Fulcrum Metals PLC - Secures £1M Support for Pilot Facility Development
Key Highlights
- ➤£1M financing combines £488,699 cash subscriptions and £511,301 debt conversion
- ➤7,518,445 subscription shares and 7,866,175 conversion shares issued at 6.5 pence
- ➤Mississauga pilot facility funding targets commissioning before Teck-Hughes programme
- ➤15,384,620 new shares will be issued, increasing potential dilution for shareholders
Expert Statements
Ryan Mee, Chief Executive Officer of Fulcrum Metals plc
“We welcome the support of new and existing investors, alongside our institutional debt provider YA, as we progress delivery of Fulcrum's mine-waste recovery strategy.”
Ryan Mee, Chief Executive Officer of Fulcrum Metals plc
“This financing supports our immediate operational priorities: completing and commissioning the Mississauga facility and preparing for the first pilot programme using Teck-Hughes material.”
Ryan Mee, Chief Executive Officer of Fulcrum Metals plc
“The facility is being established as a reusable development platform. The technical data and operating knowledge generated through successive programmes will support project engineering, development decisions and assessment of further opportunities. Beginning with Teck-Hughes and Sylvanite, our objective is to establish a repeatable pathway from laboratory results towards commercial recovery of precious and critical metals.”
BROMSGROVE, UNITED KINGDOM / ACCESS Newswire / October 27, 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 support from investors and its institutional debt provider through a £1m financing (before expenses) at 6.5 pence per share (the "Issue Price").
The financing comprises £488,699 of direct cash subscriptions (the "Subscription") and the conversion of £511,301 of scheduled principal and interest payments into equity (the "Conversion") by institutional investor YA II PN Ltd ("YA").
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