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:

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.

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