REG - Fulcrum Metals PLC - Launch of Bonus Warrant Acceleration Offer

Fulcrum MetalsAnnouncement

17/12/2025 07:00

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RNS Number : 8452L  Fulcrum Metals PLC  17 December 2025

 

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

 

 

17 December 2025

 

Fulcrum Metals plc

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

Launch of Bonus Warrant Acceleration Offer

Funds raised would be used by the Company to accelerate advancement of
Teck-Hughes and Sylvanite Tailings Projects

Fulcrum Metals plc (AIM:FMET), a company pioneering the use of innovative
technology to recover precious and critical metals from mine waste, announces
the launch of a Bonus Warrant Acceleration Offer (the "Offer") to encourage
the exercise and exchange of previously issued warrants and raise funds to
accelerate the development of the Teck-Hughes and Sylvanite tailings
projects.

The proceeds from the Offer following any exercise of warrants would be used
by the Company to support the accelerated integrated development across the
Company's tailings projects, reviewing strategically aligned opportunities and
general working capital. The work programmes under consideration are designed
to align synergies across Fulcrum's Teck Hughes and Sylvanite mine tailing
projects to create a processing hub. This includes but is not limited to,
auger drilling and testing programs at the Sylvanite project and next stages
of development work at Teck Hughes upon completion of the phase 3 detailed
metallurgical and optimisation testing with Extrakt.

Commenting on the Offer, Ryan Mee, CEO of Fulcrum Metals said: "Several major
milestones have been achieved in advancing Teck Hughes towards production
including completing the auger drill program and the excellent preliminary
metallurgical results with over 70% recovery of gold and silver.

The objective of the bonus warrant offer is to strengthen the Company's
financial position in order to start accelerated parallel work programmes
across our tailing projects for maiden Mineral Resource Estimates and
potential integrated production scenarios.

"This approach utilises Fulcrum's existing warrant structure for capital and
share structure efficiency. We believe the proposals for warrant holders are
in the best interests of shareholders and supports the accelerated development
of the Company's tailings assets."

Terms of Bonus Warrant Acceleration Offer

Under the terms of the Offer, warrant holders who hold warrants with exercise
prices of 5 pence and 3 pence will have the opportunity to exercise their
warrants at their stated exercise price for the duration of the offer period.
All other warrant holders will also be able to exercise their warrants at 5
pence during the same period.  Those who elect to exercise their warrants
pursuant to the Offer will receive a half bonus warrant, exercisable at 10
pence and valid for 18 months from 16 January 2026.  Any warrant holders who
choose not to participate in the Offer will retain the warrants they hold on
their existing terms.

The offer period to exercise the warrants starts today and closes on 16
January 2026 whereby acceptances and funds need to be received by the Company.
Further information will be set out in documentation to be sent to warrant
holders shortly.

Director and Related party Transactions

The Directors are interested in 3,609,413 warrant shares which were issued as
part of the convertible loan note earlier in the year. Due to the likelihood
of being in a closed period, it is anticipated that the Directors will not be
permitted to take up the warrant offer.

FOR FURTHER INFORMATION

Visit: www.fulcrummetals.com (http://www.fulcrummetals.com)

Follow on X: @FulcrumMetals

Contact:

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

 Allenby Capital Limited (Nominated adviser)
 Nick Athanas / Ashur Joseph                  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

 

 Notes to Editors

 

About Fulcrum Metals PLC

Fulcrum Metals PLC (AIM: FMET) is an AIM listed technology led natural
resources company focused on recovery of precious metals from mine tailings
(previously milled and processed ore) in Canada using environmentally friendly
leaching technology developed by Extrakt Process Solutions LLC and its
associates (together "Extrakt"). Fulcrum's initial projects are the tailing
sites of the former Teck-Hughes and Sylvanite gold mines in the Kirkland Lake
mining camp of Ontario. In addition, the Company has interests in a portfolio
of highly prospective mineral exploration and development projects in both
Ontario and Saskatchewan, Canada.

Fulcrum has an exclusive Master Licence Agreement ("MLA") for the rights to
Extrakt's proven cyanide free leaching technology on gold mine waste sites
over the mining districts of Timmins and Kirkland Lake. These are two of
Canada's biggest gold camps with historical gold production of over 110Moz
over the past 100 years and more than 70 documented legacy mine waste sites.
This presents Fulcrum with the opportunity to develop into a significant,
environmentally friendly, near term gold producer.

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