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An update from Fulcrum Metals Plc ( (GB:FMET) ) is now available.
Fulcrum Metals PLC has finalized the sale of its Tully Gold Project to Loyalist Exploration Limited, receiving 78,700,000 common shares in Loyalist, CAD$500,000 in cash, and a 2.0% net smelter return royalty. This transaction allows Fulcrum to focus on its core strategy of advancing tailings projects in Ontario, while maintaining a significant equity position in Loyalist, reflecting confidence in Loyalist’s ability to enhance the Tully Gold Project.
More about Fulcrum Metals Plc
Fulcrum Metals PLC is an AIM-listed technology-led natural resources company focused on the recovery of precious metals from mine tailings in Canada. Utilizing environmentally friendly leaching technology developed by Extrakt Process Solutions LLC, Fulcrum aims to become a significant gold producer by leveraging opportunities in the Timmins and Kirkland Lake mining camps, which are among Canada’s largest gold-producing areas.
Average Trading Volume: 496,170
Technical Sentiment Signal: Hold
Current Market Cap: £7.62M
For an in-depth examination of FMET stock, go to TipRanks’ Overview page.