Issue of Shares and Options and Directors Dealings

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RNS Number : 8732M Guardian Metal Resources PLC 24 December 2025  

24 December 2025 Guardian Metal Resources plc ('Guardian Metal' or the 'Company') Issue of Shares under STIP, Grant of Options and Directors' Dealings   Guardian Metal Resources plc (LON:GMET OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces that as part of the Company's STIP awards for 2025, the Company is issuing 229,249 new ordinary shares ("STIP Shares")  to directors who are participants in the scheme. The Company has also granted options over 3,850,000 new ordinary shares  of 1 pence each in the Company("Ordinary Shares")  to certain Directors, employees and consultants to subscribe for new Ordinary Shares at an exercise price of approximately £1.31 (based on +20% of 30 day VWAP to 23 December 2025)  with a life to expiry of 3 years from their vesting date, 50 per cent of which will vest immediately and 50 per cent with a vesting date of 24 December 2026  (the "Options"). STIP Shares A total of 229,249 new ordinary shares have been granted to Guardian Metal board directors (the "STIP Shares") at a value of approximately £1.05 per share, based on the 30-day VWAP on close of trading on 19 December 2025. The STIP Shares, along with a summary of existing ordinary shares held are outlined in the table below:  

Director

Existing Ordinary Shares held

STIP Shares Issued

Number of Shares held post STIP

%age of Enlarged Issued Share Capital

Oliver Friesen

973,814

86,743

1,060,557

0.63%

J.T. Starzecki

Nil

107,906

107,906

0.06%

Mark Burnett

386,939

11,953

398,892

0.24%

Ben Hodges

115,010

22,647

137,657

0.08%



 

229,249





  Grant of Options Details on the grant of options are provided below and recognise the immense contribution made by the team to the rapid development of the Company and the strategic current value of its broad-spectrum natural resource focused exploration and development portfolio. A portion (£250,000) of the options granted to Oliver Friesen are covered under the UK's Enterprise Management Incentive (EMI) scheme. This does not impact the overall number of new options granted, rather provides a one-time tax advantage for him under the scheme. 2,225,000 of the Options have been granted to Guardian Metal board directors (the "Director Options"). The Director Options, along with a summary of existing options held are outlined in the tables below. In addition, a new pool totalling 1.625 million Options has been granted to Guardian Metal employees and advisors, to be allocated in line with the Board's instructions to non-Board team members, and with the same terms as the Director Options.   Existing options held by Directors

Director

Existing options held

Exercise price (p)

Expiry

Oliver Friesen

2,104,859

10.75

03.05.26

Oliver Friesen

500,000

14.00

21.12.26

J.T. Starzecki

500,000

14.00

21.12.26

Mark Burnett

500,000

14.00

21.12.26

Ben Hodges

Nil





Michael Schlumpberger

Nil





Total Existing options held

3,604,859





Director Options Granted

Director

Options Granted

Total Options Held

Oliver Friesen

625,000

3,229,859

J.T. Starzecki

500,000

1,000,000

Mark Burnett

400,000

900,000

Ben Hodges

400,000

400,000

Michael Schlumpberger

300,000

300,000

Total

2,225,000

5,829,859

  The relevant PDMR disclosures are included below.   ADMISSION AND TOTAL VOTING RIGHTS Application will be made for the 229,249 STIP Shares to be admitted to trading on AIM which is expected to occur on or around 2 January 2026 ("Admission"). The STIP 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 168,728,216 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.   For further information visit www.guardianmetalresources.com or contact the following:

Guardian Metal Resources plc Oliver Friesen (CEO)

Tel: +44 (0) 20 7583 8304

Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll

Tel: +44 (0) 20 7213 0880

Berenberg Joint Broker and Financial Adviser Jennifer Lee/Ivan Briechle

Tel: +44 (0) 20 3207 7800

Tamesis Partners LLP Joint Broker Charlie Bendon/Richard Greenfield

Tel: +44 (0) 20 3882 2868

Tavistock Financial PR Emily Moss/Josephine Clerkin

Tel: +44 (0) 7920 3150 / +44 (0) 7788 554035 guardianmetal@tavistock.co.uk

  About Guardian Metal Resources  Guardian Metal Resources PLC (LON: GMET, OTCQX: GMTLF) is a strategic mineral exploration company driving the revival of U.S. mined tungsten production and strengthening America's defense metal independence. The Company is advancing two co-flagship tungsten projects, Pilot Mountain, one of the largest undeveloped tungsten deposits in the U.S. and Tempiute, formerly America's largest producing tungsten operation, both located in Nevada, one of the top-rated mining jurisdictions in the U.S.  In July 2025, the U.S. Department of War (DoW) under Title III of the Defense Production Act of 1950, as amended, invested US$6.2M in Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal Resources PLC, to support the Pilot Mountain PFS. The Company has announced plans to pursue a U.S. listing in the first half of 2026.  Tungsten is a strategic metal critical to the defense, energy transition, technology, and industrial sectors. In the context of shifting geopolitical dynamics and tightening Chinese export restrictions, Guardian is well positioned to play a leading role in re-establishing a secure, domestically mined U.S. supply chain for this vital defense metal.   PDMR DISCLOSURE The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealings.   PDMR - STIP Shares

Details of the person discharging managerial responsibilities / person closely associated  

Name    

  1.   Oliver Friesen 2.   J.T. Starzecki 3.   Mark Burnett 4.   Ben Hodges    

Reason for the notification  

Position/status    

  1.   Chief Executive Officer 2.   Executive Chairman 3.   Non-Executive Director 4.   Finance Director    

Initial notification /Amendment    

  Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  

Name    

  Guardian Metal Resources plc    

LEI    

                213800J4SKZAMUEPGW34

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted    

Description of the financial instrument, type of instrument

ordinary shares of 1p each





Identification code

ISIN: GB00BPQY8R36





Nature of the transaction    

  Issue of Shares  

Price(s) and volume(s)











Price(s)

Volume(s)







1.   105.31p 2.   105.31p 3.   105.31p 4.   105.31p    

86,743 107,906 11,953 22,647  











Aggregated information







- Aggregated volume

229,249





- Price

105.31p





Date of the transaction    

24 December 2025

Place of the transaction    

Off Market

  PDMR - Options    

1  

Details of the person discharging managerial responsibilities / person closely associated  

a)  

Name    

  5.   Oliver Friesen 6.   J.T. Starzecki 7.   Mark Burnett 8.   Ben Hodges 9.   Michael Schlumpberger    

2  

Reason for the notification  

a)  

Position/status    

  5.   Chief Executive Officer 6.   Executive Chairman 7.   Non-Executive Director 8.   Finance Director 9.   Non-Executive Director  

b)  

Initial notification /Amendment    

  Initial Notification

3  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  

a)  

Name    

  Guardian Metal Resources plc    

b)  

LEI    

                213800J4SKZAMUEPGW34

4  

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted    

a)  

Description of the financial instrument, type of instrument

ordinary shares of 1p each





Identification code

ISIN: GB00BPQY8R36





b)  

Nature of the transaction    

  Issue of Options  

c)  

Price(s) and volume(s)











Price(s)

Volume(s)







5.   131.37p 6.   131.37p 7.   131.37p 8.   131.37p 9.   131.37p  

625,000 500,000 400,000 400,000 300,000  











d)  

Aggregated information







- Aggregated volume

2,225,000





- Price

131.37p





e)  

Date of the transaction    

24 December 2025

f)  

Place of the transaction    

Off Market

   

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