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An update from Fulcrum Metals Plc ( (GB:FMET) ) is now available.
Fulcrum Metals has raised £550,000 through a direct subscription with a single investor for 5,000,000 new shares at 11 pence, a 4.8% premium to its recent closing price, and issued an additional 227,273 shares to a service provider to settle fees. The proceeds will bolster its balance sheet and fund pilot scoping work, mineral resource estimates and evaluation of integrated production scenarios across its tailings projects, while the board prepares a new share option scheme of up to 10% of issued capital to align management incentives with shareholder growth.
The new shares, including the fee shares, are expected to be admitted to trading on AIM around 12 March 2026, taking Fulcrum’s issued share capital to 147,358,025 ordinary shares with one voting right each. The fundraising underscores investor interest in the company’s cyanide-free tailings strategy and provides added financial flexibility as it advances towards potential near-term, environmentally focused gold production in Canada.
More about Fulcrum Metals Plc
Fulcrum Metals PLC is an AIM-quoted, technology-led natural resources company focused on recovering precious metals from mine tailings in Canada using cyanide-free, environmentally friendly leaching technology developed by Extrakt Process Solutions. Its initial projects target tailings at the former Teck-Hughes and Sylvanite gold mines in Ontario, and it also holds a wider exploration portfolio in Ontario and Saskatchewan, backed by an exclusive licence over major Canadian gold camps.
Average Trading Volume: 793,067
Technical Sentiment Signal: Buy
Current Market Cap: £14.92M
For an in-depth examination of FMET stock, go to TipRanks’ Overview page.