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Fulcrum Metals Plc ( (GB:FMET) ) has provided an update.
Fulcrum Metals PLC has amended its uranium portfolio option agreement with Terra Balcanica Resources Corp, transferring the option to Terra’s subsidiary, Terra North Resources Corp. Terra Balcanica plans to spin out its Canadian uranium assets into Terra North, aiming to list it on the Canadian Securities Exchange in 2026. This strategic move is expected to enhance Terra’s focus on European projects while providing shareholders direct exposure to the exploration potential of Canadian assets.
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 environmentally friendly leaching technology. The company’s projects are located in Ontario and Saskatchewan, Canada, with a focus on the former Teck-Hughes and Sylvanite gold mines in the Kirkland Lake region.
Average Trading Volume: 351,826
Technical Sentiment Signal: Buy
Current Market Cap: £8.25M
For detailed information about FMET stock, go to TipRanks’ Stock Analysis page.