RCS - Fulcrum Metals PLC - Appointment of Strategic Adviser

Fulcrum MetalsAnnouncement

04/03/2024 07:00

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RNS Number : 3632F  Fulcrum Metals PLC  04 March 2024

REACH: non-regulatory announcement*

 

Fulcrum Metals plc / EPIC: FMET / Market: AIM / Sector: Mining

 

4 March 2024

 

 

Fulcrum Metals plc

("Fulcrum" or the "Company" or the "Group")

 

Appointment of Strategic Adviser

 

Fulcrum Metals plc (LON: FMET), a company focused on mineral exploration and
development in Canada, is pleased to announce that it has appointed Jason
Brewer as a strategic adviser to the Board of Directors with immediate effect.

 

Mr Brewer has over 28 years' experience in international mining, financial
markets, and investment banking. This includes holding senior executive
positions with a number of major global investment banks, including Dresdner
Kleinwort Benson, NM Rothschild & Sons and Investec and with listed fund
management companies focused on the mining and metals sector. He is the
co-founder of Gathoni Muchai Investments Limited, an active African focused
private equity-style mining investment company, CEO of London listed Marula
Mining plc, director of Shuka Minerals plc and Unicorn Mineral Resources plc,
and Non-Executive Chairman of London Listed Neo Energy Metals plc. Mr Brewer
is also the founder of the Mayflower Childrens Foundation, an organisation
that aims to improve the education, health, and wellbeing of African children
through a variety of charitable programmes.

Ryan Mee, Chief Executive Office of Fulcrum, commented: "I'd like to welcome
Jason Brewer as a strategic adviser to Fulcrum's board at an exciting time in
the company's development. Jason has a wealth of experience in the listed
junior mining space, and we look forward to drawing on his experience and
expertise at this pivotal stage in Fulcrum's growth in both Canada and as a
listed company."

Jason Brewer added: "I'm delighted to be appointed as a strategic adviser to
the Board of Fulcrum Metals. This opportunity represents a significant
milestone in my professional journey, as it will allow me to extend the reach
of my expertise and contribute to the success of Fulcrum Metals.

Fulcrum Metals' gold strategy in Ontario, Canada is one I believe they can
deliver on in the short term, and I am particularly excited about the
potential of the Tailings Technology which could unlock significant value in
the gold tailings market in Ontario as they look to secure and deliver early
cashflow using proven, effective, and environmentally friendly techniques.
Fulcrum's strategy of delivering value to shareholders is something I am
focused on at all listed companies I am involved with and it's great to be
working with a Board that has a similar ethos.

This role also holds a special personal resonance, as it brings me back to my
roots in Timmins, where I commenced my mining career after graduating from
university. Timmins is such a well-established and proven mining operating
environment and offers a number of growth opportunities for the Company.

"I look forward to collaborating with the talented team and leveraging our
collective strengths to drive Fulcrum Metals forward."

 

 

 Fulcrum Metals PLC
 Ryan Mee (Chief Executive Officer)           Via St Brides Partners Limited

 Allenby Capital Limited (Nominated adviser)
 Nick Athanas / George Payne                  Tel: +44 (0) 203 328 5656

 Clear Capital Markets Limited (Broker)
 Bob Roberts                                  Tel: +44 (0) 203 869 6081

 St Brides Partners Ltd (Financial PR)
 Ana Ribeiro / Paul Dulieu                    Tel: +44 (0) 20 7236 1177

 

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Notes to Editors

 

FULCRUM METALS - BACKGROUND

 

Fulcrum Metals PLC (LON: FMET) is an AIM quoted exploration company which
finances and manages exploration projects focused on Canada, widely recognised
as a top mining jurisdiction.

 

Fulcrum currently holds a beneficial 100% interest in highly prospective gold
and base metals projects in Ontario and uranium projects in Saskatchewan.

 

Fulcrum's strategy is to focus on discovery and commercialisation of its
Projects through targeted exploration programmes. The primary focus is to make
an economic discovery on the flagship Schreiber-Hemlo Properties and to
establish the prospectivity of its wider Ontario and Saskatchewan portfolio
with a view to securing potential joint venture and/or acquisition interest.

 

The Schreiber - Hemlo properties have a history of prospecting and localised
extraction since the late 19th century. However, coherent property-level
exploration programmes have been limited or absent, particularly in recent
times. Fulcrum has an opportunity to carry out such a programme and this
approach provides the best opportunity to fully explore the significant
prospectivity of the properties. A recent structural study identified 42
priority exploration targets, of which 24 targets within the Big Bear property
and 18 in the Jackfish property, with 14 in total (9 on Big Bear and 5 on
Jackfish) being ranked as high priority for follow-up. The properties have the
potential to host a large, structurally controlled, stratabound-style banded
iron formation (BIF) gold prospect similar to the Musselwhite deposit
(McNicoll et al., 2016), in addition to an Archean greenstone, orogenic-style
lode gold prospect, extending past the bounds of known historical mineral
occurrences.

 

The Tully property, 458 hectares in area, is located 30 kilometres northeast
of Timmins, Ontario and includes the Tully (Timmins North) deposit, which has
been the focus of several drilling campaigns since its discovery in 1969. The
Tully deposit is located 2 kilometres southwest of the Bradshaw Gold Project
of Gowest Gold Ltd., currently in development. The property is accessed by an
all-weather gravel road that extends 15 kilometres to the east off of highway
655.

 

While highly prospective, Fulcrum's mining assets are in the exploration
phase, so Fulcrum stands to be able to add significantly to the inherent value
through exploration success. Fulcrum will continually review opportunities
with potential and with a view to increasing shareholder value. It is the
Board's intention to deliver medium and long-term growth and to establish the
Group as a significant exploration company.

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