Ryan highlighted how this deal validates Fulcrum’s business model by bringing in $3.36 million CAD in cash and shares, plus $3.25 million CAD in exploration commitments, which benefits shareholders through non-dilutive funding and potential royalties.
This deal brings in non-dilutive funding, cash inflow, shares in Terra Balcanica, and potential royalties from future discoveries.
Fulcrum Metals is focusing on reprocessing gold tailings, particularly in the Kirkland Lake area, with significant potential in projects like Tully and Big Bear, which are poised for further development and exploration.
Ryan Mee, Chief Executive Officer of Fulcrum, commented: “We are thrilled to announce the signing of a definitive option agreement for the sale of our uranium assets in Canada. This strategic move not only provides us with the capital to advance our innovative and environmentally friendly tailings processing assets, Teck-Hughes and Sylvanite, and focus on our gold exploration projects but also validates our business model of identifying low entry-level assets and crystallizing value for our shareholders. This milestone is a testament to our commitment to both shareholder value and sustainable development.”
The video discusses Fulcrum Metals’ recent business moves, focusing on the sale of their Saskatchewan uranium projects to Terra Balcanica. CEO Ryan Me highlights the following key points:
- Validation of Business Model: The deal brings in $3.36 million CAD in cash and shares, plus $3.25 million CAD in exploration commitments, demonstrating their strategy of acquiring low-entry-level assets and creating shareholder value.
- Shareholder Benefits: The transaction provides non-dilutive funding, meaning no new shares are issued to raise capital. Fulcrum also gains shares in Terra Balcanica, benefiting from potential future discoveries and appreciation in Terra’s share value. Additionally, Fulcrum retains an ANL royalty on any major discoveries.
- Gold Tailings Focus: Fulcrum is shifting focus to reprocessing gold tailings, especially in the Kirkland Lake area. They have significant projects like Tully and Big Bear, which are ready for further development and exploration.
- Environmental Advancements: They are advancing environmentally friendly tailings processing with promising results from their phase one programs, including nearly 60% gold recovery and higher-than-expected gold content.
The overall message is positive, highlighting strategic deals, non-dilutive funding, and a clear focus on future development and exploration in gold tailings.
