byEleanor Laurence - Content Producer, The Assay
2 days ago
UK based Fulcrum Metals (LON: FMET) announced on Monday that its wholly owned subsidiary, Fulcrum Metals Canada Ltd, has agreed to acquire a 100% interest in the Charlot-Neely Lake, South Pendleton, and Snowbird uranium projects in Saskatchewan, spanning 11,481ha.
Fulcrum paid a cash consideration to the Dunn Option Vendors of C$5,000 and upon exercising the option on 28 June this year, Fulcrum has paid a further cash consideration of C$60,000.
This takes the company one step closer to a definitive agreement with Terra Balcanica Resources Corp. over the sale of all of its uranium projects totalling more than 59,000ha, Fulcrum said in a news release.
Fulcrum also owns The Big Bear gold project situated over the western end of the Schreiber-Hemlo Greenstone belt, the Jackfish Lake gold project in Ontario, and the Tully gold project, located 25km northeast of Timmins within the Timmins-Porcupine Gold Camp.
The company aims to create an environmentally friendly and sustainable tailings and mine waste business, driving mining change through combining low discovery risk assets and jurisdictions with transformative technology capable of near-term cash flow whilst capitalizing on a portfolio of exploration assets.
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