Fulcrum Metals
FMET · AIM · Basic Resources · mcap £9.0m · 5.9p 2 open situations →
- EV
- £8.9m
- EV / EBIT
- –
- Net cash
- £671k
- FCF yield
- -30.2%
- Revenue
- –
- Share price 1y
- −20%
- Insiders 12m
- no deals
- Next report
- around 23 Jun
Open · 2
Teck-Hughes tailings project development
Phase 3 testing gave up to 78% gold recovery and Fulcrum took 100% of Teck-Hughes in Nov 2025. A £6M Yorkville package (5 May 2026) funds the pilot, a TDI pilot agreement was signed on 10 Jun 2026, and a non-binding US$20M Chancery royalty term sheet on 29 Jun 2026. On 5 Oct 2026 Fulcrum secured the Mississauga, Ontario site (lease from 1 Oct 2026) and signed the Demonstration Agreement with Extrakt and TDI. Commissioning is targeted by end Q4 2026; the royalty stays conditional on successful pilot testing.
- Latest raise
- About £250,000 at 7p, post period 28 Sep 2026 ↗
- Share count
- 159,549,062 ordinary shares after Admission 16 Sep 2026 ↗
- Next milestone
- Fit-out and commissioning targeted by end of Q4 2026; initial Teck-Hughes programme, then Sylvanite 5 Oct 2026 ↗
- Funding
- Pilot and initial Teck-Hughes programme funded, as stated in the announcement 5 Oct 2026 ↗
- Royalty
- Non-binding US$20M for a 5% NSR; successful pilot testing a key condition; 2% buyback for US$10M within two years of production 5 Oct 2026 ↗
- Pilot size
- Up to 2.4 tonnes per day, batches of about 600 kg 5 Oct 2026 ↗
Next: Fit-out and commissioning of Mississauga pilot facility · 31 Dec 2026
- 5 Oct 2026 Pilot site and technology agreement secured
- 28 Sep 2026 Long-lead equipment ordered; site talks advanced
- 16 Sep 2026 Pilot preparation: equipment pre-ordering, site arrangements advancing
- 29 Jun 2026 Pilot contract signed; royalty term sheet non-binding
Big Bear gold exploration
Next: assay results from autumn soil sampling, then drill target generation
- 27 Oct 2025 Soil sampling done; samples going to lab
Closed · 1
Company filings. Not investment advice.