Power Metal Resources PLC Completes Sale of GMET Stake
In a significant move within the metals and mining sector, Power Metal Resources PLC, a London-based exploration company specializing in battery metals, has finalized the sale of its remaining stake in Guardian Metal Resources PLC for £13.58 million. This transaction, announced on August 19, 2025, marks a strategic shift for Power Metal Resources as it divests its 24,699,825 ordinary shares in Guardian Metal, a company focused on tungsten development in Nevada, USA.
The shares were sold at a price of 55p per share to an investment fund managed by Duquesne Family Office LLC. This sale results in Duquesne acquiring a 14.75% interest in Guardian Metal’s issued share capital, positioning it as a substantial shareholder. The transaction underscores a growing interest in strategic metals, particularly those critical to the burgeoning electric vehicle industry.
Power Metal Resources, known for its focus on cobalt and other battery metals in Africa, has seen its stock traded on the London Stock Exchange with a close price of £14 as of August 17, 2025. The company’s market capitalization stands at £16.47 million, reflecting its position within the materials sector.
The sale of the GMET stake is part of Power Metal Resources’ broader strategy to streamline its portfolio and focus on core projects. This move is likely to be viewed positively by investors, as it allows the company to concentrate resources on its primary exploration activities.
Oliver Friesen, CEO of Guardian Metal, expressed enthusiasm about the new partnership, stating, “I am delighted to welcome Duquesne as a major new shareholder.” This sentiment highlights the potential for strengthened strategic alliances and increased investment in the metals sector.
As the demand for battery metals continues to rise, driven by the global shift towards electric vehicles, Power Metal Resources’ strategic decisions will be closely watched by industry stakeholders. The company’s ability to adapt and focus on high-demand metals will be crucial in maintaining its competitive edge in the dynamic materials sector.