Fulcrum Metals plc has closed the sale of the Tully gold project in the Timmins mining district of Ontario, Canada to Loyalist Exploration Ltd. CONFIDENT Under the terms, Fulcrum has received 78.7 million common shares in Loyalist, CAD$500,000 (£266,000) cash and a 2% net smelter return royalty on the Ontario project. The company also expects […]
Tag: Loyalist Exploration Ltd
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 […]
Fulcrum to sell Tully gold project
Fulcrum Metals plc has signed a binding letter of intent to sell its 458-hectare Tully gold project in the Timmins mining district, Ontario. EXPOSURE Canadian purchaser Loyalist Exploration Ltd will pay CA$500,000 cash and issue 89,255,000 common shares to Fulcrum on completion of the transaction, representing 19.9% of its issued enlarged share capital. Fulcrum will […]