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The latest update is out from Golden Metal Resources Plc ( (GB:GMET) ).
Guardian Metal Resources plc has successfully raised £750,000 through a placing with Premier Miton, a UK asset management company, at £0.30 per share. This strategic raise will fund the company’s exploration and development projects at Pilot Mountain and potentially Tempiute, enhancing its position in the tungsten market. The move reflects growing investor recognition of the importance of establishing domestic tungsten production in the U.S., which is crucial for both military and industrial sectors. The placing, which represents 2% of the company’s enlarged share capital, allows Guardian Metal to accelerate its operations and underscores the confidence of investors such as Gervais Williams and Martin Turner.
More about Golden Metal Resources Plc
Guardian Metal Resources plc is a strategic mineral exploration and development company focusing on tungsten, particularly in Nevada, USA. The company aims to strengthen the U.S. supply chain for tungsten, a metal with significant military and industrial applications.
YTD Price Performance: 7.14%
Average Trading Volume: 164,636
Technical Sentiment Consensus Rating: Strong Sell
See more insights into GMET stock on TipRanks’ Stock Analysis page.
