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