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17 September 2026 Guardian Metal Resources plc ( ' Guardian Metal ' or the ' Company ' ) Audited Financial Results for the Year Ended 30 June 2026 Guardian Metal Resources plc ( NYSE.A : GMTL , LON : GMET , OTCQB : GMTLF ) , a strategic exploration and development company focused on tungsten in Nevada , USA , is pleased to announce its consolidated audited results for the year ended 30 June 2026 , for the Company and its subsidiaries ( together , the " Group " ) . • The full financial report will be available online immediately on the Company's website and should be read in conjunction with this announcement . Highlights : from the year under review • • • • Received a US $ 6.2 million investment from the U.S. Department of War under Title III of the Defense Production Act of 1950 to support the advancement of the Company's 100 % - owned Pilot Mountain Tungsten project in Nevada and completion of the project's Pre- Feasibility Study ( " PFS " ) . Completed the Pilot Mountain PFS , demonstrating robust project economics , including an after - tax NPV of US $ 660.3 million and an IRR of 59.6 % using the base case tungsten price * , representing an important milestone towards the potential redevelopment of domestic mined tungsten production in the U.S. Delivered a maiden S - K 1300 Mineral Resource Estimate ( " MRE " ) for Pilot Mountain in December 2025 , followed by an upgraded MRE in June 2026 along with the Pre - feasibility Study . 97 % of the Indicated Resources were subsequently converted into Probable Reserves totalling 11.8Mt . Completed total equity fundraisings of US $ 89.3 million , including an upsized Initial Public Offering on the NYSE American , raising gross proceeds of approximately US $ 68.3 million . Expanded the Company's land position at Tempiute through additional claim staking , including the historical Schofield open - pit mine plus other areas of interest . Acquired property and water rights from Lincoln Estates Group LLC , securing 841 acres of real property as well as 2,540 acre - feet of annual water rights , building on existing , in- place usable infrastructure at Tempiute to strengthen the foundation for potential development . Advanced exploration activities at Tempiute through an extensive drilling programme , with initial visual observations supporting the continuity and scale potential of multiple skarn zones beyond the historical underground mined area . * Base case utilizes a tungsten price of US $ 197,300 per tonne of WO3 , representing a ~ 35 % discount to the mid - price for ammonium paratungstate ( " APT " ) as quoted by Fastmarkets MB - W - 0001 of US $ 304,000 per tonne of WO3 as of 12 June 2026. The mid - price as of 26 June 2026 was US $ 307,500 per tonne of WO3 . All prices are for APT with the study assuming a payable factor of 82 % for tungsten concentrate . Oliver Friesen , Chief Executive Officer , commented : " This has been another transformational year for Guardian Metal Resources . We continue to establish ourselves as a leading US - focused tungsten developer at a time when the strategic importance of secure domestic critical mineral supply has never been clearer . " At Pilot Mountain , we achieved two of the most significant milestones in the Project's history : the publication of our maiden Mineral Resource Estimate ( MRE ) , which we have since updated , followed by a positive Pre - Feasibility Study ( PFS ) . The PFS was funded by a $ 6.2 million investment from the Department of War in July 2025 , and we greatly value the Department's continued support , which underscores the Pilot Mountain project's strategic importance to US critical minerals supply . To our knowledge , Pilot Mountain is the only tungsten project in the US with a completed S - K 1300 compliant PFS , positioning us to target