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FMET Fulcrum Metals Plc

15.75
0.00 (0.0%)
07 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fulcrum Metals Plc LSE:FMET London Ordinary Share GB00BPCPPZ79 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 15.75 0.00 07:48:46
Bid Price Offer Price High Price Low Price Open Price
15.50 16.00 15.75 15.75 15.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 15.75 GBX

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Date Time Title Posts
04/12/202308:24FMET - Fulcrum Metals53
17/9/202317:47FULCRUM METALS22

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Posted at 30/11/2023 08:04 by oilbuy
Option to Acquire Teck-Hughes Gold Tailings ProjectEnters Advanced Discussions with Extrakt to Licence its Sustainable Gold Leaching TechnologyFulcrum Metals plc (LON: FMET), a company focused on mineral exploration and development in Canada , is pleased to announce that its wholly owned subsidiary Fulcrum Metals (Canada) Ltd ("FMCL") has entered into an option agreement ("the Mining Option Agreement") to acquire a 100% interest in the Teck Hughes Gold Tailings project ("Teck-Hughes"), located in Kirkland Lake, Ontario, Canada.In addition, the Company also announces that, in parallel with the Mining Option Agreement, it is in advanced discussions with Extrakt Process Solutions ("Extrakt"), regarding the licensing of its proprietary technology. Extrakt is a sustainable technology company using separation technology to extract metals from tailings without the use of cyanide.
Posted at 02/11/2023 13:09 by oilbuy
CountYou should join FMET telegram group. Nice group & new stuff posted
Posted at 18/9/2023 06:13 by waldron
Fulcrum Metals says drilling programme exceeds expectations
September 13, 2023 at 01:06 pm EDT


Fulcrum Metals PLC - Canada-focused mineral exploration and development company - Provides an update on the exploration programme at the Big Bear property, part of the group's Schreiber-Hemlo project in Ontario. Notes during the summer, Fulcrum undertook a phase two exploration programme consisting of rock sampling and detailed geological mapping across the Schreiber-Pyramid area of the Big Bear property followed by an extended phase two program focussed on infill soil sampling of areas with limited or no bedrock exposure.

Says a total of 141 rock samples were taken reporting up to 17.6 grammes per tonne of gold. Highlights a gold bearing corridor of 3km open along strike and to the north. Says four drill ready prospects have been identified with significant gold assays at Schreiber-Pyramid No.1 North and No.1 South, Johnston-McKenna and Cook Lake with a further five prospects for further development.

Chief Executive Officer Ryan Mee says: "The exploration results have greatly exceeded our expectations and we will now need to make a decision on the next steps of our exploration programme."

Current stock price: 14.50 pence

12-month change: down 21%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com
Posted at 17/9/2023 17:47 by oilbuy
Thats just around the corner. Entry price is looking good below the 18.5p CLN
Posted at 07/9/2023 07:08 by oilbuy
Another cracking update. Anyone buying here is getting in below the ground price
Posted at 10/8/2023 04:14 by oilbuy
Share price 14.7 - 15.2 at the time of this CLN.Management purchased 195k of stock at 18.5p 3.8p above market price and there's no buyers.What am I missing here ?Answers on a postcard
Posted at 10/8/2023 04:06 by oilbuy
The 2013 resource estimate worked to a cut-off grade which used US$1,500/oz gold price and an unfavourable CAD/USD exchange rate of 1.02. An updated resource estimate using more current parameters may allow utilisation of a higher cut-off grade which could expand the Tully resourceAdd 400 dollars plus an ounce gold onto that and gold has only just begun its move.
Posted at 10/8/2023 04:03 by oilbuy
I get the distinct impression that this resource has been compiled in a very conservstive fashion.Deposit upside potentialSeveral possibilities to significantly enhance the deposit have been recognised following a site visit and data review. These include:o The deposit appears to be potentially open to the southwest, while drilling down plunge to the northeast made some significant intercepts which were not included in the resource estimate due to insufficient drilling. 2013 drilling by SGX Resources Inc. extended the deposit 100m eastward and to depth by 250m from the limits of previous drilling. Peak intercept in drill hole SGX-13-15 was:o 14.0m@ 20.1g/t Au from 247.35mo Incl. 452g/t Au over 0.5mFurther drilling by Fulcrum has the potential to add significant gold ounces to the resource in these areas.o Some holes beneath the current mineral resource were apparently excluded from the resource due to QAQC issues - there may be potential to review this work and/or drill new holes to higher quality standard.o In deposits such as Tully with nuggety gold some of the gold can be 'lost' during the sample preparation/assaying process. The use of screened metallic assay techniques can overcome this issue and Fulcrum proposes to study/resample some of the historic holes to see if the gold grades may be understated.o The 2013 resource estimate worked to a cut-off grade which used US$1,500/oz gold price and an unfavourable CAD/USD exchange rate of 1.02. An updated resource estimate using more current parameters may allow utilisation of a higher cut-off grade which could expand the Tully resource.o Historical development of similar nuggety gold vein deposits in the Timmins camp, such as the Dome mine, has tended to substantially expand the deposits once underground development is carried out and many extend to considerable depth. It has been noted at Dome that 40 to 60% of drill holes completed through multi-vein gold structures and 50 to 80% of holes completed through single vein structures failed to return any gold values in excess of 1.7g/t in areas that were ultimately mined. This suggests that eventual underground exploration development at Tully has the potential to significantly expand the deposit.The new underground mine construction at Bradshaw within 2km of Tully and the presence of other nearby processing facilities at Timmins provides potential options in relation to the future development of Tully.
Posted at 09/8/2023 16:34 by oilbuy
Lovely aquisition and a super grade. Significant upside potential beside a mine.No wonder directors took 195k of the CLN.15 - 15.5p and the CLN at 18.5p.Not one share bought. This has to be a coiled spring. Only a matter of time before it pops.Only listed a few months - no hanging around with theses boys.
Posted at 12/5/2023 10:09 by omsima
Exploration Update

