Fulcrum Metals PLC (LSE:FMET) has successfully raised £1.045 million through a placing and subscription of new shares, bolstered by a strategic investment of £175,000 from Metals One PLC. This capital increase significantly strengthens the company’s financial position, enabling them to advance the Teck Hughes project and pursue further collaborations with Metals One. These partnerships could potentially expand the application of their technology beyond its current use in Canada.
The funds will be allocated to project development, enhancing working capital, and reducing debt, all of which position Fulcrum Metals for future growth and greater operational efficiency.
About Fulcrum Metals PLC
Fulcrum Metals PLC is an AIM-quoted company operating in the mining sector, focusing on the innovative recovery of precious metals from mine waste. The company is pioneering advanced technologies to optimize the extraction process, emphasizing sustainable and efficient resource utilization.
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