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Fulcrum Metals Plc ( (GB:FMET) ) has provided an update.
Fulcrum Metals has closed its Bonus Warrant Acceleration Offer, with a total of 16,691,495 warrants exercised, raising gross proceeds of £834,575 and issuing 8,345,751 new warrants including a second tranche exercisable at 10 pence per share until August 2027. The funds will bolster the balance sheet and finance parallel work programmes on the company’s Canadian tailings projects, including a pilot scoping study, maiden resource work and evaluation of integrated production options, while 3,843,713 new shares, including fee shares to service providers, are being admitted to AIM, modestly diluting existing shareholders but supporting project advancement and potential future gold production.
More about Fulcrum Metals Plc
Fulcrum Metals Plc is an AIM-listed, technology-led natural resources company focused on recovering precious metals from mine tailings in Canada using cyanide-free leaching technology licensed from Extrakt Process Solutions. Its initial projects target legacy gold tailings at the former Teck-Hughes and Sylvanite mines in Ontario, alongside a broader portfolio of exploration assets in Ontario and Saskatchewan.
Average Trading Volume: 750,100
Technical Sentiment Signal: Buy
Current Market Cap: £14.87M
For a thorough assessment of FMET stock, go to TipRanks’ Stock Analysis page.