Fulcrum Metals plc expects the first payment from the potential purchaser of its Canada uranium assets, which has exercised the first year option of the July 2024 agreement. EXPLORATION Fulcrum will receive C$50,000 cash and C$350,000 of Terra Balcanica Resources Corp common shares, equating to 3,804,347 new Terra common shares due to be issued by 18 […]
Tag: Fulcrum Metals plc
Fulcrum extends LoI date for Tully sale
Fulcrum Metals plc has extended the binding letter of intent to no later than 30 September 2025 for the sale of its 458-acre Tully gold project in Timmins, Ontario. PAYMENT The extension provides potential buyer with Loyalist Exploration Ltd more time to complete its CA$1,500,000 fundraise. The new deadline will also result in a further […]
Panther-Fulcrum mull deal over Winston tailings
Panther Metals plc will assess the commercial potential of its recently acquired option of Winston tailings in Ontario with its former investee focused on gold tailings recovery, Fulcrum Metals Ltd. CASHFLOW The project comprises the two deposits of Pick Lake and Winston Lake, the Winston Lake mine site infrastructure and “highly prospective” exploration targets. Panther […]
Fulcrum agrees deal with AAN over gold tailings
Fulcrum Metals plc has signed a formal “collaborative working agreement” with Apitipi Anicinapek Nation (AAN) relating to the Teck Hughes and Sylvanite tailings projects in Kirkland Lake, Ontario. LEGACY The agreement also lays the foundation for future agreements on “shared benefits and opportunities” from the projects. Fulcrum said that the two parties had held “extensive” […]
Fulcrum directors raise £140,000
Fulcrum Metals plc has raised £140,000 from a directors’ subscription of 2.8 million new ordinary shares at the issue price of five pence. TAILINGS On 23 May chief executive officer Ryan Mee subscribed for 2.3m shares for £115,000 and now has 9,973,910 ordinary shares, equivalent to 15.43% of the enlarged share capital. Chief financial officer […]
Fulcrum secures non-cyanide leaching licence
Fulcrum Metals plc has secured exclusive non-cyanide technology licensing to recover metals from its tailings projects in Kirkland Lake and the Timmins and Kirkland Lake mining regions in Ontario, Canada. POTENTIAL The company signed a four-year master licence agreement (MLA) to use Extrakt Process Solutions LLC’s proprietary technology to develop gold mine waste at the […]