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Fulcrum Metals Plc
(LSE:FMET)
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Rating:50Neutral
Price Target:
7.00 p
▼(-12.50% Downside)
Action:N/A
Date:09/23/26
The score is held back primarily by weak financial performance driven by a pre-revenue model, ongoing losses, and negative operating/free cash flow, partially offset by a stronger, debt-free balance sheet. Technically, the stock remains in a downtrend with negative momentum, though near-oversold readings provide only modest support. Valuation inputs offer limited clarity due to the reported P/E of 0.000 and no dividend yield.
Positive Factors
Debt-free balance sheet
Eliminating debt reduces financing obligations and preserves flexibility while the company remains pre-revenue. A debt-free structure can support continued exploration and development spending without the added burden of interest costs or mandatory repayment commitments.
Negative Factors
No reported revenue
A five-year absence of revenue leaves the business without demonstrated operating scale or recurring commercial traction. This makes medium-term progress dependent on exploration and the eventual transition to revenue-producing activities, with no established sales base to support growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Eliminating debt reduces financing obligations and preserves flexibility while the company remains pre-revenue. A debt-free structure can support continued exploration and development spending without the added burden of interest costs or mandatory repayment commitments.
Read all positive factors
Fulcrum Metals Plc (FMET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£11.17M
Dividend YieldN/A
Average Volume (3M)200.57K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding159,549,060
10 Day Avg. Volume202,459
30 Day Avg. Volume200,571
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fulcrum Metals Plc Business Overview & Revenue Model
Company Description
Based in Bromsgrove, United Kingdom, Fulcrum Metals plc, established in 2022, is primarily focused on the exploration of gold, base metals, and uranium deposits across Canada. Its principal holding is the Schreiber-Hemlo Project in Ontario, an are...
Fulcrum Metals Plc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -464.24K | -1.07M | -1.67M | -557.07K | -21.24K |
| Net Income | -553.50K | -1.15M | -1.71M | -619.60K | -31.50K |
Balance Sheet | |||||
| Total Assets | 5.91M | 4.10M | 4.55M | 1.28M | 343.85K |
| Cash, Cash Equivalents and Short-Term Investments | 281.89K | 340.52K | 620.92K | 96.98K | 130.51K |
| Total Debt | 0.00 | 605.50K | 519.38K | 213.37K | 91.67K |
| Total Liabilities | 751.81K | 998.32K | 867.59K | 759.80K | 124.39K |
| Stockholders Equity | 5.15M | 3.11M | 3.68M | 520.90K | 219.46K |
Cash Flow | |||||
| Free Cash Flow | -1.59M | -1.29M | -2.71M | -845.26K | -206.43K |
| Operating Cash Flow | -854.25K | -897.00K | -1.38M | -418.46K | 3.87K |
| Investing Cash Flow | -437.44K | -382.83K | -1.32M | -426.80K | -210.30K |
| Financing Cash Flow | 1.26M | 948.00K | 3.23M | 791.47K | 336.87K |
Fulcrum Metals Plc Technical Analysis
Negative
8.00
Price Trends
7.47
Negative
7.98
Negative
8.21
Negative
Market Momentum
-0.19
Positive
37.55
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FMET, the sentiment is Negative. The current price of 8 is above the 20-day moving average (MA) of 7.25, above the 50-day MA of 7.47, and below the 200-day MA of 8.21, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 37.55 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FMET.
Fulcrum Metals Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | £11.17M | ― | -13.40% | ― | ― | ― | |
47 Neutral | £1.57M | -6.69 | -3.16% | ― | ― | ― | |
46 Neutral | £12.95M | -3.83 | -20.07% | ― | ― | 40.00% | |
45 Neutral | £7.96M | -1.03 | 1095.86% | ― | ― | -5.22% | |
44 Neutral | £8.86M | 9.62 | -3.70% | ― | ― | 50.00% |
* Basic Materials Sector Average
GB:FMET
Fulcrum Metals Plc
7.00
0.88
14.29%
GB:UFO
Alien Metals Ltd
0.07
-0.08
-52.00%
GB:ROCK
Rockfire Resources PLC
0.12
-0.12
-52.08%
GB:KDR
Karelian Diamond Resources
0.80
0.18
29.03%
GB:CMRS
Caerus Mineral Resources Plc
2.18
-1.42
-39.44%
Fulcrum Metals Plc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Fulcrum Metals Raises £250,000 to Drive Ontario Pilot and Tailings Projects
Positive
Sep 16, 2026
Fulcrum Metals has secured a £250,000 direct institutional subscription at 7 pence per share, issuing 3,571,428 new shares to bolster working capital and financial flexibility. The funds will primarily support the establishment of its Ontario...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Fulcrum Metals gains U.S. OTCQB listing to back Ontario mine waste strategy
Positive
Sep 8, 2026
Fulcrum Metals PLC, listed on AIM, operates in the mining and metals recovery sector, specialising in extracting gold and critical and technology metals from historic mine tailings in Canada via cyanide-free processing technology. Its primary focu...
