Guardian Metal Resources has acquired Lincoln Estates Group LLC for US$1.3 million to secure water and land rights for its Tempiute Tungsten Project in Nevada. The transaction, completed through Golden Metal Resources, a wholly-owned subsidiary, includes 841 acres of real property and 2,540 acre-feet of annual water rights. This acquisition is located less than 10 miles from the Tempiute project and is intended to enhance the project's development potential by securing critical resources.

The acquired assets include water rights across three permits currently banked with the Lincoln County Water District. Guardian Metal retains the right to assign or transfer the beneficial interest in these water rights for use within the service area, which includes Tempiute. The property is zoned for mixed use, commercial, industrial, and single family purposes, providing direct access off Highway 375, the same access highway used by the Tempiute project.

Oliver Friesen, CEO of Guardian Metal, stated that securing these rights materially de-risks and supports the accelerated advancement of the Tempiute Tungsten Project. He noted that the rights, combined with substantial infrastructure remaining from the mine's operation in the 1980s, strengthen the foundation for redevelopment. The company continues to advance multiple workstreams, including ongoing resource-focused drilling.

Acquisition Details

The acquisition represents a key derisking milestone for the company as it advances the Tempiute project. The total purchase price for 100% ownership of Lincoln Estates was paid in cash. The following table summarizes the key assets acquired:

Strategic Context

Tempiute, formerly known as the Emerson Tungsten Mine, is a significant past producing tungsten mine discovered in 1916 and last operated during the 1980s. The project is located in south-central Nevada, less than 250 miles southeast of the company's Pilot Mountain Tungsten Project. Guardian Metal aims to build a resilient U.S. domestic tungsten supply chain to reduce reliance on foreign sources and reinforce economic and defense security.

Guardian Metal Resources plc has appointed Dr Mark Bramley Thorpe as an Independent Non-executive Director with immediate effect, strengthening its governance structure. The appointment follows the conclusion of necessary due diligence and previous announcements regarding board changes on May 21, 2026. Dr Thorpe replaces Mr. Mark Burnett, who retired from the Board, and will serve as a member of the Audit Committee.

The company disclosed the appointment pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies. Dr Thorpe, aged 66, brings experience from former directorships held within the last five years, including roles at Envirogold Global Limited and the Canada Mining Innovation Council. There are no current directorships or partnerships to disclose.

Regulatory Disclosures

The following table outlines Dr Thorpe's recent professional history as required by AIM regulations:

Company Overview

Guardian Metal Resources PLC is a mineral exploration company focused on tungsten within Nevada, USA. The company is advancing two co-flagship tungsten projects: Pilot Mountain and Tempiute. In July 2025, the U.S. Department of War invested US$6.2M in Golden Metal Resources (USA) LLC, a wholly-owned subsidiary, to support the Pilot Mountain PFS. The company completed a U.S. listing on the NYSE American on March 20, 2026.