Guardian Metal Resources PLC - Nevada, US-focused critical and precious metals exploration and development company - Raises £750,000 from existing institutional investor, London-based asset manager Premier Miton Group PLC, by way of a placement. Says it issued 2.5 million new ordinary shares at a price of 30 pence per share. Net proceeds are to be applied to working capital and targeted for ‘accelerated exploration and project development activities at Pilot Mountain’ and, pending a definitive agreement, at Tempiute also.
Guardian Metals Chief Executive Oliver Friesen says: ‘We are delighted that Premier Miton is adding to its existing holding in Guardian Metal. It is hugely encouraging that respected fund managers Gervais Williams and Martin Turner, along with the clients of Premier Miton, are demonstrating their confidence in the company.
‘We are very confident about the company’s direction as we head into 2025 and the additional financing allows us to accelerate and expand key exploration and development activities.’
Current stock price: 32.60p, up 8.7% on Monday morning in London
12-month change: up from 9.25p
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