Fulcrum Metals plc (LON: FMET), a company focused on mineral exploration and development in Canada, is pleased to provide a detailed update on its exploration activities in both Ontario and Saskatchewan.

Work undertaken to date by the Company is in line with the Company's strategy to accelerate exploration across its projects to improve the understanding of these highly prospective assets with the view to increasing shareholder value.

Significant progress has been made in the last three months since the Company's admission to trading on the AIM market of the London Stock Exchange on 14 February 2023 and the next programme steps are at an advanced planning stage as outlined below:

Schreiber-Hemlo Project, Ontario



· Initial focus is on the Big Bear property, aimed at advancing the project to drilling stage in Q3 2023.

· Commencing later this month, a second phase of geological mapping and sampling is planned to further refine the multiple targets identified, building on the very positive results of the first prospecting phase and the recent structural study which identified 42 priority exploration targets across the wider Schreiber-Hemlo project.

· Gold mineralisation occurs in quartz-carbonate veins hosted in mafic volcanic rocks (up to 45g/t Au in grab samples) and within sulphide bearing banded iron formation ("BIF") (up to 3.62g/t Au) which has the potential for thicker and more laterally extensive mineralisation.

· The Company contracted an airborne magnetic and electromagnetic ("EM") survey covering 683 line kms, which has now been completed, and when combined to existing airborne data provides complete coverage of the entire Big Bear property. The final results and analysis are expected early Q3 2023. An earlier airborne survey shows a number of anomalies that suggest quite widespread BIF occurrence.

· Following on from the phase 2 mapping/sampling programme and the further airborne surveying, targets will be ranked for initial diamond drill evaluation and testing.



Tocheri Lake, Ontario



· High-quality airborne magnetic and Transient Electromagnetic Method ("TDEM") surveys covering 232 line kms has now been completed with full results expected in early Q3 2023. This approach has been successful in generating exploration targets and resulted in high-grade nickel sulphide discoveries in the adjoining Tyco project held by Palladium One Mining Inc.



Winston Lake, Ontario



· This project has recently been expanded through the acquisition of 42 additional mining claims covering a sedimentary-volcanic contact zone reportedly exhibiting similar alteration to the historic Winston Lake base/precious metal deposit which was reported to be the highest-grade Zinc mine in North America.

· Historic sampling results from Fulcrum's new claims are reported to include grab samples of up to 1.35% and 0.97% copper and anomalous copper in soils of up to 1,100ppm over an area of 2 square kilometres.



Charlot - Neely Lake and Fontaine Lake Projects, Saskatchewan



· The Company has engaged a remote sensing specialist, Dr Neil Pendock, to undertake a detailed hyperspectral data analysis over the Fulcrum properties, focussed particularly on uranium and rare earth element targets, utilising Sentinel-2 satellite data.

· The analysis highlighted several consistent trends which may represent spectral fingerprints for uranium and rare earth elements. These data will be supplemented with the historic technical reports and government and provincial databases in refining exploration targets for 2023.



Ryan Mee, Chief Executive Office of Fulcrum Metals plc, commented:

"Since listing, Fulcrum has made solid and important progress at the significantly sized Schreiber-Hemlo Project covering approximately 113 square kilometres, in which the Big Bear property is demonstrating all the required characteristics such as high-grade gold in surface samples, favourable geology, favourable structures and potential regional scale shear zones that control the mineralisation, which are all desirable for economic mineral deposits. It is an exciting time as we move forward with plans to drill at the Schreiber - Hemlo project this year."

"The phase two mapping and sampling program at Big Bear will commence later this month as we finalise drill target selection and orientation. This will be followed by groundworks across the Ontario portfolio of projects. The groundworks in Saskatchewan will commence following the hyperspectral data review and incorporation of the historical data."

"Fulcrum has initiated a concerted effort across the portfolio and will sustain a continued exploration programme through the adoption of all the exploration tools at its disposal as we set about identifying and developing the significant potential of its assets through commercialisation and discovery.

I look forward to reporting on the exploration programmes and initiatives in the coming weeks and months."
Fulcrum Metals share price data is direct from the London Stock Exchange

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