Fulcrum Metals plc has raised £643,500 via a 45% discounted conditional subscription of 8,043,750 new ordinary shares of 1 pence, at a price of 8 pence per share, by certain existing shareholders. DIRECTORS The company’s directors will later this month raise an additional £114,500, comprising a £89,769 subscription and conversion of outstanding salaries totalling £24,731 into […]
Tag: Fulcrum Metals plc
Fulcrum completes uranium option deal
Fulcrum Metals plc has completed the definitive option agreement to sell the company’s uranium projects in Saskatchewan, Canada. Purchaser Terra Balcanica Resources Corp acquired the option for 100% of the projects by completing four years’ exploration programmes and for staged cash and equity payments. The assets comprise Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton. Proceeds […]
Fulcrum signs definitive uranium option
Fulcrum Metals plc has signed a definitive option agreement for the sale of its uranium projects in Saskatchewan, Canada. STRATEGIC The deal gives Terra Balcanica Resources Corp the option to acquire 100% of the Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton projects by completing four years’ exploration to the minimum value of C$3,250,000. Terra paid […]
Fulcrum acquires uranium projects
Fulcrum Metals plc has exercised an option to acquire a 100% interest in the Charlot-Neely Lake, South Pendleton and Snowbird uranium projects in Saskatchewan, Canada. AGREEMENT The projects, covering 11,481 hectares, were owned by Gary Clayton Dunn and Jonathan Stewart Dunn who granted the Dunn option to Fulcrum. Fulcrum previously paid C$5,000 on receiving the […]
Fulcrum encouraged by tailings leaching results
Fulcrum Metals plc said it was encouraged by strong initial leaching results from phase 1 sampling and testing at the Teck-Hughes gold tailings project in Ontario, Canada. INNOVATIVE The programme used Extrakt Processing Solutions LLC’s non-toxic technology. Sampling was completed across six locations chosen to provide representative sampling across the tailings with 32 samples taken […]
Fulcrum extends uranium assets sale date
Fulcrum Metals plc has extended the sale deadline for its Saskatchewan uranium projects to allow for delays in the documentation process. The expected definitive agreement with potential purchaser Terra Balcanica Resources Corp has been deferred from May to 15 June. Fulcrum signed the non-binding letter of intent on 2 April for 100% of the Charlot-Neely, Fontaine […]