Fulcrum Metals PLC Announces Fulcrum to Increase Shareholding in Loyalist
Key Highlights
- ➤Fulcrum (FMET) to receive 13.4 million Loyalist shares, lifting ownership to 19.9%
- ➤Remaining 1.6 million Loyalist shares deferred to maintain Fulcrum ownership below 20%
- ➤Tully resource milestone triggered entitlement to 15 million Loyalist shares or cash
- ➤Fulcrum retains C$50,000 financing and C$100,000 drilling-intercept milestone payments
- ➤Fulcrum retains 2% net smelter return royalty over Tully
Expert Statements
Ryan Mee, Chief Executive Officer of Fulcrum Metals plc
“Loyalist's progress at Tully is translating into a larger investment for Fulcrum. With our holding set to rise to 19.9%, our shareholders gain greater exposure to Tully's development and to the opportunities across Loyalist's wider portfolio.”
Ryan Mee, Chief Executive Officer of Fulcrum Metals plc
“We are pleased to support Loyalist as it advances Tully. The deferred shares, further milestone rights and our retained 2% net smelter return royalty give Fulcrum several ways to benefit as the project progresses. Importantly, the transaction allows Fulcrum to retain participation in Tully's potential future success while concentrating our operational resources on Teck-Hughes, Sylvanite and the development of our multi-project pilot facility as we build a scalable mine-waste recovery business.”
BROMSGROVE, UK / ACCESS Newswire / November 10, 2026 / Fulcrum Metals plc (AIM:FMET)(OTCQB:FULMF), which is developing a scalable platform to recover precious and critical metals from mine waste using Extrakt Process Solutions' ("Extrakt") cyanide-free technology, announces that it has agreed settlement arrangements with Loyalist Exploration Limited (CSE:PNGC) ("Loyalist") in respect of additional consideration arising from the disposal of the Tully Gold Project ("Tully").
Further to its announcement of 8 July 2026 regarding the Tully mineral resource milestone, the agreed arrangements will increase Fulcrum's holding to 92,372,740 Loyalist shares, representing approximately 19.9% of Loyalist's enlarged issued share capital following the initial issuance. Fulcrum also retains deferred share consideration, further milestone entitlements and a 2% net smelter return royalty over Tully. The arrangements preserve exposure to Tully's potential advancement while Fulcrum focuses on its mine-waste recovery strategy.
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