Fulcrum Metals float on AIM
Fulcrum Metals plc was incorporated in England & Wales on 10 October 2022 and is the holding company of a mineral exploration group with base, precious and energy metal projects in Canada. Canada is a politically stable jurisdiction that is rich in mineral resources.
The Group’s projects will comprise six gold and base metal projects in Ontario, Canada, totalling 252km 2, covering the Schreiber-Hemlo, Wawa, Winston Lake and Dayohessarah Greenstone Belts, and two uranium and gold projects in the Northern Athabasca Basin region of Saskatchewan, Canada totalling 136km 2.
The Group’s projects are pre-discovery with large, diversified land packages that have either substantial historical samples or prospective geology and are located nearby mineral-rich deposits or producing mines. Fulcrum sees the uranium projects as an opportunity to capitalise on the increasing global recognition and investment towards nuclear energy as a way of decarbonising baseload power.
The main focus of Fulcrum is to advance, develop, and scale the flagship Schreiber-Hemlo Project comprising the Big Bear and Jackfish Lake properties, whereby the Group have amassed a significant land position of circa 113km 2. The properties have 38 recorded mineral occurrences, high-grade gold in rock samples and shear zones that have the best potential for the discovery and development of an economic mineral deposit.
Admission to Trading on AIM
On 14th February 2023, admission and dealings on AIM commenced by way of a Placing of 17,142,857 Ordinary Shares of 1 penny each at 17.5 pence per share.
The Perivan shareholder communications team were delighted to work with Allenby Capital who was appointed as Nominated Adviser to Fulcrum on the successful production and publication of the 241-page admission document.
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