Fulcrum Metals PLC Announces Uranium Targets Identified at Charlot-Neely
Key Highlights
- ➤Ten high-confidence uranium targets identified at Charlot-Neely Lake
- ➤Targets show uranium peaks with total-count readings up to 3,200 cps
- ➤Terra North plans ground verification and rock sampling of targets
- ➤Fulcrum retains potential cash and equity consideration totaling C$2.125 million
- ➤Fulcrum will retain a 1.0% NSR royalty after project transfer
Expert Statements
Ryan Mee, Chief Executive Officer of Fulcrum Metals
“We are delighted with the progress being made by Terra North at Charlot-Neely. The identification of ten uranium targets demonstrates the Project's potential and provides a basis for further exploration; we look forward to the results of the planned ground-based work.”
BROMSGROVE, UK / ACCESS Newswire / October 28, 2026 / Fulcrum Metals plc (AIM:FMET)(OTCQB:FULMF), a company developing a scalable platform to recover precious and critical metals from mine waste using Extrakt Process Solutions ("Extrakt") cyanide-free technology, notes the announcement released by Terra Balcanica Resources Corp. ("Terra") on 27 October 2026, that its spin-out, Terra North Resources Corp. ("Terra North"), has identified multiple uranium targets at the Charlot-Neely Lake uranium project ("Charlot-Neely" or the "Project"), following the completion of an airborne geophysical survey.
The survey identified strong uranium anomalies aligned with magnetic structures associated with the Black Bay Fault system, highlighting priority targets for follow-up exploration. Terra North plans to undertake ground-based verification and rock sampling to assess the targets.
Get started
Create a free account to read the full story.