It plans to list on the NYSE American under the symbol GMTL, with BMO Capital Markets and Cantor Fitzgerald as joint bookrunners."
datetime: "2026-03-20T13:20:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279951007.md)
  - [en](https://longbridge.com/en/news/279951007.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279951007.md)
---

# Tungsten mining company Guardian Metal Resources prices upsized US IPO at $13.50

Guardian Metal Resources, a tungsten-focused exploration-stage mining company with projects in Nevada, raised $60 million by offering 4.4 million ADSs at $13.50, above its AIM-listed as-converted last closing price. The company originally indicated towards offering 3.1 million ADSs at the reference price of $16.35. At pricing, the company commands a fully-diluted market cap of $528 million.

Guardian Metal Resources is an exploration-stage mining company focused on tungsten and other minerals in Nevada. Its main projects are the Pilot Mountain and Tempiute tungsten properties, both located in historic mining districts with prior third-party production. In addition to tungsten, it holds early-stage copper, gold, silver, and lithium exploration properties. Current activities include engineering work to support a feasibility study at Pilot Mountain and ongoing exploration and resource-definition drilling at Tempiute.

Guardian Metal Resources plans to list on the NYSE American under the symbol GMTL. BMO Capital Markets and Cantor Fitzgerald acted as joint bookrunners on the deal.

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