Fulcrum Metals plc has paid the final instalment of CAD$275,000 to acquire outright ownership of the Teck-Hughes gold mine tailings project in Kirkland Lake, Ontario, Canada. NON-CYANIDE As per the option agreement signed in 2023, the optionors will have a 3% net smelter return royalty. Fulcrum may reduce the NSR royalty to 1.5% through a […]
Tag: Sylvanite gold tailings
Fulcrum expands issued share capital
Fulcrum Metals plc has received notice of the exercise of 2,550,000 broker warrants over new ordinary shares of one pence each in the company, at three pence per share, for £76,500. TVRs On admission, the company’s issued ordinary share capital will comprise 124,512,212 ordinary shares of one pence each, with one voting right each. […]
Fulcrum appoints consultants for tailings projects
Fulcrum Metals plc has appointed AP Kane & Associates Ltd as independent consultants to advance its Teck Hughes and Sylvanite gold tailings projects in Kirkland Lake, Ontario, Canada. Andrew Kane, the principal of Kane & Associates, has more than 30 years’ experience of Ontario mining industry experience and held senior roles with Ontario Ministry of […]
Fulcrum raises £245,000
Fulcrum Metals plc has raised £245,010 via an oversubscribed subscription for 8,166,990 new ordinary shares of one pence each with certain sophisticated value-add mining industry, high net worth and institutional investors. TVRs The subscription, at the issue price of three pence per share, follows a fundraise earlier this month of just over £1 million. Each […]
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 […]