REG - Fulcrum Metals PLC - Admission to AIM and First Day of Dealings

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RNS Number : 7727P  Fulcrum Metals PLC  14 February 2023

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14 February 2023

Fulcrum Metals plc

 

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

 

Admission to AIM and First Day of Dealings

 

Fulcrum Metals plc (AIM: FMET), a multi-commodity minerals exploration
company, is pleased to announce that admission to AIM will occur, and dealings
in its shares will commence, at 08.00 a.m. today, 14 February 2023
("Admission").  Dealings in the shares will commence under the ticker "FMET"
with the ISIN number of GB00BPCPPZ79 and the SEDOL is BPCPPZ7. The Company's
Admission Document is available to view on the Company's website at
www.fulcrummetals.com (http://www.fulcrummetals.com) .

 

Upon Admission, the Company will have a market capitalisation of £8.725
million, following a successful total fundraise of £3.0 million (before
expenses) at the placing price of 17.5 pence per Ordinary Share ("the
Placing").

 

The net proceeds of the Placing will be used by the Group to capitalise on the
potential of its multi-commodity portfolio of base, precious and energy
metals, in Canada a jurisdiction which is politically stable and rich in
mineral resources, by advancing them through the value chain.

 

The Company is being advised by Allenby Capital Limited, who are acting as
nominated adviser, and Clear Capital Markets Limited its broker.

 

Ryan Mee, Chief Executive Officer of Fulcrum Metals, commented:

 

"The AIM listing marks a significant milestone for the Company, and I would
like to thank everyone involved in making this day a reality. Special thanks
to our initial investors for their continued support and I would like to
welcome our new investors, who recognised the potential in investing in a
well-positioned exploration company like Fulcrum.  It is going to be an
exciting 2023."

 

Introduction and Background

 

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.

 

On Admission its project portfolio will comprise six gold and base metal
projects in Ontario 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 totalling
136km(2).

 

The Projects are pre-discovery with large, diversified land packages that have
either substantial historical samples or prospective geology and 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 base load
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 has 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 real potential for the discovery and
development of an economic mineral deposit.

 

The Company's latest investor presentation is available on the company's
website.

 

For more information, please visit www.fulcrummetals.com
(http://www.fulcrummetals.com) or contact the following:

 

 Fulcrum Metals plc

 Ryan Mee, Chief Executive Officer            Via St Brides Partners Limited

 Allenby Capital Limited (Nominated Adviser)  +44 (0) 203 328 5656

 Nick Athanas / George Payne

 Clear Capital Markets Limited (Broker)       +44 (0) 203 897 0981

 Keith Swann

 St Brides Partners Ltd (Financial PR)

 Ana Ribeiro / Paul Dulieu                    +44 (0) 207 236 1177

 

 

 

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