03:42 AM EDT, 03/20/2026 (MT Newswires) -- Guardian Metal Resources ( GMTL ) said late Thursday it priced its upsized $60 million initial public offering in the US.

The exploration stage company is issuing 4.4 million American depositary shares, representing 22.2 million ordinary shares, at a price of $13.50 per ADS.

Guardian Metal has granted underwriters a 45-day option to purchase up to an additional 666,660 ADS. The offering is expected to close on March 24.

The ADS are expected to begin trading on the New York stock exchange American on Friday under the "GMTL" symbol.