28 November 2025
Guardian Metal Resources plc
("Guardian Metal" or the "Company")
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that as at 28 November 2025 there were 167,998,967 ordinary shares of 1 pence each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 167,998,967.
The above figure of 167,998,967 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
The Directors of the Company are responsible for the release of this announcement.
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 |
| Stifel Nicolaus Europe Limited Joint Broker Varun Talwar/Ashton Clanfield |
Tel: +44 (0) 20 7710 7600 |
| 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 |
About Guardian Metal Resources
Guardian Metal Resources PLC (LON: GMET, OTCQX: GMTLF) is a strategic mineral exploration and development 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, Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal, was awarded US$6.2M from the U.S. Department of War under Title III of the Defense Production Act of 1950 to support the Pilot Mountain pre-feasibility study. The Company has announced plans to pursue a U.S. listing in the first half of 2026.
Tungsten is a strategic metal essential to the defense, energy transition, technology, and industrial sectors. Against the backdrop of evolving geopolitical dynamics and Chinese export restrictions on tungsten, Guardian is positioned to play the leading role in rebuilding a reliable mined domestic supply chain for this critical defense metal entirely on U.S. soil.