Update: Extension of Bonus Warrant Acceleration Offer
Strong uptake with £688,741 received, representing 47.6% of eligible warrants exercised
Fulcrum Metals plc has extended its Bonus Warrant Acceleration Offer following strong initial demand, with £688,741 raised from the exercise of 47.6% of eligible warrants. This resulted in the issue of 6,887,416 new bonus warrants, each exercisable at 10p until July 2027.
The offer has been extended to February 20, 2026, to accommodate further investor interest. Proceeds will be used to accelerate development at the Teck-Hughes and Sylvanite Tailings projects.
Applications will be made for the new ordinary shares to be admitted to trading on AIM on or around January 23, 2026, increasing the company’s total voting rights to 138,287,039.
Commenting on the Offer, Ryan Mee, CEO of Fulcrum Metals, said: “We are delighted by the significant uptake of the Offer by the warrant holders so far. The Board of Fulcrum has extended the Offer to allow those that have expressed interest in participating in the Offer to still have the opportunity to do so.
“Funds raised from this exercise will be used by the Company to continue to accelerate the development of the Teck-Hughes and Sylvanite Tailings projects which include the auger drilling and testing programs at the Sylvanite project and next stages of development work at Teck Hughes upon completion of the phase 3 detailed metallurgical and optimisation testing with Extrakt.
