Duquesne Acquires 14.75% Stake in Guardian Metal Resources

Guardian Metal Resources plc, a company focused on tungsten development in Nevada, has announced a significant shareholder change. Power Metal Resources plc has sold its 24,699,825 ordinary shares in Guardian Metal, totaling £13,584,904, to Duquesne Family Office LLC at a price of 55p per share.

This acquisition positions Duquesne with a 14.75% interest in Guardian Metal. Oliver Friesen, CEO of Guardian Metal, expressed his satisfaction with Duquesne's endorsement, highlighting the company's ongoing growth phase in its key U.S. projects. The transaction is seen as a robust vote of confidence in the strategic direction and potential of Guardian Metal in the critical metals sector.