Fulcrum Metals plc has received a further 272,740 common shares from the October 2025 sale of its Tully gold project in Ontario to Loyalist Exploration Ltd.
PROGRESS
The company now holds a total of 78,972,740 shares in Loyalist, representing 19.9% of the current issued and outstanding Loyalist shares on a non-diluted basis.
“We are pleased with the progress Loyalist is making at Tully, a project with significant expansion and near-term production potential which is being recognised in Canada,” said Fulcrum chief executive officer Ryan Mee.
“This transaction has enabled Fulcrum to attain value through its shareholding in Loyalist with an exposure to a wider portfolio of highly prospective Timmins projects and a direct royalty interest in Tully.”
The company’s main focus is recovering metals from the Teck-Hughes and Sylvanite mine waste tailings, also in Ontario.