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Fulcrum Metals Plc ( (GB:FMET) ) just unveiled an update.
Fulcrum Metals PLC announced a director subscription to raise £140,000 through the issuance of 2,800,000 new Ordinary Shares. The funds will support the development of the company’s tailings projects, a master licence agreement with Extrakt Process Solutions, and provide additional working capital. This move, alongside the monetization of exploration assets and a master licence agreement for cyanide-free technology, positions Fulcrum to leverage significant mineral potential in Canada’s prolific gold camps, reflecting the directors’ confidence in the company’s growth prospects.
More about Fulcrum Metals Plc
Fulcrum Metals PLC is an AIM-listed technology-led natural resources company focused on the recovery of precious metals from mine tailings in Canada. The company utilizes environmentally friendly leaching technology developed by Extrakt Process Solutions LLC. Fulcrum’s projects include the tailing sites of the former Teck-Hughes and Sylvanite gold mines in the Kirkland Lake region, Ontario, and it holds interests in mineral exploration and development projects in Ontario and Saskatchewan.
Average Trading Volume: 697,863
Technical Sentiment Signal: Sell
For detailed information about FMET stock, go to TipRanks’ Stock Analysis page.