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  2. Share Prices
  3. Fulcrum Metals Share Price
  4. Fulcrum Metals Share News
  5. Fulcrum Metals signs letter of intent for sale of uranium projects

Pin to quick picksFulcrum Metals Share News (FMET)

Fulcrum Metals Information

Share Price Information for Fulcrum Metals (FMET)

London Stock Exchange
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Share Price: 14.85
Bid: 14.70
Ask: 15.00
Change: 0.00 (0.00%)
Spread: 0.30 (2.041%)
Open: 14.85
High: 14.85
Low: 14.85
Prev. Close: 14.85
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Fulcrum Metals signs letter of intent for sale of uranium projects

Wed, 03rd Apr 2024 12:51

(Alliance News) - Fulcrum Metals PLC on Wednesday announced that it signed a letter of intent to sell its Saskatchewan uranium projects.

The Canada-focused mineral exploration and development company said the LOI is with Terra Balcanica Resources Corp, a Bosnia & Herzegovina and Serbia-focused mining explorer.

Terra will have the option to fully buy the projects, paying CAD300,000, around USD221,000, in cash, with the value of shares in Terra to Fulcrum increasing to around CAD3.0 million over four years.

Panther Metals, an Isle of Man-based investor in and acquirer of companies within the natural resource sector with a near 20% stake in Fulcrum, noted the announcement.

Fulcrum Metals shares were flat at 15.00 pence each on Wednesday afternoon in London, while Panther Metals shares rose 7.7% to 3.50p each.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Fulcrum grants option to GEMC for Saskatchewan properties

Fulcrum Metals PLC - Canada-focused mineral exploration and development company - Signs letter of intent with Global Energy Metals Corp for an option and royalty agreement regarding its Saskatchewan uranium properties. Fulcrum will receive 5 million common shares in GEMC under the LoI. In addition, a further CAD1million, or GBP587,036 in cash and shares in GEMC would be paid to Fulcrum if the option agreementis exercised by GEMC within a two-year option period.

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