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Fulcrum Metals Plc ( (GB:FMET) ) has provided an update.
Fulcrum Metals PLC announced that Panther Metals PLC has sold its entire 12.33% shareholding in Fulcrum, amounting to 7,625,122 ordinary shares, to existing shareholders at a price of 3.5 pence per share. This transaction, facilitated by Clear Capital Markets Limited, strengthens Fulcrum’s shareholder register and aligns with the company’s focus on optimizing gold recovery and improving environmental outcomes at its Teck Hughes project in Ontario. The sale marks a significant shift in Fulcrum’s shareholder structure and reflects investor confidence in the company’s innovative approach to mine waste management.
More about Fulcrum Metals Plc
Fulcrum Metals PLC is an AIM-quoted technology-led natural resources company focused on the recovery of precious metals from mine tailings in Canada using non-cyanide leaching technology. The company is working on projects at the former Teck Hughes and Sylvanite mines in Kirkland Lake, Ontario, and is in discussions to acquire exclusive rights to use disruptive leaching technology across major gold mining districts in Canada.
YTD Price Performance: -35.48%
Average Trading Volume: 416,531
Technical Sentiment Signal: Strong Buy
For a thorough assessment of FMET stock, go to TipRanks’ Stock Analysis page.