Tungsten mining exploration and development company Guardian Metal Resources (GMTL.US) applies for listing in the United States with plans to raise $50 million.

Focus on tungsten mines, exploration stage mining company Guardian Metal Resources, which owns projects in Nevada, United States, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Thursday, planning to raise up to $50 million through an initial public offering (IPO). The company plans to list on the NYSE's junior market under the stock symbol "GMTL". Guardian Metal Resources was founded in 2021. The company is an exploration stage mining company focusing on tungsten mines and other mineral deposits in Nevada. Its main projects are the Pilot Mountain and Tempiute tungsten mine assets, both located in areas that have historically been mined by third parties. In addition to tungsten mines, the company also holds early-stage exploration assets for copper, gold, silver, and lithium. Current business activities include engineering work to support the feasibility study for the Pilot Mountain project, as well as ongoing exploration and resource definition drilling at the Tempiute project.