05:18 AM EST, 11/11/2026 (MT Newswires) -- Guardian Metal Resources (GMET.L) plans to spin out its non-tungsten exploration assets into a new company, with an AIM listing targeted for the second quarter of 2027. The London-listed exploration and development company's board approved the proposed spin-out in principle, according to a Wednesday release. The proposed spin-out portfolio is expected to include the Garfield, Golconda Summit and Stonewall projects in Nevada, US. Meanwhile, Guardian Metal will retain its tungsten assets, including Pilot Mountain and Tempiute, while holding a significant stake in the new company. The proposal remains subject to final structure, regulatory and other approvals, and no binding deals have been signed.

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