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 […]
Tag: uranium
Power Metal extends uranium JV due diligence
Power Metal Resources plc has extended the due diligence period for the creation of a uranium-focused joint venture in Canada. PROGRESS The June agreement for the company’s entire Saskatchewan portfolio with ACAM LP includes a £2m subscription and a £10m non-binding term sheet. Power Metal holds 16 properties over a combined 92,407ha (924.07km2), surrounding and within […]
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 […]
Power Metal completes Wilan merger
Power Metal Resources plc has agreed the merger, announced in December 2022, of its Wilan IOCG* project in South Australia with additional licences in Queensland, and the subsequent sale. INCUBATOR The expanded portfolio includes Wilan’s two exploration licences over a total 1,994km2 in the Olympic Dam precinct and the Fiery Creek and Bartola copper projects in […]
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 […]