Fulcrum Metals Plc (AIM: FMET) has reported that investor Ian Bagnall has increased his shareholding in the company, taking his total voting rights above a key disclosure threshold.
According to a regulatory notification, Mr Bagnall now controls 7,182,795 ordinary shares, representing 4.69% of the company’s issued share capital. This compares with a previous holding of 3.79%, marking a notable increase in his investment.
The threshold crossing occurred on 9 June 2026 and was formally notified to the company on 10 June 2026.
The filing confirms that Mr Bagnall holds the shares directly and is not controlled by, or acting on behalf of, any other entity.
Director and major shareholder purchases are often closely watched by investors as indicators of confidence in a company’s prospects, particularly during periods of operational progress.
The increase in Mr Bagnall’s stake comes as Fulcrum continues to advance its mine waste recovery strategy in Ontario, where the company recently announced the deployment of a pilot plant using Extrakt’s cyanide-free metal recovery technology. The pilot programme is designed to support the commercialisation of the Teck-Hughes project and potentially unlock broader opportunities across historic mine waste sites in the Timmins and Kirkland Lake districts.
With Fulcrum moving from laboratory testing towards pilot-scale operations, the increase in ownership by a significant shareholder may be viewed as a positive signal of support for the company’s long-term strategy and growth potential.
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
Fulcrum Metals Plc |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an “X”) |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv |
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Name |
Mr Ian Bagnall |
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City and country of registered office (if applicable) |
N/A |
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4. Full name of shareholder(s) (if different from 3.)v |
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Name |
N/A |
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City and country of registered office (if applicable) |
N/A |
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5. Date on which the threshold was crossed or reachedvi: |
09/06/2026 |
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6. Date on which issuer notified (DD/MM/YYYY): |
10/06/2026 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
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Resulting situation on the date on which threshold was crossed or reached |
4.69% |
N/A |
4.69% |
7,182,795 |
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Position of previous notification (if applicable) |
3.79% |
N/A |
3.79% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rightsix |
% of voting rights |
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Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
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GB00BPCPPZ79
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7,182,795 |
4.69% |
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SUBTOTAL 8. A |
7,182,795 |
4.69% |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |
X |
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Full chain of controlled undertakings through which the voting rights and/or the |
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Namexv |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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Place of completion |
United Kingdom |
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Date of completion |
10/06/2026 |
