Fulcrum Metals Charlot-Neely Lake Uranium Project

Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to note the Fulcrum Metals PLC ("Fulcrum", LON: FMET) announcement detailing the staking of three new claim blocks totalling 4,856 hectares (48.56km2) (the "Claim Cells") contiguous to and extending Fulcrum's Charlot - Neely Lake uranium-gold project ("Charlot-Neely" or the "Project") in northern Saskatchewan, Canada.

Panther currently holds a total of 9,971,839 ordinary shares in Fulcrum representing a 19.99% interest in the entire issued share capital of Fulcrum, plus 714,286 warrants exercisable at 17.5p with a two-year life from 14 February 2023 and a further 476,190 warrants exercisable at 26.25p with a three-year life. Panther also retains a 2% net smelter return ("NSR") royalty over the Big Bear Project.

Fulcrum Announcement Highlights

• Fulcrum have staked three new Claim Cells totalling 4,856 hectares (48.56km2), thereby enlarging the Charlot-Neely project area to 12,481 hectares (124.81km2).
• The Claim Cells cover up to 20km in length of the regionally significant Black Bay Fault which is associated with rare-earth and uranium mineralisation elsewhere in northern Saskatchewan.
• The Claim Cells include an extensive 11km corridor of historic electromagnetic ("EM") geophysics conductors coincident with the western margin of the Black Bay Fault.
• The southern part of the acquired Claim Cells includes historic exploration records with trench samples assaying up to 0.43% U308, with scintillometer readings of up to 70,000counts per second and grab samples assaying >2,000ppm uranium.
• The Claim Cells also include uranium and rare earth element targets identified from hyperspectral data analysis.
• The Claim Cells have an initial term of two years with the first renewal dates falling mid-September 2025 and are directly contiguous to the Charlot-Neely Lakes project claims package which facilitates assessment work credit distributions.
• Fulcrum has staked the Claim Cells for a cash consideration of CA$3,174.

Darren Hazelwood, Chief Executive Officer, commented:

"Strategic and continued progress across Fulcrum's portfolio builds confidence, showing the business is positioning itself to deliver sustained growth. This underpins our own value in the company as we progress our assets to the next stages of development."

Further details are available in the Fulcrum announcement which is available to view at https://fulcrummetals.com/news/

Obonga Project

Dotted Lake Project

Manitou Lakes Project

Fulcrum Metals Plc

Panther Metals Australia

Conclusion