Fulcrum Metals PLC - Eight Uranium Zones Identified at Fontaine Lake
Key Highlights
- ➤Eight high-confidence uranium zones identified at Fontaine Lake, northern Saskatchewan
- ➤18 combined uranium targets now identified across Fontaine Lake and Charlot-Neely
- ➤Previous samples returned up to 1.44% U₃O₈ and 4,732 ppm total rare-earth elements
- ➤Terra North option requires C$225,000 cash, C$1.9 million shares, and C$3.25 million exploration spending
- ➤Fulcrum retains 1% NSR royalty upon portfolio option exercise, half purchasable for C$1 million
Expert Statements
Ryan Mee, Chief Executive Officer of Fulcrum Metals plc
“These are excellent results, bringing the combined total of high-confidence uranium targets and target zones at Fontaine Lake and Charlot-Neely to 18. The survey highlights compelling targets along the Grease River Shear Zone, with additional uranium and rare-earth potential adding to the exploration opportunity.”
Ryan Mee, Chief Executive Officer of Fulcrum Metals plc
“We look forward to these projects advancing through follow-up exploration, and are delighted to have retained exposure to these highly prospective projects at a time when uranium is attracting renewed investor interest.”
BROMSGROVE, UNITED KINGDOM / ACCESS Newswire / November 3, 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, notes the announcement released by Terra Balcanica Resources Corp. ("Terra") on 2 November 2026, that its spin-out, Terra North Resources Corp. ("Terra North"), has identified eight uranium target zones following completion of an airborne radiometric and magnetic survey over the Fontaine Lake uranium project ("Fontaine Lake" or the "Project") in northern Saskatchewan.
The results follow the identification of ten high-confidence uranium targets at Charlot-Neely Lake, announced on 28 October 2026, bringing the combined total to 18 targets and target zones across the two projects within Fulcrum's Saskatchewan uranium portfolio, which is under option to Terra North.
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