LONDON (ShareCast) - (Sharecast News) - Diversified mining company Power Metal Resources has sold its remaining stake in Guardian Metal Resources for £13.6m, marking an 11.8 times return on its original investment.
Both stocks jumped more than 10% in early deals on Tuesday, with Power Metal up 10.7% at 15.5p and Guardian Metal up 11.3% at 64.56p.

Power Metal said on Tuesday it had entered into a legally binding sale and purchase agreement with an investment fund managed by the Duquesne Family Office to sell its 24.7m shares at a price of 55p each.

The disposal follows a £9.2m sale of Guardian Metal shares in February, which at the time left Power Metal with a 19.46% stake.

Guardian Metal, which first listed in AIM in 2023, has seen its share price more than double since the start of 2025, having risen by nearly 700% since its IPO.

Power Metal first invested £1.9m in Guardian Metal, but has now raised £22.8m from two separate disposals before costs.

"I am very pleased to be able to announce that we have agreed terms to exit our position in GMET after what has been an enormously successful investment for Power Metal, and one that has generated very considerable shareholder value," said Power Metal's chief executive Sean Wade.

"It represents a strong validation of our incubator model and gives us considerable firepower now to pursue other opportunities, a number of which have presented themselves to us in recent weeks," Wade said.

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