Fulcrum Metals Plc (GB:FMET) has released an update.
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Fulcrum Metals Plc has announced a subscription to raise approximately £643,500 by issuing new shares, aimed at advancing their gold tailings projects in Ontario, Canada, with a focus on sustainable extraction practices. The subscription, at an issue price of 8 pence per share, is part of the company’s strategic shift toward faster revenue generation by reprocessing mining tailings, which also aligns with environmental reclamation efforts. The funds will be used for a range of activities including technological studies, surveys, and sample reprocessing to define compliant resources, with additional capital raising anticipated by June 2025.
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