Business Operations and Strategy
Fulcrum Metals Gains Exploration Upside from Strong Anomalies at Saskatchewan Uranium Project
Positive
Sep 7, 2026
Fulcrum Metals has reported encouraging preliminary results from airborne geophysical surveying at the Charlot-Neely Lake uranium project in northern Saskatchewan, part of its roughly 594 km² uranium portfolio currently under option to Terra ...
Business Operations and StrategyDelistings and Listing Changes
Fulcrum Metals Launches Fully Funded Uranium Exploration in Saskatchewan
Positive
Aug 20, 2026
Fulcrum Metals has announced the start of an airborne geophysical exploration programme at its Charlot-Neely Lake uranium project in Saskatchewan, under option to Terra North Resources. Terra North has hired Special Projects Inc. to fly 2,441 line...
Business Operations and StrategyRegulatory Filings and Compliance
Fulcrum Metals reports change in significant shareholding as it advances cyanide-free tailings projects
Positive
Aug 10, 2026
Fulcrum Metals Plc, listed on AIM under the ticker FMET, operates in the mining and natural resources sector with a technology-driven focus on recovering precious and critical metals from Canadian mine tailings using cyanide-free leaching solution...
Business Operations and StrategyPrivate Placements and Financing
Fulcrum Metals Secures Additional Terra North Equity in Amended Saskatchewan Uranium Deal
Positive
Aug 10, 2026
Fulcrum Metals has amended its option agreement with Terra Balcanica’s spin-off Terra North Resources covering its Saskatchewan uranium portfolio, securing C$560,000 in additional equity via 5.6 million Terra North shares in lieu of part of ...
Business Operations and StrategyRegulatory Filings and Compliance
Fulcrum Metals Confirms Total Voting Rights and Share Capital
Positive
Jul 31, 2026
Fulcrum Metals plc has confirmed that its issued share capital currently consists of 155,977,634 ordinary shares of 1 pence each, with one voting right per share and no shares held in treasury. This figure represents the total number of voting rig...
Business Operations and StrategyShareholder Meetings
Fulcrum Metals Secures Shareholder Backing for Mine Waste Recovery Strategy at AGM
Positive
Jul 17, 2026
Fulcrum Metals PLC, which is pioneering cyanide-free technologies to recover precious and critical metals from Canadian mine waste while regenerating historic sites, reported that all resolutions at its Annual General Meeting were approved by shar...
Business Operations and StrategyPrivate Placements and Financing
Fulcrum Metals advances cyanide-free tailings strategy with pilot plant and expanded funding
Positive
Jul 17, 2026
Fulcrum Metals reported a year of strategic progress as it shifts from laboratory validation to pilot-scale demonstration of its cyanide-free processing technology at the Teck-Hughes gold tailings project. A pilot plant agreement with TDI Solution...
Business Operations and StrategyFinancial Disclosures
Fulcrum Metals Set for Milestone Payout After Tully Gold Resource Upgrade
Positive
Jul 8, 2026
Fulcrum Metals has highlighted an updated mineral resource estimate from Loyalist Exploration for the Tully Gold Project in Timmins, Ontario, which now stands at about 265,000 ounces of gold and surpasses a key 200,000-ounce contractual threshold....
Business Operations and StrategyRegulatory Filings and Compliance
Fulcrum Metals Confirms Total Voting Rights and Share Capital on AIM
Positive
Jun 30, 2026
Fulcrum Metals PLC has confirmed that its issued ordinary share capital stands at 153,624,692 shares of 1 pence each, with one voting right per share and no shares held in treasury. This figure establishes the total number of voting rights in the ...
Business Operations and StrategyPrivate Placements and Financing
Fulcrum Metals secures royalty funding framework with Chancery for Teck-Hughes tailings project
Positive
Jun 29, 2026
Fulcrum Metals has agreed a non-binding US$20 million royalty financing term sheet and a £200,000 equity subscription with Chancery Royalty tied to its Teck-Hughes tailings project in Kirkland Lake, Ontario. The proposed 5% net smelter return...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Fulcrum Metals advances cyanide-free tailings projects and secures funding for pilot plant
Positive
Jun 24, 2026
Fulcrum Metals reported final results for 2025, highlighting a shift from concept validation to project advancement as it secured full ownership of the flagship Teck-Hughes Gold Tailings Project and strengthened its exclusive technology partnershi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.