REG - Fulcrum Metals PLC - Result of General Meeting

Fulcrum MetalsAnnouncement

22/05/2026 15:15

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RNS Number : 5174F  Fulcrum Metals PLC  22 May 2026

 

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

 

 

22 May 2026

 

 

Fulcrum Metals plc

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

 

Result of General Meeting

 

 

Fulcrum Metals plc (AIM: FMET), a company pioneering the use of innovative
cyanide-free technologies to recover precious and critical metals from mine
waste and support site remediation, is pleased to announce that at its General
Meeting held earlier today, all resolutions set out in the Company's
announcement of 5 May 2026, were duly passed.

 

Votes cast were as follows:

 

 Resolutions             Votes for   %       Votes against  %      Votes total  Votes withheld*
 Resolution 1: Ordinary  59,193,429  99.54%  275,331        0.46%  59,468,760   0
 Resolution 2: Special   58,123,978  97.74%  1,344,782      2.26%  59,468,760   0

*A vote withheld is not a vote in law and is not counted in the calculation of
the proportion of votes "For" or "Against" any of the resolutions.

 

Following the passing of the Resolutions, the Company now has  sufficient
authority from shareholders to issue all the new Ordinary Shares that may be
issued on the conversion of the Loans, the Equity Subscriptions, the exercise
of warrants to be issued to YA and pursuant to the ATM agreement.

 

The passing of the Resolutions gives the Company the authority to: (i) draw
down the second tranche of £1,500,000 of the First Loan, convertible into new
Ordinary Shares at 11.375 pence per share; and (ii) issue the new Ordinary
Shares that may be issued to YA on exercise of the First Warrants which are
exercisable at 13.125 pence per share.

 

The second tranche of £1,500,000 of the First Loan will be drawn down shortly
now that the Company has obtained the Required Issue Authority.

 

Furthermore, the passing of the Resolutions also provide the Company with the
authority in respect of the potential utilisation of the £2,500,000 ATM
facility, the potential conversion of the Second Loan of £2,500,000, the
Second Equity Subscription of £500,000, each at prices to be determined by
reference to the prevailing VWAP at the relevant time, as previously
announced, and the potential exercise of the Second Warrants which would be
issued as part of the Second Loan.

 

The financing package with YA was secured to fully fund the pilot plant
development and testing at the Company's Teck Hughes and Sylvanite tailings
projects and further details are set out in the Company's announcement of 5
May 2026.

 

Ryan Mee, Chief Executive Officer of Fulcrum Metals, commented: "We would like
to thank shareholders for their support and for approving the resolutions at
today's meeting. The additional headroom provides the Company with important
financial flexibility as we continue to accelerate activity at The Teck Hughes
and Sylvanite tailings projects. The funding package with YA is key as it
fully funds pilot fund development and testing for both projects. We look
forward to updating shareholders on our progress."

 

Unless otherwise defined herein, capitalised terms used in this announcement
have the same meanings as in the Company's announcement dated 5 May 2026.

 

 

Engage with the Fulcrum Metals PLC management team directly by asking
questions, watching video
summaries and seeing what other shareholders have
to say. Navigate to our interactive investor
hub here:
https://fulcrummetals.com/s/7fc3a5 (https://fulcrummetals.com/s/7fc3a5)

 

Subscribe to our news alert service: (https://fulcrummetals.com/s/c5b90a)
https://fulcrummetals.com/s/c5b90a (https://fulcrummetals.com/s/c5b90a)

 

FOR FURTHER INFORMATION

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

Follow on X: @FulcrumMetals LinkedIn·Fulcrum Metals PLC
(https://www.linkedin.com/company/fulcrum-metals-plc/)

 

You can engage with the management team about this announcement here:
https://fulcrummetals.com/link/yEvg6e

 

Contact:

 

 Fulcrum Metals PLC
 Investor questions on this announcement         https://fulcrummetals.com/link/e9MR8e (https://fulcrummetals.com/link/e9MR8e)

 We encourage all investors to share questions

 on this announcement via our investor hub

 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").  The Company's current projects are the
tailing sites of the former Teck-Hughes and Sylvanite gold mines, located in
the Kirkland Lake region 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 agreement for exclusivity rights in respect of any licensed use
of Extrakt's proven cyanide free technology on legacy gold mine waste sites
over the mining districts of Timmins and Kirkland Lake. These are two of
Canada's biggest gold camps with a historical production above 110Moz over the
past 100 years, leaving more than 70 documented legacy mine waste sites.

 

Fulcrum is now focused on the development of its Teck-Hughes and Sylvanite
projects towards production using Extrakt's technology and positioned to scale
the concept across two of Canada's historically most productive gold regions.
Fulcrum believes this represents a substantial, long-term opportunity to
unlock significant and largely untapped value from legacy mine waste.

 

 

 

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